If you’re a homeowner looking to upgrade your home with energy-efficient systems, you’re in luck! AC Warehouse is pleased to announce that we now offer Ygrene PACE Financing. This exciting program allows you to install a more efficient system with no upfront costs. It also offers borrower-friendly terms and no payments for up to a year or longer!
You can use PACE financing for a variety of home improvement projects. This includes upgrading your central HVAC system, replacing air ducts, and/or purchasing a heat pump. Want to learn more? Here’s a look at the answers to some of the most frequently asked questions.
What is Ygrene Financing?
Ygrene is one of the leading national lenders participating in the PACE (Property Assessed Clean Energy) program. This allows property owners to enjoy affordable financing when purchasing upgrades that increase energy efficiency, conserve water, harness renewable energy, or protect against storms.
Is PACE a Loan?
PACE works similarly to a loan, paying you upfront money for your upgrade and requiring you to make repayments over time. However, the financing is actually attached to your property and repaid through your property taxes. For this reason, it’s classified as a property assessment rather than a loan.
Will I Qualify?
To qualify for Ygrene financing, you must live in a Ygrene-approved area (like Florida). During the review process, Ygrene will evaluate a variety of factors including the amount of equity you currently have in your home, your mortgage payment history, and your ability to repay the assessment. Approval is not based on your credit score and most applications receive a decision within 30 minutes.
What Are the Benefits?
There are many benefits to using Ygrene financing! This includes low, fixed interest rates, delayed first payments, and the ability to spread your costs over the life expectancy of the upgrade (up to 30 years). Using Ygrene financing makes it easy and affordable to enjoy the comfort and savings that come with energy-efficient upgrades.
Ygrene offers 100% financing with no money down and has lower interest rates than credit cards. Many homeowners appreciate the ability to make upgrades right away without putting a major dent in their current budgets. In addition, the upgrades you make will allow you to both reduce your utility bills and increase your home’s value.
Learn More Today!
If you’re ready to learn more about how Ygrene PACE financing can help you get the home upgrades you’ve been dreaming of, contact us today! We’ll provide you with an assessment of your current system, a recommendation, and an estimate. Then, we’ll explain how to quickly and easily apply for Ygrene PACE financing so you can start enjoying your upgrades right away!