Ygrene Energy Fund Inc., a provider of residential, multifamily and commercial property-assessed clean energy (PACE) financing, and Soligent, a pure-play solar distributor in the U.S., have announced a strategic agreement to expand services and increase access to solar financing and materials in California and Florida. The partnership provides participating contractors access to Soligent’s Tier 1 pricing and credit lines, enabling them to offer property owners solar equipment with no-money-down financing through the YgreneWorks PACE program.
“Even with today’s competitive solar pricing, most people are still unable to afford the up-front, out-of-pocket cost of solar, so increasing access to affordable financing is critical to market growth,” says Jonathan Doochin, Soligent CEO. “Our partnership with Ygrene expands financing and credit access to thousands of installers, dramatically expanding the options that many Americans will have to own affordable, clean energy, starting now.”
Ygrene provides 100% financing for property owners to deploy solar, energy efficiency, water conservation and climate resiliency upgrades to their buildings through its YgreneWorks PACE program. Serving 319 cities and counties in California and Florida, Ygrene says it has completed contracts for over $612 million in climate-resilient property upgrades, resulting in an estimated 38.3 MW of solar installed.
“As the United States continues its transition to clean energy, we are proud to offer innovative financial solutions and leverage partnerships that accelerate this transformation by creating the best value for property owners,” says Mark Colby, Ygrene’s general manager of solar and storage. “This partnership with Soligent helps Ygrene take a leading position with contractors, enabling them to provide the most compelling solar solutions for their customers.”