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Many Village of Palmetto Bay residents have received mailers and solicitations in the mail recently from Ygrene offering a program that finances energy efficiency, renewable energy, and water conservation upgrades. The mailer appears to suggest that Ygrene has the endorsement of the Village of Palmetto Bay.
PLEASE NOTE: The Village did not send this mailer and did not authorize the use of Village logos in the Ygrene materials, NOR DO WE ENDORSE the company or the financing it offers.
Ygrene offers financing through a Property Assessed Clean Energy (PACE) program. PACE is a financing tool offered by a third party vendor that property owners can use to make energy and/or water efficiency upgrades to their home or business. The Village supports and has enabled PACE programs as a service to its property owners, but does not promote or endorse businesses offering PACE financing.
Ygrene is the only third-party vendors authorized by the cities in Miami-Dade County Green Corridor District to offer PACE financing programs. PACE financing programs are offered in many parts of the state and we are currently reviewing other viable options to bring forth to our residents in the near future. We ask all residents to consider the options currently available and to understand that some mortgage companies and Federal agencies have issues with Pace (Ygrene) funding programs. We also ask that you take the time to understand the lack of loan repayment terms, the restricted refinancing options, and all potential ramifications that this program has.
Lastly, you can contact us at 305 259-1234 if you need any further clarifications concerning your rights as to your options for financing energy efficient programs for your home and businesses.