Ygrene PACE Financing
100% home upgrade financing
Ygrene is a smart and simple financing program, endorsed in Sacramento and Yolo Counties, that makes upgrading your home an affordable project.
- $0 down
- Low monthly payments
- No impact on your credit score
- Interest may be tax deductible
- No payments for up to 12 months
Ygrene financing covers all of the installed costs associated with your project, and allows you to finance up to 10% of your home's value. There is no deposit and no down payment required. Up to 20 year terms are available, meaning lower payments for you. The interest rate may be tax deductible, which lowers your effective interest rate and monthly payments even more. You repay the cost of installations on your property tax bill. In most cases, payments can transfer upon the sale of your home, so the payments stay with your home, not with you.
Improvements to your home increase your homes value! According to the Appraisal Institute, "energy-efficient homes have higher values and sell for more than their non-energy efficient neighbors." Aside from adding to the aesthetic value of your home, your energy efficient improvements increase your home's comfort and cost savings, and decrease negative environment impact. What's not to love?
Frequently asked questions
Q: who is Ygrene and how is Sacramento County involved?
A: Sacramento County and the local city governments within Sacramento County (including Citrus Heights, Rancho Cordova, Carmichael, Fair Oaks, Gold River, Orangevale, and the City of Sacramento) have partnered with Ygrene to offer this PACE financing program to help you improve your property while conserving energy, helping the environment, and stimulating the local economy. Ygrene administers the program. Funding comes from a public-private partnership, and payments are collected along with your property taxes through your local government.
Q: How does ygrene compare to other financing options
A: PACE financing doesn't affect your credit score, and offers the lowest monthly payments available. In addition, the interest is tax deductible, which lowers your effective payments even more. If the property is sold, the remaining payments can stay with the property itself.
Q: Does this impact my credit?
A: No. Your eligibility for PACE financing is not based on your credit score. In addition, Ygrene won't affect your available credit for other purchases, like a car or a credit card.
Q: What kinds of projects are eligible for ygrene?
A: Any energy-saving improvement that is permanently affixed to the property is eligible. This includes projects like: heating and air conditioning, windows, solar, insulation, water heaters, and more.
Q: HOW MUCH CAN I QUALIFY FOR?
A: The maximum amount that Ygrene can offer is 10% of your home's value.
Q: How do I know if I'm eligible?
A: To be eligible for Ygrene financing, you must be current on your property taxes, mortgage payments, not currently be in bankruptcy, and have 15% equity in your home.