Pay for Your Roof Through Your Property Taxes.

A Different Way to Finance a Roof

Ygrene makes home improvement financing fast, easy, and accessible. Ygrene is a leading PACE provider in Florida that offers financing with no upfront costs at closing for energy efficiency, renewable energy, and hurricane protection improvements, conveniently added to and repaid with your property taxes.¹ A smart alternative to traditional credit-based financing, eligibility is based on the equity in your home and ability to repay, not on your credit score. Rates are fixed and flexible terms up to 20 years are available depending on service area as well as type and estimated useful life of the improvement.

• No Money Out of Pocket at Closing
• Repayment Begins Only After Your Repairs are Installed²
• Approval is Based on Equity in Your Home and Ability to Repay
• Fixed Rates, Flexible Terms Up To 20 Years³
• Soft Credit Pull Only, No Impact to Your Credit Score⁴
• Get Approved In 30 Minutes Or Less

In Florida, a wind-resistant roof replacement is an eligible improvement, so a full reroof can be financed this way. Learn more about Ygrene.

How Ygrene PACE Appears on Your Property Tax Bill

Repayment of Ygrene property assessed clean energy (PACE) financing is accomplished through a special, voluntary non-ad valorem assessment that appears as a line item on the annual property tax bills received by participating property owners. PACE financing payments are approved under Florida State Statute 163.08. The PACE special assessment uses the property as collateral and a first priority lien will be placed on the property ahead of other liens including mortgages, until repaid in full. While PACE programs are enabled by state legislation and must be approved by local governments, Ygrene is not a government program.

PACE payments can be added to a mortgage escrow account, but this does not happen automatically. To increase escrow reserves, contact your mortgage lender or servicer and provide them with a copy of the final closing statement from Ygrene.

Wisetack or PACE?

PACE is one of two ways we help homeowners pay for a roof. If you have solid credit and want fast, fixed monthly payments, Wisetack monthly-payment financing is often the simpler path. Ygrene PACE is a smart alternative to traditional credit-based financing: eligibility is based on equity in your home and ability to repay, not on your credit score, and it is repaid through your annual property tax bill.

Who PACE Is a Good Fit For

• You have home equity. Eligibility is based on equity in your home and ability to repay, not on your credit score.
• Credit-based financing was not a fit. Ygrene PACE is a smart alternative to traditional credit-based financing.
• You want a longer term. Spread the cost of a full reroof over many years at a fixed rate.
• It is wind-mitigation work. In Florida, a wind-resistant roof replacement is an eligible improvement.

What to Know Before You Choose PACE

We believe in plain answers, so here is exactly how PACE is different from a regular payment plan:

• It is an assessment, not a loan. You repay it through your property tax bill, not to a lender each month.
• It places a lien on your property. PACE financing is secured by an assessment, the financing uses the property as collateral and a first priority lien will be placed on the property ahead of other liens including mortgages.
• It affects selling and refinancing. Many mortgage lenders require the assessment to be paid off when you sell or refinance, so plan to address it at closing.
• Talk to a tax advisor. Because PACE is repaid with property taxes, confirm any tax questions with your own tax advisor. We do not give tax advice.

FAQ

1. Ygrene's PACE program is not a government sponsored program and there is no government assistance available to pay the assessment. Installation of all improvements financed with a PACE assessment are provided through your contractor, not Ygrene or any government entity.
2. Subject to underwriting guidelines and approval; timing of first payment depends on date of funding, interest accrues after funding.
3. Terms of 10, 15 and 20 years are valid for residential properties; additional 25 and 30 year terms are available for commercial properties.
4. While Ygrene does not consider your credit score, we pull your credit to verify certain underwriting criteria. Ygrene completes a soft credit pull on the PACE applicant. A soft credit pull does not affect your credit score.

PACE financing is offered through Ygrene and is subject to underwriting terms, conditions, fees, and guidelines. PACE is an assessment on your property that is repaid through your property tax bill, not a loan, and a first-priority lien for the total amount financed will be placed on the property as collateral. Payment start date is determined by the date of funding and customarily will appear on the property tax bill following the funding date; however, interest begins to accrue at the time of funding. Length of financing term is dependent on the useful life of the improvement funded. Ygrene is not a government program. Scotti Family Roofing is an independent contractor enrolled to offer Ygrene PACE financing and is not an agent or affiliate of Ygrene. Scotti Family Roofing does not provide tax advice; please consult your own tax advisor. Monthly payment figures, where shown, are for budgeting purposes only and are to be repaid annually with property taxes. Not all improvements may be eligible for PACE financing.