How Ygrene Financing Can Help You Start Saving Money Today
Living in South Florida means we are spoiled by a lot of great things – warm weather, plenty of sunshine, accessible beaches – but it also means we have to pay a premium for many of those same perks. Our energy bills are higher because our air conditioning units have to work harder to keep our homes cool, and our homeowners insurance premiums are expensive because of the increased risk of damage caused by flooding and hurricane winds…which is why many people install impact windows.
Here’s the bad news: impact windows are expensive (but there are countless reasons to do so. Here are 5 of them). The good news is that because we live in Florida, many residents can qualify for low-cost, long-term financing when making energy-efficient improvements to their home – like when they install impact windows.
Property Assessed Clean Energy (PACE)-eligible home improvement projects include installing things like impact windows and doors, high-efficiency lighting and appliances, solar systems, and more. A full list of eligible improvements can be found on Ygrene’s site.
Savings resulting from Ygrene financing can be seen right away in the form of reduced energy bills and insurance premiums (often in the form of wind mitigation discounts). Here are a few other things to know about PACE financing:
- No minimum FICO score is required. Eligibility is assessed based on the homeowner’s equity, among other factors.
- Financing is assessed through your property tax bill and is added as a new line item on your annual tax bill.
- Given its unique nature, this type of loan is tied to your property, and, in some cases, the payment may be transferred to a new owner if you decide to sell.
If you’re looking to start saving money today and live more sustainably, research your options and evaluate the various financing opportunities that may be available to you. In many cases, Ygrene financing may offer just the right solution for your needs.
When you’re ready to make improvements to your home – no matter how big or small, give us a call at 305-790-1722.