When it comes to home improvement, “Ygrene Financing” is a term that is probably mentioned frequently. What’s it all about? To a seasoned broker, Ygrene is no stranger; in fact, this form of home improvement financing is an easier, more affordable way to finance a project to improve your property.
What is Ygrene Financing?
Ygrene is a PACE funding program that provides 100% financing to commercial and residential property owners for energy efficiency, renewable energy, and hurricane protection improvements. PACE funding programs offer many benefits compared to traditional credit-based forms of financing.
What is PACE Funding?
PACE is an acronym that stands for “Property-Assessed Clean Energy.” PACE programs are the latest in financing, including home improvement projects like the installation of impact windows and doors for hurricane protection at low fixed payments. PACE programs also allow homeowners to finance these projects without having to pay upfront or having to take out an equity loan.
With PACE, the cost of the improvements is added to your property tax bill over the course of several years. This translates to smaller payments compared to traditional credit-based financing. Plus, the payments made on your property tax bill may be tax-deductible. It’s also worth mentioning the installation of impact windows can help reduce your homeowner’s insurance and energy bills.
What are the benefits of Ygrene Financing?
- Expect $0 down.
- Ygrene includes 100% PACE Financing.
- Expect low fixed payments.
- Financing is repayable over terms of 5, 10, 15 and 20 years through your property tax bill.
- Ygrene Financing may be tax deductible.*
- Eligibility is based on your home equity, not your credit score.
- No payment due until November 2017.**
* Ygrene does not provide tax advice. Please consult your tax advisor about tax deductibility because everyone’s tax situation is unique.
If you feel Ygrene Financing may be a good fit for your next roofing project, contact us at All American Roofing for more information on how to take the first steps toward home improvement.
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