Ygrene Energy Fund

What Ygrene Energy Fund does

Ygrene Energy Fund is a privately held U.S. specialty finance company that provides Property Assessed Clean Energy (PACE) financing to residential and commercial property owners, founded in 2010 in Petaluma, California and now headquartered in Miami, Florida. Its core product is a PACE financing platform that enables property owners to fund energy efficiency, renewable energy, water conservation, and storm-protection improvements — repaid as a non-voluntary assessment on the property tax bill over up to 20 years for residential and 30 years for commercial projects, secured by a first-priority property lien ahead of mortgages. Approval is based on property equity and ability to repay rather than credit score; only a soft credit pull is performed, and 100% of project costs are funded with no money down and no payments until project completion. Ygrene supports its core product with a contractor portal, a property-owner portal, a payment calculator, and an income verification tool, plus a certified contractor network as its primary origination channel.

The company earns revenue primarily through interest income on the PACE assets it originates, with repayment terms long-dated (up to 30 years), fixed-rate, and collected through property tax billing. Its go-to-market combines direct-to-consumer (online prequalification at prequalification.ygrene.com and phone support at 866-634-1358) with channel partnerships — certified home-improvement contractors in regions such as St. Louis (~90 registered locally) and municipal government partnerships that enable PACE programs at the jurisdiction level. Ygrene operates programs in 550+ communities across California, Florida, Missouri, and Georgia, has completed 90,000+ projects in Florida alone, and has cumulatively deployed over $2 billion in private capital. The company maintains a diversified lending syndicate including Deutsche Bank, SunTrust Robinson Humphrey, Natixis, Nomura, CIT Bank, and ING Capital for warehouse credit capacity, and has executed 12 rated asset-backed securitizations, including the first-ever PACE transaction rated by S&P Global Ratings. In July 2022, Ygrene received a strategic private investment from Lightyear Capital and Virgo Investment Group to support expansion beyond PACE into a broader portfolio of property improvement financing products.

Name

Ygrene Energy Fund

Legal name

Ygrene Energy Fund Inc.

Website

https://ygrene.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

Ygrene Energy Fund is a U.S. specialty finance company providing Property Assessed Clean Energy (PACE) financing to residential and commercial property owners for energy-efficiency, resiliency, and storm-protection improvements, repaid through property tax bills across 550-plus communities.

Ownership category

akta.pro rank

Product category

Property Assessed Clean Energy (PACE) Financing

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Finance Lessors (6172)

akta.pro primary industry

Energy Efficiency & Green Retrofit Financing (FSALAHAK)

akta.pro secondary industries

Climate / Clean Tech & Decarbonization Funds (FSANAJAA), Renewables & Energy Transition Funds (Solar, Wind, Hydrogen, CCUS) (FSANAEAD), Renewable Energy & Energy Transition Funds (FSANAJAB), DER Financing, Leasing & Billing Platforms (TPO, PPA, On-Bill) (EUAMAJAJ)

Keywords

• PACE financing
• Property assessed clean energy
• Residential energy financing
• Commercial PACE lending
• Home improvement loans

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. PACE Financing Interest and Fees: Ygrene provides upfront money for energy efficient improvements that is repaid over time with interest. Financing is repaid through property tax bills. Interest accrues after funding. The company earns interest income on the financed amounts over the repayment period (up to 20-30 years).

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Ygrene Energy Fund provides Property Assessed Clean Energy (PACE) financing that allows residential and commercial property owners to fund energy efficiency, renewable energy, water conservation, and storm protection improvements through their property tax bills. Financing is repaid over up to 20 years for residential and 30 years for commercial properties with no upfront payment required, and the property serves as collateral via a first priority lien.

Product overview

Ygrene Energy Fund offers Property Assessed Clean Energy (PACE) financing as its core product, enabling property owners to fund energy efficiency, renewable energy, water conservation, and storm protection improvements through their property tax bills. The company provides a platform ecosystem including a Contractor Portal for project management, a Property Owner Portal for account management, and web-based tools including a Payment Calculator and Income Verification Calculator. Financing terms extend up to 20 years for residential properties and 30 years for commercial properties, with no upfront payments required and fixed interest rates.

Differentiator

Problem solved

Functional benefit

Brands

• Set the PACE St. Louis: Comprehensive privately-funded energy financing program for residential and commercial buildings in St. Louis launched in partnership with the City of St. Louis.
• Show Me PACE

Products and services

• Ygrene PACE Financing (Residential) 100% no-money-down PACE financing for Florida and other homeowners to fund energy efficiency, renewable energy, water conservation, and storm protection improvements such as roofing, windows, doors, HVAC, and impact windows. Repayment occurs through property tax bills with fixed rates and terms up to 20 years.
• Commercial PACE Financing PACE financing for commercial, industrial, multifamily, and nonprofit property owners enabling low-cost, long-term funding for energy efficiency, water conservation, and renewable energy projects. Repayment terms extend up to 30 years with fixed rates and first-priority lien on the property.
• Home Improvement Loan Solution Unsecured home improvement loan offering that allows consumers to compare PACE financing and unsecured loan options side-by-side, providing a financing option outside the PACE structure.
• Contractor Portal Web-based portal for certified contractors to manage PACE financing projects, submit customer applications, track project status, and receive payment upon work verification.
• Property Owner Portal Web-based portal enabling property owners to manage their Ygrene PACE financing, view account details, track repayment status, and access account information.

Quantifiable outcome

• Over $500 million in avoided future hurricane disaster losses for Florida properties
• +6 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core.

• Invest AtlantacoreStrategic or Co-development PartnerAtlanta's economic development authority partnered with Ygrene to deliver clean energy financing programme to commercial property owners in Atlanta for repairs and upgrades to save water and energy.
• Show Me PACE Clean Energy DistrictcoreStrategic or Co-development PartnerMissouri Clean Energy Development Board partnered with Ygrene to expand PACE program to St. Charles County. Show Me PACE provides best-in-class residential and commercial PACE offerings with strong consumer protections.
• Empowerment InstitutecoreStrategic or Co-development PartnerYgrene committed $240 million in affordable financing to Los Angeles, Irvine, and Petaluma for clean energy improvements through partnership with Empowerment Institute.
• Set the PACE St. LouiscoreStrategic or Co-development PartnerPublic-private partnership program launched in 2013 with City of St. Louis. Has provided more commercial PACE funding per capita than any other individual PACE jurisdiction in the United States.
• Clean PACEcoreOthersClean PACE is a Florida nonprofit that independently reviews and assesses PACE providers for consumer protections. Ygrene was awarded the first-ever Clean PACE Certified Partner designation.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Renovate America: One of the largest residential PACE financing providers in the U.S., offering HERO Program financing for energy efficiency, solar, and water conservation improvements repaid through property taxes. Direct competitor to Ygrene in the residential PACE market across California and other western states.
• CleanFund Commercial PACE Capital: Commercial-focused PACE financing provider serving developers, building owners, and contractors on C-PACE projects nationwide. Direct competitor to Ygrene's commercial PACE segment; notably, Ygrene CFO Greg Saunders was previously CEO/CFO at CleanFund.
• Petros PACE Finance: Commercial PACE financing provider serving projects across multiple U.S. states with a focus on new construction and major retrofits. Directly competes with Ygrene's commercial PACE offering for energy efficiency and renewable improvements.
• Dividend Finance: Residential and commercial PACE financing provider operating in multiple states, offering financing for solar, energy efficiency, and resiliency improvements repaid through property taxes. Direct peer with overlapping GTM through contractor and municipal partnerships.

Emerging players

• Mosaic: Residential solar and home improvement financing platform that offers loan products for rooftop solar and energy upgrades. Comparable to Ygrene's broader home improvement financing ambitions and competes in adjacent clean energy financing segments.
• Sunlight Financial: Residential solar and home improvement financing company that went public via SPAC, focused on loans for rooftop solar and energy efficiency installations. Comparable to Ygrene's contractor channel and clean energy financing thesis.

Broad incumbents

• GreenSky (Goldman Sachs): Large home improvement lending platform acquired by Goldman Sachs, offering unsecured and secured loan products via contractor networks. Comparable to Ygrene's contractor-driven home improvement financing motion and broader contractor-relationship model.
• EnerBank USA: Specialty home improvement lender offering unsecured home improvement loans distributed through contractor networks nationally. Comparable to Ygrene's contractor channel GTM and to its recently launched non-PACE Home Improvement Loan Solution.
• Hannon Armstrong: Public climate solutions investment firm that provides debt and equity capital for energy efficiency, renewable energy, and climate resilience projects. Comparable to Ygrene as a capital provider into the climate financing ecosystem and a potential capital partner/competitor for sustainable infrastructure assets.
• Generate Capital: Climate infrastructure and sustainable resource finance platform investing in and operating distributed energy, energy efficiency, and resiliency projects. Comparable to Ygrene as a financier of distributed clean energy and resiliency infrastructure, though at a broader infrastructure level.

Market position

Strengths2 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC8PQNVXVFa71jXCVjzb_vDw
• Facebookfacebook.com/YgreneEnergyFund
• LinkedInlinkedin.com/company/ygrene-energy-fund
• Instagraminstagram.com/ygreneenergy
• Xx.com/ygrene_energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ygrene Energy Fund