PACE Pioneer Ygrene Energy Fund Partners with Solar Roof Dynamics to Bring Affordable Financing to Rooftop Solar in California
Ygrene Energy Fund Inc., a leading multi-state provider of residential and commercial PACE financing, announced today a strategic partnership with Solar Roof Dynamics LLC, a premier distributor of best-in-class solar solutions for California’s roofing industry. Leveraging Ygrene’s unique PACE financing model, YgreneWorks™, Solar Roof Dynamics can now offer consumers through its broad base of commercial and residential partners the ability to pay for their rooftop solar upgrades over time through property taxes.
Via Solar Roof Dynamics’ roster of expertly trained solar contractors, YgreneWorks is now making California’s cleanest, least expensive and most abundant renewable resource—solar—affordable for an even greater percentage of California’s businesses and homeowners, creating the potential for unprecedented growth. This is an exciting addition to Solar Roof Dynamics’ already innovative, value-added business model. Solar Roof Dynamics is transforming the solar industry by working directly through its network of authorized roofing contractors with extensive experience in installing both roofing and solar systems. This network of contractors gives consumers the opportunity to install solar panels at the same time that they are replacing their existing roof.
“We have a long history of introducing best-in-class solar products and services to local roofing contractors,” said Aaron Nitzkin, CEO of Solar Roof Dynamics. “With YgreneWorks, we can offer one of the best financing options for solar and roofing available on the market, reach more consumers, and most importantly, generate more clean, cost-effective solar energy to enhance California’s sustainable infrastructure.”
Available in more than 180 communities throughout California and Florida, YgreneWorks provides financing for energy efficiency, water conservation, renewable energy and climate retrofits for homes and businesses. PACE financing programs such as YgreneWorks are authorized by local governments in an effort to stimulate local economies, generate jobs, address climate change and provide constituents with access to low-cost, money-saving home improvement funds. Since its inception, YgreneWorks has approved more than $1 billion in funding nationally for upgrades to the built environment, producing more than $2.6B in economic stimulus, 15,500 new and sustained jobs and 65MW of energy, as well as conserving 4.5B gallons of water and enough energy to power 1,026,635 homes for a full year and keep 1.2M metric tons of CO2 from entering the atmosphere.
“California remains at the forefront of renewable energy innovation and the Solar Roof Dynamics partnership will ensure that PACE-financed solar power will be made available to as many homes and businesses as possible,” said Stacey Lawson, CEO of Ygrene. “We’re proud to support California’s most accessible and cost-competitive solar installation platform.”