Loading...
1-8-18 Handout- Terrace Freeman�grenewoRKs Ygrene PACE and Your Florida Property Taxes How does PACE financing appear on property tax bills? Repayment of YgreneWorks property assessed dean energy (PACE) financing is accomplished through a special voluntary non -ad valorem assessment that appears as a line item on property owners' annual property tax bills. PACE financing payments are approved under Florida State Statue 163.08, which was created to provide an alternate method of financing energy efficiency, renewable energy generation and wind resistance property improvements. The special assessment constitutes a continuing lien on the property (with the same priority as county taxes). While PACE programs are enabled by state legislation and must be approved by local government, YgreneWorks is not a government program. Can the annual payment be added to an escrow account? PACE financing payments can be added to a mortgage escrow account, but this does not happen automatically. To increase escrow account reserves, property owners must contact their mortgage lender or servicer and provide them with a copy of the final closing statement from Ygrene. SAMPLE PROPERTY TAX BILL (This is a mockup for illustrative purposes only.) Paid by Joan Doe Paid 02/08/2016 Flecelp1 N ABCDEF-00-000000 $2,298.56 Miami -Dade County, Florida 2015 Real Estate Property Taxes Notice of Ad Valorem and Non -Ad Valorem Assessments FOLIO NUMBER MUNICIPALITY 00-0000-000-0000 MILL CODE 0100 Property Address 123 Street Name ti AD VALOREM TAXES $1,000 OF TAXABLE VALUE TAXES LEVIED Miami -Dade School Board school Board Debt Service State and Other Childrens Trust Authority Miami -Dade County Library District 175,971 169.132 189,132 0,19900 0.50000 0.28400 NON -AD VALOREM ASSESSMENTS 175,971 169,132 1.69,132 35,02 84-57 48.03 LEVYING AUTHORITY FOOTAGE/UNITS Ai110 NTS X0111 GREEN CORRIDOR PACE @ 1.0000 2130.940 2,130.94 I Your Annual Payment Combined taxes and assessments $2,298.56 J .ci 2017 Ygrene Energy Fund. All rights reserved. YgreneWorks -corn 1866-634-1358 40012 -FL -4-17 �Rgrenewo R Ks for realtors Florida Frequently As Questions <cc What is YgreneWorks? Ygrene Energy Fund's award-winning YgreneWorks " program provides 100 percent, no money down PACE financing enabling property owners to make energy efficiency, renewable energy and hurricane protection improvements to residential, multifamily. commercial and agricultural buildings. Payments are conveniently made through property tax bills. What is PACE financing? Named one of the top 20 "world -changing" ideas by Scientific American magazine, PACE (property assessed dean energy) is a simple and effective way to pay for a wide range of energy efficiency, renewable energy and hurricane protection upgrades to buildings. Payments are incorporated into and repaid as part of a special assessment added to the property's tax bill with terms of up to 20 years, depending on the type of improvement. While PACE programs are enabled by state legislation and must be approved by your local government. YgreneWorks is not a government program. What do I need to know about selling a property with a PACE assessment? PACE assessments are incorporated into and repaid as part of the property's taxes which are legally transferable upon sale. However, some mortgage lenders may require full repayment of the special assessment upon sale. How is the PACE assessment transferable upon sale? When a special assessment can be transferred to new owners, it does so with the sale of the property via the escrow process. The potential buyer does not need to qualify or reapply for YgreneWorks. Realtors should include a brief addendum to the purchase contract noting that the buyer accepts the special assessment as part of the purchase agreement, and ensure the special assessment is properly disclosed to the buyer's lender via the Preliminary Title Report. How Is a PACE assessment paid off? Ygrene partners with Wulldan Financial Services to provide special tax administrative services. Including the tracking of the property owner's PACE special assessment payments and processing early payoff requests. To inquire about or to initiate an early payoff of financing. the property owner should contact Willdan Financial Services at 866.807.6864 Monday through Friday. 8:00 a.m. - 5:00 p.m. Is there a prepayment penalty fee? Yes. Unless the property owner chose to have the prepayment premium waived as part of their financing (in which case 1,5°% of their contract amount would have been added to their closing fees), they will incur a 5% early payoff fee an their remaining balance, As a Realtor, what do I need to know about listing a property with a PACE assessment? Listing agents should always disclose that there is a PACE assessment on the property tax bill. They should also include the remaining baiance Arid payment terms, and the associated benefits PACE improvements have on the property such as energy and insurance premium savings, safety and comfort. How do I know if a property has a YgreneWorks PACE assessment, and how do I find the remaining balance? For specific information on a property with a YgreneWorks PACE assessment, the property owner must give us a call at 855.965.7283 and we can provide this information to them. 201L Ymene Ener gy r=und. AMI rights rr YgreneWorks.com 1 855.965.7283 3i5 11'. I FOR CONTRACTORS l°_I�fgrenewoRKs The sight Partner for your Clean Lnergy and Hurricane Protection Nproc ram As Florida's largest PACE provider currently serving over 97 communities and 7.5 M+ Florida residents, Ygrene knows the potential benefits a property assessed clean energy (PACE) program can bring to your community: more local jobs. local economic stimulus, growth of local contracting firms - and potential reduction of energy costs and insurance premiums for constituents. Finding the right partner is key, and with Ygrene you are right on target. Our experienced financial experts, top operational and funding teams. and locally connected area managers are committed to ensuring a higher level of consumer protections and service, We're committed to delivering an effective PACE program that can help generate measurable results for your community—quickly and effectively. FOR LOCAL GOVERNMENT FOR PROPERTY OWNERS Economic Stimulus Ygrene can help achieve the triple bottom line by creating jobs, building the local economy, and reducing carbon impact. Consumer Protection Ail contractors must be legally licensed & insured by the State of Florida, meet Ygrene training and certification requirements and abide by a strict Contractor Cocfe of Conduct policy. All improvements require local permits and property owners must approve work before contractors get paid. Zero Cost Because Ygrene pays for all costs including district implementation, staffing and marketing, and provides all project funding, there is zero cost to local governments for administering the Program. Dedicated Team Ygrene fully staffs all of our programs with local account managers, a dedicated government liaison, centralized customer service reps, underwriters and other professionals. Wide Range of Projects Property owners can Finance hundreds of different energy efficiency and hurricane protection improvements. Long -Term Financing Payments for financing are at affordable fixed rates over five - to -20 year terms, not to exceed the useful life of the improvement, Improvements are incorporated into and repaid as part of property taxes and may transfer with the property upon sale.' Based on Home Equity Program eligibility is based on available equity in the property, among other factors, and not on credit score, proof of employment. income or financial statements.' No Upfront Payments Application and preapproval can happen in 15-30 minutes or less. There are no hidden fees or upfront payments, Increased Business Ygrene's award winning PACE program can dramatically increase business for home improvement contractors. Training and Certification Ygrene provides contractors with all the necessary training to effectively represent PACE financing to property owners. Once training is complete, contractors become certified to participate in the Program, Easy Project Management Ygrene's software tools allow contractors to easily manage PACE improvement projects. approvals and funding requests. Ready Funding Ygrene's fully -funded district ensures that project payment is quick and convenient. 'YgreneWorks payments are made through property taxes which are legally transferable upon sale however, mortgage lenders may require full repayment of the special assessment upon sale or refinance. 'While Ygrene does net use the property owner's credit score as a Factor in determining eligibility for financing. Ygrene will pull their credit report to confirm certain underwriting criteria. OPERATING IN STATEWIDE/REGIONAL PROGRAMS Geographic Reach (as of April 2017) PARTICIPATING LOCAL CITY/COUNTY GOVERNMENTS ' Commercial only. California, Florida, Missouri Golden State Finance Authority, Coachella Valley Association of Governments, Clean Energy Green Corridor, Clean Energy Development Board Alachua Archer Bay Harbor Islands Biscayne Park Bonifay Boynton Beach Coconut Creek Cooper City Coral Gables Coral Springs Cutler Bay Dania Beach Davie Deerfield Beach Delray Beach Doral El Portal Escambia County" Esto Fernandina Beach Florida City Fort Lauderdale Gainesville Green Cove Springs City Hallandale Beach Hawthorne Hialeah Hialeah Gardens High Springs Hillsboro Beach Hollywood Homestead Inglis Jupiter Inlet Colony Pinecrest Key Biscayne Plantation La Crosse Pompano Beach Lake Clarke Shores Ponce De Leon Lake Worth Port Richey Lauderdale By The Sea Satellite Beach Lauderdale Lakes South Miami Lauderhill Southwest Ranches Leon County* Sunrise Lighthouse Point Surfside Longwood Sweetwater Margate Tamarac Miami Village of Golf Miami Beach Virginia Gardens Miami Gardens Waldo Miami Lakes Weston Miami Shores Westville Miami Springs West Park Micanopy Miramar Newberry Noma North Bay Village North Lauderdale North Miami North Miami Beach Oakland Park Opa-Locka Orlando Palm Beach Shores Palmetto Bay Parkland Pembroke Park Pembroke Pines For more information call 866.634.1358 or email protectFL@ygrene.us West Palm Beach Wilton Manors Williston Winter Park Unincorporated Counties of: Alachua Broward Charlotte Hillsborough Holmes Marion Miami -Dade Pasco +t+ 2017 Ygrerie energy Fund, All rights reserved, YgreneWorks.com l 866.634.1358 60U1&-r.L L. 1 for homeowners Residential Hurricane protection & Energy EfficiencyCase Stud Miami Shores, Fl HVAC, Impact Windows & Doors, Roof, Solar Tube Miami Shores property owner Paul Cemeau needed to replace his old HVAC unit, and leaking roof and strengthen his home with hurricane protection measures. Thanks to Ygrene's property assessed clean energy (PACE) financing, Paul was able to upgrade his HVAC system, replace his roof, add a solar tube that provides natural Tight to an otherwise dark room, and protect his home with new impact resistant windows and doors. Since installing these improvements, his family is saving $100 dollars on energy bills every month and $3,700 on property insurance every year. "Living in this hurricane prone region makes home insurance expensive. Ygrene's financing made protecting our home with new impact windows and doors and a new roof affordable. Now our house is protected and we are saving $3,700 in insurance premiums every year. On top of that, our energy bills went down $100 every month since we changed our AC. With all of this, our improvements are paying for themselves! Thank you Ygrene for making this possible and easy" — Dr, Paul Cameau, Residential Properly Owner 11� �h • k%./.i.; •'• y..+ urricane protection and energy efficiency upgrades financed through Ygrene—the leading residential, commercial and multifamily PACE provider in the U.S. $60,000 PROJECT VALUE 48% PROPERTY INSURANCE SAVINGS 36% MONTHLY ENERGY SAVINGS YgreneWarkstM for homeowners The award-winning YgreneWorks program offers 100% no money down property assessed clean energy (PACE) financing for a wide variety of energy efficiency, renewable energy, hurricane protection and electric vehicle charging station upgrades. Eligibility is based on the available equity in your property (among other factors), and not on your credit score, proof of employment, income or financial statements. Low Fixed payments are spread out for up to 20 years and repaid through a property tax assessment that may be transferable upon sale or refinance? Save energy. Improve your comfort and safety and increase the value of your property. It's Simple to start saving now Apply online or by phone in minutes, with fast approvals Select your terms, sign your financing documents save Money, Save Energy. No Money Down 100% Financing No minimum FICO score required No payments for up to 29 months with ExtendPay7 If property is sold, property tax assessment may be transferable to the new owner upon sale' Minimum 10% equity in property Property taxes paid on time during the last three years or period of ownership Mortgage current at approval No involuntary liens on the property Not in bankruptcy Complete your efficiency or (hurricane protection upgrades, we pay your contractor Make payments through your property taxes 'YgreneWorks payments are incorporated into and repaid as part of your property taxes which are legally transferatfe upon sale; however. some mortgage lenders may require furl repayment of the special tax upon sale or refinance, 'Subject to underwriting guidelines and approval; first payment depends on the time of funding and the customer choosing ExtendPay; FL residential customers only 2017 Yoene Ef109y Fund Inc All 1 ill d,, ro,,ei Mr ,1 YgreneWorks.com 1655.965,7283 11711110 ft -1.l i for homeowners Coral Gables Residence, FL Solar Property owner, Vince Lago, City of Coral Gables Commissioner, was interested in reducing his carbon footprint while lowering his energy bills. Thanks to Ygrene's property assessed clean energy (PACE) financing, he was able to install 42 solar panels in his home producing 100% renewable energy and saving between $190-$290 per month in his electricity bills. "Using Ygrene's PACE financing for my home's solar panels has been a great success. The whole process went through without a hitch. The contractor did all of the work with the required permits and didn't get paid until the work was done and I signed off Not only is my house producing 100% renewable energy, my energy bills went from $200-$300 per month to $9.37. ! encourage all municipalities to join the Ygrene program and make this type of financing available to their residents as a means to a more sustainable and resilient future." - Vince Lago, Residential Properly Owner, City of Coral Gables Commissioner Clean energy upgrades financed through Ygrene - the leading residential, commercial and multifamily PACE provider in the U.S. $21,000 PROJECT VALUE 96% MONTHLY ENERGY SAVINGS ¥greneWorksTM for Homeowners The award-winning YgreneWorks program offers 100% no money down property assessed clean energy (PACE) financing fora wide variety of energy efficiency, renewable energy, hurricane protection and electric vehicle charging station upgrades. Eligibility Is based on the available equity in your property (among other factors), and not on your credit score, proof of employment, income or financial statements. Low fixed payments are spread out for up to 20 years and repaid through a property tax assessment that may be transferable upon sale or refinance' Save energy. Improve your comfort and safety and increase the value of your property. It's Simple to start saving now Apply online or by phone in minutes, with fast approvals Save Money. Save Energy. No Money Down 100% Financing No minimum FICO score required No payments for up to 29 months with Extend Payr If property is sold, property tax assessment may be transferable to the new owner upon sale" Minimum 10% equity in property Property taxes paid on time during the last three years or period of ownership Mortgage current at approval No involuntary liens on the property Not in bankruptcy Select your terms, sign your financing documents Complete your efficiency or hurricane protection upgrades. we pay your contractor Make payments through your property taxes 'YgreneWorks payments are incorporated into and repaid as part of your property taxes which are legally transferable upon sale; however, some mortgage lenders may require fust repayment of the special tax upon sale or refinance. 'Subject to underwriting guidelines and approval; first payment depends on the time of funding and the customer choosing ExtendPay; FL residential customers only if I O17 YenVene nerjv Fund Inc All re` ei veal. YgreneWorks.com 1955.965.7283 30006.FL-3.17 for business owners in !mull 1 1 1 1 1 1 1 1 1 111111111111 1 11 11 11 1 1e!1 .uu 111 Berl 111t11 ��11 Jrlirlititi,'r�;3 ,ip11 ,a�.kllli f 111mri r 111 1# 1 1 1 1 1 1 1 111n1 ,�.1 . tint 1 1 1 ' 1 256 Miracle Mile Coral Gables, FL Roof Replacement Small business owner Jackson Rip Holmes needed to replace the roof of one of his commercial buildings on Miracle Mile, Coral Gables, but didn't have the financial means to pay for it. Thanks to Ygrene's property assessed clean energy (PACE) financing, Jackson was able to not only replace his roof but provide his tenants a safer, more comfortable environment and save $2,000 dollars in annual property insurance. ''My business was about to 90 under because 1 didn't have the money to pay for a much needed roof replacement. Thanks to the Ygrene program 1 was able to finance it and in turn save $2,000 on insurance! Thank you Ygrene for saving my financial lifef Jackson RIp Holmes, small business owner Roof upgrade financed through Ygrene—the leading commercial and multifamily PACE provider in the U.S. $23,000 PROJECT VALUE 29% INSURANCE PREMIUM SAVINGS YgreneWorksTM for Small Buisnesses The award-winning YgreneWorks program offers 100% no money down property assessed clean energy (PACE) financing for a wide variety of energy efficiency, renewable energy, hurricane protection and electric vehicle charging station upgrades to commercial buildings. Eligibility is based on property equity—no capital outlay, guarantors, and no financial qualifications or covenants. Low fixed payments are spread out for up to 20 years and repaid through a property tax assessment that may be transferable upon sale or refinance,' Now it's easier and more affordable than ever to improve your cash flow, reduce your costs—and increase the comfort, safety and value of your commercial property. Smarter, Easier than Traditional, Credit -Based Financing Leverage Off Balance Sheet Capital Enhance Property Value Maximize Net Operating Income (N01) Improve Energy Efficiency Enjoy Nonrecourse Financing Property Types - Office Retail l Multifamily Mixed Use Warehouses Simple to start saving now Apply online or by phone in minutes, with fast approvals Flex Space Mills Light Industrial Power Plants Agricultural Select your terms, sign your financing documents save Money. Save Energy. Retain capital with 100% project financing of eligible improvements with fixed terms up to 20 years Improve property cash flow and value with no cash outlay If property is sold, property tax assessment may be transferable to the new owner upon sale' Off balance sheet Special tax can be passed through under most net leases No personal guarantees, covenant requirements or review of financials needed to qualify Minimum 10% equity in property • Property taxes paid on time during the last three years or period of ownership Mortgage current at approval No involuntary liens on the property Not in bankruptcy Complete your efficiency or hurricane protection upgrades, we pay your contractor ' YgreneWorks payments are incorporated into and repaid as part of your property taxes which are legally transferable upon sale; however, some mortgage lenders may require Full repayment of the special tax upon sale or refinance. Make payments through your property taxes Hely!' f•im..1 ht, •,is YgreneWorks.com 1 855.965.7283 20009 FL -12-1F fgrenewo R KS Brandsvart USA Casc Study "PACE'S credibility and proven track record make it the clear choice to upgrade our stores from both a business and an environmental perspective.," — Larry Slnewitz, Executive Vice President of BrandsMart, USA "Last year's Palmetto Bay project was the largest in the state and in short order, we've eclipsed that [with the Miami Garden store], underscoring our commitment to Florida and to pioneers like BrandsMart that are forging a safer, more adaptive future for the Southeast." — Ygrene President & CEO Stacey Lawson BrandsMart USA Palmetto Bay, FL Upgrades Enhance Customer Experience and Building Value BrandsMart. one of the nation's largest appliance retailers, has been an active proponent of energy efficiency and a role model for the use of PACE funding. In 2014, Ygrene provided $2.1M in funding for upgrades at BrandsMart's Palmetto Bay store. Enhanced heating and cooling equipment, LED lighting, and modifications to the energy control system are projected to save BrandsMart's Palmetto Bay location $135,000 annually In energy costs; $195,000 in 2015 in energy, operations and maintenance costs; and $1.5 million In maintenance over the life of the measures. $2.1 million PROJECT VALUE 34% ENERGY SAVINGS BrandsMart USA Miami Gardens, FL Retailer's Second Project Breaks Its Own Record for PACE Funding At BrandsMart's Miami Gardens store, the Southeast U.S.'s largest commercial PACE protect was completed In 2015. BrandsMart Installed LED lighting, added an energy- efficient roof, and upgraded its HVAC equipment. Backed by YgreneWorks and implemented by ABM Industries and Tremco, the facility -wide energy conservation project cost $3.1M and stands to save $310,000 annually. $3.1 million PROJECT VALUE 35% ENERGY SAVINGS YgreneWorkstM for Commercial Properties The award-winning YgreneWorks program offers 100% no money down property assessed clean energy (PACE) financing for energy efficiency. renewable energy, hurricane protection and electric vehicle charging stations. Eligibility is based on property equity—no capital outlay, guarantors, and no financial qualifications or covenants, Low fixed payments are spread out for up to 20 years and repaid through a property tax assessment that may be transferable upon sale or refinance.' Now it's easier and more affordable than ever to improve your cash flow, reduce your costs—and increase the comfort, safety and value of your commercial property. Smarter, Easier than Traditional, Credit -Based Financing Leverage Off Balance Sheet Capital Enhance Property Value Maximize Net operating Income (Nol) Improve Energy Efficiency Enjoy Nonrecourse Financing Property Types Office Retail Multifamily Mixed Use Warehouses Flex Space Mills Light Industrial Power Plants Agricultural Save Money. Save Energy. Retain capital with 100% project financing of eligible improvements with fixed terms up to 20 years Improve property cash flow and value with no cash outlay If property is sold, property tax assessment may be transferable to the new owner upon sale' Off balance sheet, property tax -based financing may result in improved tax treatment' Special tax can be passed through under most net leases No personal guarantees, covenant requirements or review of financials needed to qualify Mortgage and property taxes current at approval No involuntary liens on the property Not in bankruptcy YgreneWorks payments are incorporated into and repaid as part of your property taxes which are legally transferable upon sale; however, some mortgage lenders may require full repayment of the special tax upon sale or refinance. 2 Ygrene does not provide tax advice; consult your tax advisor. �nl[ Yg.pne uni.l. • • I YgreneWorks.com 1855.955.7283 10U0q-I-L-9-Ih rnewoRK„ for homeowners Energy Efficiency and Hurricane Protection Financing Made Easy Ygrene has partnered with your city or county to bring you YgreneWorksm—an award-winning, no money down property assessed clean energy (PACE) financing program that can be used for a wide variety of energy efficiency, renewable energy, hurricane protection and electric vehicle charging station upgrades. Save energy, Improve your comfort. Increase the value of your property, Now is the time to make the home improvements you've been dreaming about. Ask your Ygrene Certified contractor for more information today! It's Simple to start saving now Apply through your certified contractor No Money Down 100% Financing Based on Available Home Equity No Payments for Up to 29 Months with ExtendPay' Select your terms, sign your financing documents Complete your efficiency or hurricane protection upgrades, we pay your contractor Make payments through your property taxes Subject to underwriting guidelines and approvals; deferral of first payment depends on date of funding; ExtendPay is subject to availability'According to Residential Energy Services Network. the market value of a home increases by $20 for every $1 decrease in annual energy costs (www.resnet.us). 'Property taxes are legally transferable upon sale, however, mortgage lenders may require full repayment of the special tax upon sale or refinancing, 0: How can YgreneWorksTM work for me? A: According to the EPA, improving your home's energy efficiency can help to lower high energy bills, improve comfort and reduce greenhouse gas emissions. And by saving energy, you may be able to increase the value of your home., Making energy efficiency, renewable energy and hurricane protection improvements to your home or business is easy and affordable with no money down YgreneWorks PACE Financing. Q: What is PACE financing? A: Named one of the top 20 "world -changing" ideas by Scientific American magazine, PACE (property assessed clean energy) is a simple and effective way to finance energy efficiency, renewable energy and hurricane protection upgrades to buildings. Payments are made through a special assessment added to the property's tax bill and repaid with terms of up to 20 years depending on service area and type of improvement, State and local governments approve PACE financing programs to help create jobs, promote economic development and protect the environment. While PACE programs are enabled by state legislation and must be approved by your local government, YgreneWorks is not a government program. 4: Is making payments through my property tax bill a good idea? A YgreneWorks PACE financing payments are approved under Florida State Statue 163.08 and secured by a continuing lien on the property, If you sell your property, payments may transfer to the new owner, just like your property taxes.' 0: How do I qualify? A: It's easy. If your property is in one of our active service areas, your Ygrene certified contractor can get you preapproved online in just a few minutes at no cost. Eligibility is based on the equity in your home (among other factors), and not on your credit score, proof of'employment, income or financial statements. While we won't use your credit score to determine your eligibility for financing. we will pull your credit report to confirm certain underwriting criteria, Replace your air conditioning system. Upgrade to energy efficient windows, doors, roofing and insulation, Install solar. Replace your water heater. And more. Visit ygreneworks.com/improvements for a list of PACE - eligible upgrades. Solar Panels Roofing Water Heater Heating & AC Solar Panels (2) Lighting Pool Pumps & Solar Heaters 0 SI Sea Walls Air Filtration Insulation YgreneWorks.com 1866.634.1358 t-' 2017 Ygrene Energy Fund. All rights reserved. 40026 -F1 -RM -6 -17 .grenewoRKs for homeowners Florida Toy 6 Property Owner FAQs What is YgreneWorksTM? Ygrene Energy Funds award winning YgreneWorksT"•' program provides 100% no money down PACE financing for energy efficiency, renewable energy and hurricane protection improvements for your home or business. Payments are conveniently made through your property tax bills. Eligibility is based on the equity in your property (among other factors), not on your credit score. proof of employment, income or financial statements. Payments can be spread out over 20 years, and your first annual payment may be deferred for up to 29 months with ExtendPayr. With YgreneWorks, you will save energy and may save money while making your home safer and reducing greenhouse gas emissions in your city. While PACE programs are enabled by state legislation and must be approved by your local government, YgreneWorks is not a government program. How can I use the funds? Hundreds of eligible improvements qualify, including installation costs. Install that solar system you've always wanted. Replace your air conditioning system and water heater. Improve your home with new windows, doors, roofing and insulation. Visit ygreneworks.com/improvements for a list of PACE -eligible improvements. Ismaking payments on my property tax bill a good idea? YgreneWorks PACE financing payments are approved under Florida State Statue 163.08 and secured by a continuing lien on the property. If you sell your property. payments may transfer to the new owner, just like your property taxes.' When will I make my first payment? Your first payment (and all future payments) will be incorporated into your property taxes. and will appear as a line item on your annual statement delivered by your County Tax Assessors office. The date it will appear on your property tax statement for the first time depends on the date your PACE improvement contract is funded. PACE improvements funded on or before June 30th of this year will appear in this year's property tax statement Projects funded after June 30th of this year will appear in next year's property tax statement. What is my payment schedule? Your annual PACE assessment will be added to your property taxes as a line item on your annual statement. You can pay in one of two ways: 1, Pay the property tax bill directly to your tax collector on the due date (lump sum installments paid annually). 2. Increase the amount contributed to your existing escrow account (or set up a new account) with your mortgage lender or servicer. After your project is funded, you will receive a final closing statement from Ygrene. If you want to escrow your PAGE financing payments through your mortgage escrow account, send the final closing statement to your lender or servicer and ask them about increasing the reserves in your existing escrow account (or set up a new account) based on your estimated annual special assessment amount. For further questions, contact your lender or servicer. How do I get started? Getting started is easy. Simply visit ygreneworks.com to find a Ygrene Certified Contractor near you, or contact a Ygrene customer service representative at 866.6341358. SOtlect to underwriting guidelines and approvals; deferral of first oayrnent depends on the date of fundrno: Enterrdr3ay rs subleot to taxes are legally transfer =rh,lr ri-rnr% :ale. however, mortgage lenders may require full reeayment of the special assessment upon saps or r, 1,01 YgreneWorks.com j 866.6341358 :%a 2017 Ygrene Energy Fund. Ail rights reserved 4004t•FL-047 *enewo R KS for your community Ycrcnc Overview Ygrene Energy Pund is the nation's leading provider of residential, multifamily and commercial property assessed clean energy (PACE) financing, Our award-winning YgreneWorksT'4 program provides immediately accessible financing with no upfront payments for energy efficiency, renewable energy, water conservation and, in certain locations, electric vehicle charging stations and seismic upgrades_ Adding Ygrene to your city or county's environmental program can potentially help create more local jobs, stimulate the local economy, achieve mandated CO, reduction targets and help your constituents save energy and lower their utility bills. Ygrene's experienced financial experts, top operational and funding teams, and locally connected area managers are focused on providing best -in -class consumer protections and service to deliver an effective PACE program that can help generate measurable results—and more choice in PACE financing --for your community. Together, we're cornrnited to making it easier for families and business owners to invest in their future and a healthier environment. Learn more at ygreneworks.corn. Consumer Protection When it comes to protecting property owners, Ygrene sets the bar higher. By our adoption of PACE Nation's Consumer Protection Policy, we are committed to upholding the highest standard of PACE financing practices in the industry Economic Stimulus Ygrene can help your community achieve the triple bottom line: creating jobs. building the economy and reducing carbon impact. Environmental Benefit From solar panels and wind turbines to low -flow plumbing and drip irrigation, Ygrene funds hundreds of environmentally friendly energy and water saving improvements to fit your community Dedicated Team Ygrene manages every aspect of the Program with oversight by government staff—a true turnkey service with a dedicated team that doesn't impact local Jurisdiction budgets or resources. Zero Cost to Local Government Because Ygrene pays for all costs associated with Program implementation, including staffing and marketing, and provides all project funding, there is zero cost to local cities and counties for local administration, Program Impact Statistics Interest Rates Property Types Cost to Participating Governments Financing Terms Projects Completed Nationwide Min/Max Financing Requirements Ygrene Founded Government Sponsor(s) Judicial Validation Ygrene Quick Fact Sheet* Program Website 'Current as of 12/31/16 2010 320+ jurisdictions across 4 states: California, Florida, Georgia, Missouri Zero 31,981 projects totaling over $688 million* 'Approved and completed as of 12/31/16. Jobs Created & Sustained =10,320+ Economic Stimulus = $1.7 billion Utility Bill Savings = $1.3 billion Solar Installed: 43 megawatts GHG/CO2 Emissions Abated: 826,000 metric tons Water Conserved: 2.9 billion gallons Insurance Claims and Premiums Saved: $12.2 million* 'Based on Ygrene proprietary model sourced with data from FLOIR 2014 Hurricane Summary Report and FLOIR 2008 Florida Residential Wind Loss Mitigation Study Report. Ygrene proprietary model based on data sourced from UC Berkeley Lawrence Hall of Science and ECONorthwest Economic Impact Analysis of PACE Programs (April 2011). Statewide districts formed and validated in CA and FL Residential & Commercial (single family, multifamily, retail, industrial, agricultural and nonprofit) $2,500 minimum up to 15% of property value; LTV (including mortgage + PACE) cannot exceed 100% of property value 5, 10, 15, 20 year terms available in all Ygrene service areas, not to exceed useful life of the improvement; 25 and 30 year terms available on certain improvements in select areas. Residential: 6,50% - 8.49% Commercial: 6.49% - 7,99% Rates subject to change. www.ygreneworks.com YgreneWorks.com 1 707.236.6655 41, 2017 Ygrene Lem gy Fund. ACI rights reserved 4<joiv 2.11 fgrenewo R KS for your community Ygrcne Overview Ygrene Energy Fund is the nation's leading provider of residential, multifamily and commercial property assessed clean energy (PACE) financing. Our award-winning YgreneWorksi" program provides immediately accessible financing with no upfront payments for energy efficiency. renewable energy, water conservation and, in certain locations, electric vehicle charging stations and seismic upgrades. Adding Ygrene to your city or county's environmental program can potentially help create more local jobs, stimulate the local economy, achieve mandated CO; reduction targets and help your constituents save energy and lower their utility bills. Ygrene's experienced financial experts, top operational and funding teams, and locally connected area managers are focused on providing best -in -class consumer protections and service to deliver an effective PACE program that can help generate measurable results—and more choice in PACE financing—for your community. Together, we're commited to making it easier for families and business owners to invest in their future and a healthier environment. Learn more at ygreneworks.com, Consumer Protection When it comes to protecting property owners, Ygrene sets the bar higher. By our adoption of PACE Nation's Consumer Protection Policy, we are committed to upholding the highest standard of PACE financing practices in the industry. Economic Stimulus Ygrene can help your community achieve the triple bottom line: creating jobs. building the economy and reducing carbon impact. Environmental Benefit From solar panels and wind turbines to low -flow plumbing and drip irrigation. Ygrene funds hundreds of environmentally friendly energy and water saving improvements to fit your community. Dedicated Team Ygrene manages every aspect of the Program with oversight by government staff—a true turnkey service with a dedicated team that doesn't impact local jurisdiction budgets or resources. Zero Cost to Local Government Because Ygrerie pays for all costs associated with Program rmpIernentation, including staffing and marketing, and provides all project Funding, there is zero cost to local cities and counties for local administration. Interest Rtes Cost to Participating Governments Program Impact Statistics Judicial Validation Property Types Min/Max Financing Requirements Financing Terms Projects Completed Nationwide Government Sponsor(s) Ygrene Founded Ygrene Quick Fact Sheet* Program Website 'Current as of 12/31/16 2010 320+ jurisdictions across 4 states. California, Florida, Georgia, Missouri Zero 31,981 projects totaling over $688 million, `Approved and completed as of 12/31/16. Jobs Created & Sustained = 10,320+ Economic Stimulus = $1.7 billion Utility Bill Savings = $1.3 billion Solar Installed: 43 megawatts GHG/CO2 Emissions Abated: 826.000 metric tons Water Conserved: 2.9 billion gallons Insurance Claims and Premiums Saved: $12.2 million* 'Based on Ygrene proprietary model sourced with data from FLOIR 2014 Hurricane Summary Report and FLOIR 2008 Florida Residential Wind Loss Mitigation Study Report. Ygrene proprietary model based on data sourced from UC Berkeley Lawrence Hall of Science and ECONorthwest Economic Impact Analysis of PACE Programs (April 2011). Statewide districts formed and validated in CA and FL Residential & Commercial (single family, multifamily, retail, industrial, agricultural and nonprofit) $2,500 minimum up to 1S% of property value; LTV (including mortgage -I- PACE) PACE) cannot exceed 100% of property value 5. 10, 15, 20 year terms available in all Ygrene service areas, not to exceed useful life of the improvement; 25 and 30 year terms available on certain improvements in select areas, Residential: 6.50% - 8.49% Commercial: 6.49% - 7.99% Rates subject to change. www,ygreneworks.com YgreneWorks.com 1 707.236.6655 r., 2017 Ygrene Energy Fund. AlI',yli s reserved. Iti r, r I l grene energy efficiency financing made easy Introduction 3 Quick Facts 4 Overview 5 Recognition and Awards 6 Impact Metrics 7 Background .8 How it Works 9 Consumer Protections 10 Contractor Management andOversight.... ................... . .........11 Offices and Staff 13 Eligible Improvements & Guidelines a 14 Case Studies 1 Residential 19 Case Studies 1 Multifamily & Commercial 21 virgrens delivers best in class PACE financing and is committed to ensuring a higher level of consumer protections and a commitment to making it easy for families to invest in their future and a healthier environment. Imagine what we can do. Millions more in kcal economic investment, more local green jobs, more energy savings -and more choice in energy efficiency and hurricane protection financing. Ygrene Energy Fund (Ygrene) is the nation's leading provider of residential, multifamily and commercial property assessed clean energy (PACE) financing. Together we can help increase the value of homes and commercial buildings across Clean Energy Green Corridor member communities, create jobs, stimulate local economies, help save energy, lower utility bills, reduce insurance premiums and make a positive impact on the environment. Ygrene's award winning Ygrene Works"" PACE financing program provides immediately accessible financing with no upfront payments for energy efficiency, renewable energy and hurricane protection upgrades. Ygrene ensures property owners not only have access to some of the lowest rates and fees in the industry, but greater choice in energy efficiency and hurricane protection financing options. Ygrene's team of experienced financial experts, top operational and funding teams, and locally connected account managers are focused on providing a higher level of commitment to consumer protections and service to deliver an affordable PACE program that generates measurable results for your community -quickly and effectively. Consumer Protection When It comes to protecting property owners, Ygrene sets the bar higher. We're committed to upholding a higher level of commitment to consumer protections and PACE financing practices in the industry. Economic Stimulus Ygrene helps member communities achieve the tilple bottom line: creating jobs {people). local economies (profit), and reducing carbon impact (environment) Environmental Benefit From energy efficient windows and doors, to water heaters and air conditioning systems, Ygrene funds hundreds of hurricane protection and environmentally friendly home Improvements to fit your community. Dedicated Team Ygrene manages every aspect of the Program with oversight by government staff --a turnkey service with a dedicated team that won't impact local jurisdictions' budget or resources, Zero Cost to Local Government Because Ygrene pays for all costs associated with Program Implementation, Including staffing and marketing, and provides all project funding, there Is aero cost to local cities and counties for local administration. Cost to Participating Governments Properties Improved Founded Florida Office Opened Government Sponsor(s) Program Impact Statistics (estimated) Judicial Validation Property Types Quick Facts Minimum Financing Maximum Financing Interest Rates Financing Terms Program Website August 2010 1 August 2013 341+ jurisdictions across 4 states: statewide districts/boards formed and validated in California and Florida (Georgia and Missouri, pending). Zero 31,310+ properties improved totaling over $805 million in approved and completed projects (as of 03/31/17) nationwide, Jobs Created & Sustained = 12,080+ Economic Stimulus = $2 billion Utility Bill Savings = $1.6 billion Solar Installed; 50 megawatts GHG/CO2 Emissions Abated = 966,000 metric tons Water Conserved = 3.4 billion gallons Insurance Claims and Premiums Saved = $28.8M' for 6,669 property owners Ygrene proprietary model based on data sourced from UC Berkley Lawrence Hall of Science and ECONorthwest Economic Impact Arialysls of PACE Programs (April 2011). Statewide districts formed and validated in CA and FL Both commercial and residential financing available (Single family, Multifamily, Retail, Industrial, Agricultural and Nonprofit) $2,500 - Residential & Commercial 15% of property value; LTV (including mortgage + PACE) cannot exceed 100% of property value Residential and Commercial: 7.40% - 8,06% Rates subject to change. 5, 10, 15, 20 year terms available in all Ygrene service areas, not to exceed useful life of the improvement; 25 and 30 year terms available on certain projects in selected areas in CA, www.ygreneworks.com "Insurance claims saving estimate is based 4n d Ygrene prc>Err'eta y model sourced with data from the FLOIR° 2014 Hurricane Summary Report and FLOIR's 2008 Florida Residential Wind Loss Mitigation Study Report 4 +,RLNi We"RF'- 1t-�0 II, pill As the pioneer of an innovative lending platform that led to one of the first PACE programs in the United States, Ygrene continues to advocate for PACE programs across the country, working at both the state and national levels to develop and build greater awareness of the positive impact of this form of energy financing. Over the past six years we have developed deep expertise in forming, adrninistering and funding special tax (CDF) and special assessment PACE districts in California, Florida, Georgia and Missouri, and in originating, financing and supporting customers on residential and commercial PACE - eligible projects. While we are known as leaders in the commercial and multifamily PACE marketplace, the majority of the projects we fund are residential home improvements. As our business model has evolved over the years, and through the combination of a virtually unlimited source of capital, a wealth of financial expertise and strong relationships with industry leaders, we are now in a position to become the leader in both residential and commercial turnkey PACE set up, administration and financing across the United States. Florida Jurisdictions (March 51st) Our growth in Florida continues at an unparalleled pace. Ygrene has partnered with the Clean Energy Green Corridor to make the YgreneWorks program available to every city and county in the state. The Clean Energy Green Corridor is an independent statewide PACE district which was established under Florida state law in order to offer Florida municipalities a zero cost method of offering PACE financing to their constituents. By joining the Clean Energy Green Corridor, cities and counties can achieve the many benefits of 'PACE— economic development. job creation, environmental sustainability goals—without taking on the district formation and administration oversight associated with operating a PACE district. The Clean Energy Green Corridor presents no risk of liability and requires no cost or staff time on the part of cities and counties. Currently we have successfully partnered with over 94 cities and counties across the state impacting more than one-third of Florida's population. OPERATi©NAL IN 85+10 CITIES COUNTIES ON AGENDA 1+2 CITY COUNTIEh UNDER REVIEW B+22 -Mss Vr?UNrit' PEOPLE 7 400K t PEOPLE 8:1111111 PEOPLE 94+34 CITIES COUNTIES • .1MT PEOPLE Edison Award, CLIrd:i Best Clean Energy Finance Model, WISH h 'ARIS Edison Universe Ygrene was awarded an Edison Award, Silver, in 2012 for generating large-scale economic benefits and substantial job creation for municipalities while allowing property owners to fund green retrofits without a sizeable capital commitment. The Edison Awards. named after Thomas Edison (1847-1931), are among the most prestigious accolades honoring excellence in new product and service development, marketing, human- centered design and innovation, Screw Business as Usual Award, l Virgin Unite with Sir Richard Branson and Carbon War Room and the United Nations Foundation The Screw Business as Usual Award was presented to Ygrene Chairman and Founder Dennis Hunter for demonstrating that doing what's right for the planet makes good business sense. CI.lttnn:('iwr r 11t1.NIu-s,S, Ir )011NAI. Business Model Innovation: Energy Efficiency Silver, Climate Change Business Journal Ygrene was selected in 2012 for the honor of Business Model Innovation for outstanding business achievement in the climate change industry. CLINTON FOUNDATION ›r Certificate of Recognition, U.S, tiv of Energy, Solar Decathlon 2013 and XPO Ygrene received a Certificate of Recognition by the City of Irvine for supporting the U.S. Department of Energy Solar Decathlon 2013 and XPO which provided an international showcase for innovation, technology and design, and delivered educational experiences to more than 63,000 people. SULAR DECATHLON Commitment to Action, Clinton Global Initiative Ygrene made a formal Commitment to Action through the Clinton Global Initiative to revitalize communities and create employment opportunities by expanding access to PACE financing for commercial and residential property upgrades across the U.S. We are proud to report that we are close to meeting our commitment of launching 10 new jurisdictions through the summer of 2015, and financing $400 million in energy efficiency, water conservation, renewable generation and hurricane Protection improvements, Financial Ally, Better Buildings Challenge, U.S. Department of Energy Ygrene was selected by the Department of Energy in 2011 as a financial ally in support of the White House's Better Buildings Challenge. Ygrene joins the ranks of top tier financing leaders, cities and companies committed to energy efficiency that will save billions In energy costs and spur job creation. Ygrene continues to experience substantial growth in Florida in 2017 and momentum is expected to continue into the foreseeable future, As of March, we had completed more than $216 million in residential and commercial PACE projects for over 9,700 property owners, and we had registered and trained more than 1,115 licensed and insured Ygrene Certified Contractors in the state. Over the next five years, we expect to create tens of thousands of local jobs and invest hundreds of millions of private capital into local economies. Projects will range from $2,500 residential HVAC replacements to complex, multi-million dollar commercial projects involving multiple eligible improvements, The positive economic and environmental impact of YgreneWorks PACE financing on Clean Energy Green Corridor Communities is reflected in the graphic below, Estimated impact of $216,430,000' in completed energy efficiency, renewable energy and hurricane protection property improvements across Florida +13 MEGAWATTS OF SOLAR INSTALLED +$541M ECONOMIC STIMULUS +3,240 NEW JOBS CREATED & SUSTAINED 410 11,11`144 Ci +CO2 259K REDUCTION 1 Ttylr_ 1 oris +$22,211 SAVINGS IN INSURANCE CLAIMS l r� +SAVES ENERGY 213K HOME: Ygrene proprietary model based on data sourced primarily from ECONorthwest Economic Impact Analysis of WE Programs. 'Represents total dollar amount (rounded to the nearest $14OKj of PACE contra Is completed by Ygrene as or 3131117. Ygrene Energy Fund was founded in California in 2010 by Dennis Hunter, a financial services veteran and entrepreneur with over 40 years of experience. Securing strong partnerships with several local financial institutions, an award-winning software and an experienced team. Ygrene started offering a turnkey solution for PACE financing in the state. With the early success in California, the next step was to expand to Florida. In 2012, the cities of Coral Gables, Cutler Bay, Miami, Miami Shores, (grene ':. ]allot+11,V 'nunded tl. Ghon Energy Groan Corridor District It For Med tjit t4 Funds hr3t PACE preoncl In Florida Yerene finances &IM In piercers In Florida Fast forward three years later, Ygrene has become the market leader In Florida funding over $163M for more than 7,080 properties. Due to its rapid expansion into the more than 81 cities and counties that have now joined the Clean Energy Green Corridor District, Ygrene has now opened a second location in Miami with a state of the art call center to serve the growing number of property owners and contractors who trust in Ygrene's flexible, transparent PACE financing. mt Completes SISDNI secunttaatlen Rakes add- SIAM operating capital Reaches 550M In funded prayect.r rel over 119(]6 prope rt w 0 DIVr-rnt rnache5 5M people rlsr2s'i the state Reaches 163M funded m nag projects Reaches 5216M fu ndeo In S.100 proiects Santa Rola corporate HO opens $50 01,1 District Rnlses band Is .%surd $3011 epudy In Florida Completes 500 residential and ercrai ptolee is talalomj S16M r Marin Palmetto Bay, Pinecrest and South Miami created the Clean Energy Green Corridor District and selected Ygrene as the exclusive administrator of the program. With a $500 million bond issuance in 2013, Ygrene was ready to start offering residential and commercial property owners financing for energy efficiency, renewable energy and hurricane protection property improvements in Florida, financing its first project in August of that year, 8 Completes largest PACE protea In FL f52 aM1 F9rm3 S1SOM syndicated credit facility '154M Completes S329M setunneataons with first AAA rating Raises add- S3gM aoent,ng capital AAq Mr Inv O15Lrtt reatnes TM ppolJln arms% the state To date, Ygrene has raised over $825M in committed capital and funded more than $805 million in improvements across the US and plans to expand its operations to 6 states across the country this year. "Ygrene's program makes it possible and affordable for property owners to access funds to upgrade buildings for hurricane protection and energy efficiency. With insurance and utility costs rising, l am proud that we have been able to make this program a reality and the positive impact it will have on our community," - Tomas Regeledo, Mayor of Mlamr Ygrene is both a pioneer and leader in the PACE industry and our mission is to make these types of upgrades affordable and accessible to every property owner. Presently, Ygrene is providing PACE financing in multiple states and in keeping with our mission, has the goal of becoming a truly national firm. As such, the company has committed adequate capital to the development and operation of programs in new markets across the U.S. and if selected will dedicate the necessary funds to form a program with your municipality. Props ril+OITIICr5 pn•I• 9rohrdl PACE i(1• "ali('ssrr,Fnr ksEsyn12•nr Nll,s (ltlfli111252 12on ITC RICE Astnrs .ssuo❑ (111(2 su'U+a-ssir,,ns+rl py WAX! Ia l 2 222 Oi 22njJr11rrlrl/,1 FA, PACE Ascot I isa l Cls Droprty L7W114+! NICE Irapa pas-! Cc utlly Ti>: Collector (Vgrene rl 1912,E 41:vrt surer la SPE bF u,lrptirkm rt .16 Wrllnlr9tlj,nvmenh h. )tlr two or22. CP4121i 25 ur ph.ri J {pr2r cknm para to SPE �f 0',1)C511, t+ciCurvlr rive.( [rr.U:uFr., 111,211 m `onhur oo 1or PAC irnrnlrt'rnrnP f u rrur i 7 1t1rI IIC13lr Fi(11nriflt SS:!VltCS ASzerrlenl AcIrnini5tratot and Schleps! Fees Zlcrns Hank (EL bond 1114!I(2 CA Fscl(w Ayenl C❑Itatr, d Cu1tutll.an) Air (•Gt. (1(.r r lrl^d r'r SPE rnnlrrilrrrtt,r t, n(lrar r,rlprt ,j11 Ithr9 1r rV, IN nrrd•+(S r rr PACT Assets .(ram ellrwW PGyl11rn15 2221. 21CI 5 12M111 Sk'F OL,+pn sn 112 ux,nr L2+ncic•Isi ISank Part 11 •r'r Tab payment Mows - Assels/x110 As 112201 -- thipinel{on F414d1l2) - CDWn4 To, CbllrG rpr ow PACE 1r7. ASS(sil1ln1' r.r,1k•, !2222,5 sir 51(222122 05(1011 Jrr,2 52 Orl,tittliatr.11.01 I26 20 asicssarms/ *IWO) i51r2rl0011 Ygrene's operating capital, including funds that are available by establishing new programs, has been sourced by founder and institutional equity, including a $35 million operational growth capital line, 9 In August 2016 Ygrene adopted an enhanced version of the PACENation Version 1,0 Consumer Protection Policy. This poiicy formally codified the Customer Assurance and Protections that Ygrene already had in place, extending the strongest standards in the industry to all Ygrene customers, Contractor Quality Assurance DQPR and insurance screening • Training and certification • Watch lists, contractor reviews, ongoing skill assessment and monitoring Program Quality Assurance • Ongoing GC and review of PACE Assets to validate accuracy and integrity of system, contract, underwriting, financing, processes and data Consumer Assurances and Protections 10 1 Financing Practices Review of eligible measures ■ Strong underwriting • Identity verification * Right to cancel • Transparent terms & fees ▪ 'Know Before You Owe' Disclosures Approvals and Payment Protection Payment protection via property owner and contractor authorizations ▪ Permit verification & third -party inspections Privacy and Data Security • Protections and controls safeguard sensitive consumer information • Cyber -security standards protect points of vulnerability Dispute Resolution • staff trained to receive, manage. track, report and resolve complaints quickly Protected Classes • Verification by phone with all customers "Thanks to Ygrene's affordable financing, my family and I now have new windows; my house looks beautiful, my fancily feels safe, and I'm saving around $70 per month on my electricity bills." - Ana Ceballos, Homeowner, Miami -Dade County r Ygren Certified CONTRACTOR EDUCATION Contractor Management Over 1,115 actively engaged contractor companies are trained and certified to represent Ygrene's Programs across Florida. To maintain Ygrene Certified Contractor status, contractors must: Register, undergo verification and remain in good standing with active licensing and classifications, workers compensation and any corresponding liability insurance coverage through the Florida Department of Business and Professional Regulatlon(DBPR); Maintain a reasonable level of consumer Feedback that reflects positively on sites such as Better Business Bureau, YELP, Angie's List and other consumer review platforms; Attend ongoing trainings with their assigned Regional Account Manager (RAM); Maintain proficiency with Ygrene's project management and tracking system Contractor Oversight We have created policies to ensure contractors properly inform property owners about the YgreneWorks program and that property owners have a clear understanding of the details of their financing. Certified Contractor Code of Conduct All contractors agree to abide by the Code of Conduct or be terminated for non-compliance Program Disclosures Certification All contractors agree to review key financial disclosures with property owners and affirm that each has been explained to their satisfaction Recorded Outbound Calls to All Property Owners Ygrene perforins recorded calls to all property owners to confirm the contractor has properly disclosed the details of their financing Contractor Watchlist Ygrene's contractor compliance process involves maintaining a Contractor Watchlist and ensuring all contractors are operating properly under the Program "All of our customers want the peace of mind that comes from having impact windows when the next hurricane hits - but paying for these upgrades has always been tricky. Now that we can provide Ygrene's PACE financing, customers feel like they can finally afford these improvements." - Javier Avila, American impact Windows & Dooi s • , i- r ' l l: . • In, n Inn' Ygrene's Florida headquarters are in Coconut Grove, FL with an additional office in the City of Doral, Our corporate office is located in Petaluma, California. Ygrene employs 265 full-time and contract staff members organized around five functional areas: 1 Government Relations and Community Engagement The Government Relations team works directly with elected officials, staff and community stakeholders in the cities and counties to become members of the Clean Energy Green Corridor District and approve the YgreneWorks program, This team of policy and program professionals perform a number of functions, from obtaining approvals of the program resolutions to answering questions, solving problems and contributing their expertise at local events and forums, Ygrene's National Market Development & Government Affairs team, led by Mike Lemyre, is comprised of almost twenty staff and another twenty-five to thirty external consultants and advisors. In Florida we have a team of four professionals supported by one corporate team member that address a range of policy and program items, 2 Marketing, Sales and Operations Our Marketing team , led by Peterr Carrell, has created a comprehensive marketing and communications strategy for generating awareness and education among contractors and property owners. A complete package of branded marketing, educational and outreach materials can be customized to meet the needs of each jurisdiction and deliver more projects for the community. Marketing campaigns roll out in three phases: l) media relations/community outreach, 2) contractor training and direct sales, and 3) general digital, social, content and event marketing and advertising. Our team of local and centralized public relations, digital marketing, communications, channel managers and graphic design professionals continues to grow to meet the needs of our community partners and customers. 12 3 Sales and Call Center Operations Ygrene's Sales and Operations organizations make up the largest share of our employee base with more than 15 Regional Area Managers and more than 25 call center staff members in Florida alone, From our friendly, knowledgeable customer service representatives to our underwriters, pipeline managers, funding administrators and operational support staff, our call center and operations teams work seamlessly together to: 1. Register, certify and train contractors on the unique benefits of the Program; 2. Support property owners through the application and approval processes: and 3. Ensure timely and effective funding of PACE - eligible improvements. 3 Shared Services Members of our Shared Services organization, which includes human resources, corporate training, IT, finance, legal counsel and tax services, are centralized at Ygrene's corporate offices in California. Executive Ygrene's senior management team is comprised of environmentally conscious finance professionals passionate about making the world a safer and healthier place. Ygr'ene currently operates out of the following offices in Florida: Corporate (Florida) 3390 Mary Sti eet, Suite 124 Miami, FL 33133 CaII Center (Florida) 7200 Corporate Center Drive, Suite 502 Miami, FL 33126 Corporate HQ 2100 S. McDowell Blvd Petaluma, CA 94954 In order to qualify for Ygrene funding, all projects must: Meet or exceed applicable local, state, and federal codes and standards; In California. comply with Title 24, Part 6, Subchapters 1. (General Provisions); 2. (Mandatory Requirements for the Manufacture, Construction, and Installation of Systems, Equipment and Building Components); 7. (Mandatory Features and Devices); and 9. (Additions and Alterations in Existing Low -Rise Residential BuiIdngs): Be installed by Ygrene-certified contractors or participating property owners; and Be installed in accordance with manufacturer recommendations. Residential PRODUCT TYPE REQUIRED CONTRACT DETAIL PRICING GUIDELINES MAX TERMS (YEARS) STATE Alternative Energy Advanced Energy Storage Systems Co -generation System Electric Vehicle Charging Station Fuel Cell Power System, Stationary PACE Wind Turbine N/A N/A Power supply;110V, 220, Direct DC Power output c 40 kW output Power output (kW) Call Call $2,500 815,000/kW $45,000/system 10 20 5 10 20 CA, FL CA, FL CA, FL CA, FL CA, FL building Envelope Air Sealing Cool Roof Installation % Reduction Square footage (roof) Roof type: built-up, membrane PVC, modified bitumen, metal, asphalt shingle, applied coating, concrete tile, clay tile, wood shake bare Indicate which applies: Provides min V' airspace between roof deck and roofing; Insulates attic to minimum R-38; Seals and insulates attic ducts: Provides radiant barrier; Provide min R-4 roof deck insulation 811,250 built up: $6,25/sf membrane PV: $6,1Sfsf modified bitumen: 85.8541 metal: $14.55/sf asphalt shingle: $15.00fsf applied coating: $9.30fsf concrete tile: $20.00/5# clay tile: $20.65/sf wood shake bare: $10.00/sf 20 CA, FL 30' CA, FL Green Roof Square footage (roof) extensive: $20,00/sf 30' CA, FL Type: extensive, intensive intensive: $30.00/sf Energy Efficient Reflective Coating Solar reflectance > 0,5 $12/sf 20 CA, FL Square footage Insulating Carpet & Padding Square footage Call 10 CA Insulation, Attic R -value 2 38 $8.00/sf 30 CA, FL Square footage Insulation, Siding R -value >1 $15/sf 20 CA. FL Square footage Insulation, Wall Type: batts (open wall), blown -In batts: $10.00fsf 30 CA, FL R -value > 13 blown -in: $13.00/sf Square footage Insulation, Hot Water Pipe Linear feet Call 30 CA, FL R -value > 3.0 Insulation, Urder-Floor Square footage $8.00/sf 30 CA, FL ' 25 and 30 years is only available in CA 13 PRODUCT TYPE REQUIRED CONTRACT DETAIL PRICING GUIDELINES MAX TERMS (YEARS) Building Envelope (cant'd) STATE Radiant Barrier Electrical Wiring Modernization Weather Stripping Square footage Reflectivity > 0.9 Emittance { 0.1 N/A # Windows # Doors $8.00/sf 20 CA, FL Call 30 CA, FL $100/ea 20 CA, FL Heating, Ventilation, Air Conditioning (HVAC) Air Conditioner, Central Air Conditioner, Central w/Zone Control Air Conditioner. Mini -Split SEER rating z 14 Size (Ton) SEER rating Size (Ton) SEER rating Cooling capacity (kBTU) Air Conditioner, Packaged Terminal N/A (PTAC) Energy Efficient Air Purifier (built-in) N/A Biomass/Pellet Wood Stove N/A Energy Efficient Gas Boiler System N/A Duct Replacement # Ducts Duct Sealing Linear feet Evaporative Cooler N/A Ceiling Fan # Fans Fan, Whole House N/A Furnace Type: electric, gas Heating capacity (kBTU) Energy use (EER) Coefficient of Performance (COP) Heat Pump, Geothermal Heat Pump, Condensing Component Hydronic Radiant Heating System Ventliator, Heat/Energy Recovery Ventilator Fixture, Exhaust Ventilation Fixture, Attic SEER rating Size (Ton) Efficiency Size (kBTU) Efficiency > .82 Size (CFM) # Zones Size (CFM) Size (CFM) $28,220 20 CA, FL $5,000 20 CA, FL <9 kBTU$6,000 20 CA, FL >914 kBTU: $6,300 >14-22 kBTU: $6,500 >22 kBTU: $20,200 $3,000 20 CA, FL $3,000 20 CA, FL $15,000 20 CA, FL $22,000 30 CA, FL 2,500/ea 30 CA, FL $3,00/If 20 CA, FL $2,500 20 CA, FL $1000/ea 20 CA, FL $6,000 20 CA, FL $12,000 20 CA, FL $]',765 20 $12,000 15 $37,000 20 $5,000 25 $1,000 25 $2.200 25 CA, FL CA, FL CA, FL CA, FL CA, FL CA, FL High -Efficiency Water Heating Water Heater, Storage Type: electric, gas Storage size (Gal) Efficiency Water Heater, Tankless Energy factor > 0.9 Max Btu/hr 25 and 30 years is only available in CA 14 130 Gal electric: $2,700 gas: $8,500 >30-50 Gal electric: $3,000 gas: $8,500 >50-75 Gal electric: $5,100 gas: $8,500 >75 Gal electric: $11,500 gas: $8,500 (Energy factor x Btu/hr) x 0,48 20 CA, FL 15 CA, FL PRODUCT TYPE REQUIRED CONTRACT DETAIL PRICING GUIDELINES MAX TERMS (YEARS) STATE High -Efficiency Water Heating (cont"d) Hot Water System Controller Smart Recirculating Hot Water System N/A N/A $1,000 15 CA, FL $2,000 20 CA, FL high -Efficiency Lighting, Appliances LED Lighting Fixture, Indoor LED Lighting Fixture, Outdoor Lighting Control System Energy Efficient Appliances (affixed to property) # New fixtures # Replacement fixtures # New fixtures N/A N/A New: $900/ea Replacement: $400/ea `61,00%a $4,500 Call 20 20 20 20 CA, FL CA, FL CA, FL CA, FL High -Efficiency Pool Equipment Automatic Pool Cover Electric Heat Pump Pool Heater Gas Pool Heater Pool Pump and Motor N/A N/A N/A Pump/motor size (HP) $7,000 $10,500 $10,000 $6,500 20 20 20 20 CA CA, FL CA, FL CA, FL Indoor Water Efficiency Plumbing System Repair Demand Hot Water Appliance Demand Water Softener Faucet Aerators High -Efficiency Faucet Fitting High -Efficiency Showerhead High -Efficiency Toilet Installation High -Efficiency Toilet Fixture Waterless Urinals N/A N/A N/A # Faucets # Faucets # Showerheads # Toilets # Toilets # Urinals Call $1.000 $6,500 $400/ea $1250/ea $950/ea $1500/ea $1200/ea $1000/ea 30 20 20 20 20 20 20 30 20 CA CA CA CA CA CA CA CA CA Outdoor Water Efficiency Artificial Turf Drip Irrigation Drought ,Tolerant Landscaping Gray Water System Gutters (must be accompanied by roof replacement or water collection system) Hardscape (must replace turf or irrigated landscaping) High -efficiency Irrigation Pump High -efficiency Irrigation System High -Efficiency Sprinkler Nozzle Rainwater Catchment System Weather -Based Irrigation Controller Square footage Square footage % Water savings over existing system Water savings N/A Linear feet Type: pavers, decking, concrete Square footage Efficiency Size (GPM) % Water savings over existing system # Nozzles N/A # Stations • 25 and 30 years is only available in CA $20/s1 $10/s f 20 15 Call $10,000 $15/1f 20 20 30 Pavers: $20/sf 30 Decking: $30/sf Concrete: $40/sf Call 20 Call 20 Call Call $1,000 10 20 20 CA CA CA CA CA CA CA CA CA CA CA 15 STATE PRODUCT TYPE REQUIRED CONTRACT DETAIL PRICING GUIDELINES MAX TERMS (YEARS) Outdoor Water Efficiency (cont'd) Sewer Lateral Replacement or Repair N/A Septic -to -Sewer Conversion N/A Call Call 30 20 CA CA Solar Photovoltaic Solar Inverter Solar Panels Solar PV System Solar PV System - Solar Only Net Mechanical/Electrical Adders # Inverters Inverter size (kW) # Solar panels Panel size (W) # Solar panels Panel size (W) Inverter type, string, micro, w/ optimizers # Inverters Inverter size (W) # Solar panels Panel size (W) Inverter type: string, micro, w/ optimizers # Inverters Inverter size (W) $350/kW $1.20/watt $7.50/watt 15 CA, FL 30' CA; FL 30' CA, FL $5.50/watt 30' CA, FL Solar Thermal Solar Pool Heating Solar Water Heating N/A Type: evacuated tube, plastic collector $10,000 $15,000 20 CA, FL 20 CA, FL Windows, Door;, Skylights Additional building openings to provide natural light Door, Energy Efficient Exterior Glass Doors - Sliding Glass Doors _ French Light Tubes Skylights Windows Window Film Window & Door Blinds, interior Window & Door Shutters, Interior Awning, Exterior Awning, Retractable Exterior Patio Covers Shutter, Exterior N/A # Standard doors # Custom doors # Standard doors # Custom doors # Doors N/A # Skylights # Windows # Windows # Interior blinds # Shutters Type fabric, metal # Awnings # Awnings Square footage # Shutters Call Standard: $3,000/ea Custom: $15,000/ea Standard: $4,000/ea Custom: $15,000/ea $7500/ea Call CaII $2500/ea $285/window $400 avg $700 avg Fabric: $1000/ea Metal: $4000/ea $9,000 $60/sq ft $900/ea 20 CA, FL 30 CA, FL 30 CA, FL 30 20 30 30 10 20 20 10 (fabric) 20 (metal) 10 20 20 CA, FL CA, FL CA, FL CA, FL CA, FL CA CA CA, FL CA, FL CA, FL CA, FL Wind Resistant Measures Gable -end Bracing Cable Hold -Downs Foundation Strengthening High -Impact Doors High -Impact Windows N/A N/A N/A # Doors # Windows 25 and 30 years is only available in CA 16 Call Call Call $7,500/ea $2,S00/ea 20 20 20 20 20 FL FL FL FL FL STATE PRODUCT TYPE REQUIRED CONTRACT DETAIL. PRICING GUIDELINES MAX TERMS (YEARS) STATE Wind Resistant Measures (Cont'd) Opening Protections Roof Deck Attachment Strengthening Roof to Wall Reinforcement Sea Walls Secondary Water Barrier Sill Plate Attachment Strengthening Storm Shutters Waterproofing - Basement Membrane Wind Resistant Roofing Wind Resistant Shingles Commercial N/A N/A N/A N/A N/A N/A Dimensions Type: storm panel, accordion, colonial, Bahama, rolldown, hurricane glass Square footage Square footage Square footage Call Varies FL Call 20 FL Call 20 FL Call 20 FL Call 20 FL Call 20 FL Cali 20 FL $20/s t $15/sf $10/sf 20 20 20 FL FL FL PRODUCT TYPE REQUIRED CONTRACT DETAIL PRICING GUIDELINES MAX TERMS (YEARS) AG Irrigation Pumps and Controls Building Control Systems Commercial Kitchen Exhaust Air Volume Control Systems Cooling Condensate Reuse Projects Cooling Towers Cooling Tower Controllers Deionization Equipment Electric Vehicle Charging Station Elevator Motors and Controls Fuel Cell Power Systern, Stationary PACE Fuel Cell Power System, Backup High Efficiency Lighting HVAC Zoning Control Systems Industrial Process Equipment Motors and Controls Industrial Process Water Reuse Projects Lighting Control Systems Pre -rinse Spray Valves Recycled Water Source Projects Refrigeration Case Lighting Including Occupancy Sensors SMART Parking Lot Fixtures SMART Parking Garage Fixtures SMART Project Pathway Lighting SMART Wall Pack Fixtures N/A N/A N/A N/A N/A N/A N/A Power Supply:110V, 22OV, Direct DC N/A Power output 41 - 100 kW output Power output ? 100 kW output Power output (kW) N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 25 and 30 years is only available in CA Call Call Call Call Call Call Call Call Call $600,000 $6,0©0/kW $2,000/kW Call Call Call Call Call Call Call Call Call Call Call Call 20 20 20 20 20 20 20 20 20 10 CA, FL CA, EL CA, FL CA, FL CA, FL CA, FL CA, FL CA, FL CA, FL CA, FL 10 CA, FL 20 CA, FL 20 CA, FL 20 CA, FL 20 CA, FL 20 CA, FL 20 CA, FL 20 CA 20 CA, FL 20 CA, FL 20 CA, FL 20 CA, FL 20 CA, FL 17 PRODUCT TYPE REQUIRED CONTRACT DETAIL PRICING GUIDELINES MAX; TERMS (YEARS) STATE Commercial (cont'd) Solar PV System # Solar panel Panel site (W) Irverter type: string, micro, w/optimiLer, # iriverters Inverter site (w) 'ask Rmoient Lighting Projects Iq/R Wireless Lighting colitrm!o N/A L5 and 50 years is only available in L,v IUUkW: $4.50/watt IUU-4UUKW: $3./5/watt 4UUKW: $3.50/watt SU' LA, FL mall 2u l.A, FL Lail 2U LA, FL Our mission is to make energy efficiency and hurricane protection upgrades easy and affordable for every property owner. $38,000 PROJECT VALUE MIAMI, FL Solar "My husband and I are both retired, so we look forward to having as little financial strain as possible. With Ygrene, we were able to install solar and decrease our energy bills from $200-$300 a month to $20-$40 per month. I don't know why everyone hasn't signed up for PACE with Ygrene," $10,000 PROJECT VALUE GAINSVILLE. FL Roof "Given that we just had a hurricane I was very lucky to have made these improvements in time. We withstood the hurricane and I still have my roof! am grateful for the program." $60,000 PROJECT VALUE MIAMI SHORES. FL Impact Windows & Doors, Roof, Solar Tube, Energy Efficient HVAC system "With these improvements, we are saving over $100 in energy bills every month and saved $3,700 in our property insurance but it's not just the savings. Our quality of life has improved. Since we've made these improvements, my husband is having barbecues on a regular basis. I 19 $49/000 PROJECT VALUE CORAL GABLES, FL Energy Efficient HVAC System, Roof, Solar "Coming home is an absolutely new experience, thanks to the YgreneWorks program. We have a new roof over our heads, solar energy, efficient AC, and soon will have safe impact windows, and a strong new door." $32,000 PROJECT VALUE i1 V ` ificr HOMESTEAD. FL impact Windows & Doors "We got 28 impact windows installed, which would have been a lot of money upfront for this upgrade, but we were able to spread out the payment over 20 years using Ygrene. I'm incredibly grateful for the service Ygrene provided," $25,000 PROJECT VALUE UNINCORPORATED MIAMI-DADE COUNTY, FL Impact Windows & Doors, Energy Efficient HVAC "My single pane windows were a safety- nightmare for my family, but I didn't have the funds to replace them, Thanks to Ygrene's affordable financing, my family and I now have new impact windows, my house looks beautiful, my family feels safe, and I'm saving around $70 per month on my electricity bills.' 20 We enjoy helping multifamily and commercial property owners feel confident about protecting the health and safety of their tenants while making a solid investment in their business. $3.1 M PROJECT VALUE MIAMI GARDENS, FL Lighting "PACE credibility and proven track record make it the clear choice to upgrade our stores from both a business and an environmental perspective." $23,000 PROJECT VALUE CORAL GABLES, FL Roof Replacement "My business was about to go under because I didn't I•iave the money to pay fora much needed roof replacement. Thanks to the Ygrene program 1 was able to finance it and in turn save $2,000 on insurance! Thank you Ygrene for saving my financial life" 1.300139 -Fl. -5-13 21 f•J A Imagine what we can do. jrene energy efficiency financing made easy 2017 Ygrene Energy Fund. All rights reserved. 60029 -FL -5-17 ��rene ENEFIGY FNNO Terrance E. Freeman Government Relations Manager C: 904,449.6267 E: terrance.freeman@ygrene.com Customer Service: 855.965.7283 7200 Corporate Center Drive Suite 500 Miami, FL 33126 ygrene.com l ygrene.com