Comstock's magazine 0119 - January 2019 - Page 60

In 2017, wildfires cost In 2017, wildfires cost In 2017, cost California $500 million California $500 million California million and dozens of lives. and dozens of lives. and lives. PACE is one of the few programs PACE is one of the few programs programs PACE is one of homeowners who want to be better homeowners who better homeowners who want to be wildfire better prepared can utilize to make prepared wildfire prepared can can utilize utilize to make wildfire safety improvements to their properties safety improvements improvements to their properties safety properties with low-cost, long-term financing. with low-cost, low-cost, long-term financing. with financing. PACE is building a more PACE is is building building more resilient and sustainable PACE a a more resilient and sustainable future for and California. resilient sustainable future for for California. California. future As wildfires and natural disasters As wildfires and natural disasters increasingly devastate and As wildfires and natural land disasters increasingly devastate land and properties across California, increasingly devastate land and properties across California, property owners additional, properties across need California, property owners need additional, affordable financing options property owners need additional, affordable financing options to safeguard their properties. affordable financing options to safeguard their properties. Ygrene’s award-winning Property to safeguard their properties. Ygrene’s award-winning Property Assessed Clean Energy (PACE) Ygrene’s award-winning Property Assessed Clean Energy (PACE) program does just that, delivering Assessed Clean Energy (PACE) program does just that, delivering greater for and program does that, greater choice choice just for home home delivering and business owners by providing greater choice for home and business owners by providing accessible and business owners by providing accessible and affordable affordable financing for resiliency, accessible and affordable financing for resiliency, energy energy efficiency, renewable energy financing for resiliency, energy efficiency, renewable energy generation, water efficiency, renewable energy generation, water conserva- conserva- tion and seismic upgrades. generation, water upgrades. conserva- tion and seismic tion and seismic upgrades. Critical Critical legislation legislation passed passed last last year, Wildfire Critical legislation passed last year, the the Wildfire Safety Safety Act Act (SB puts financing year, the Wildfire Safety Act (SB 465), 465), puts PACE PACE financing squarely of of those squarely in front front those who who (SB 465), in puts PACE financing want to be prepared. PACE helps want to be prepared. PACE helps squarely in front of those who homeowners make wildfire safety homeowners make wildfire want to be prepared. PACE safety helps improvements their properties improvements to to their properties homeowners make wildfire safety with low-cost, low-cost, long-term long-term financing. with financing. improvements to their properties The availability financing. of PACE with increased low-cost, long-term The increased availability of PACE financing for millions of Califor- The increased availability of PACE nians for fire, natural disaster financing for millions of Califor- financing for millions of Califor- resiliency, and natural energy disaster efficiency nians for fire, nians for fire, improvements comes disaster at a critical resiliency, and natural energy efficiency resiliency, and energy efficiency time for our state, when improvements comes at broader a critical improvements comes at a critical community-wide is time for our state, participation when broader time for our state, when broader necessary to achieve our climate community-wide participation is community-wide participation is goals and prepare for our deadly, necessary to achieve climate necessary to achieve our climate destructive wildfires, goals and prepare for earthquakes, deadly, goals and prepare for deadly, and other natural disasters. destructive wildfires, earthquakes, destructive wildfires, earthquakes, and other natural disasters. and other natural disasters. Ygrene has provided over $1.5 billion private capital to $1.5 more Ygrene provided over $1.5 Ygrene of has has provided over than 600 local communities, billion of capital to more more billion of private private capital to creating thousands of jobs than 600 local communities, than 600 local communities, and investing millions into creating of local jobs and and creating thousands thousands of jobs economies across the U.S. all investing millions into local investing millions into local at no cost to tax payers or all local economies across the U.S. U.S. all economies across the governments. And unlike tradi- at no cost to tax payers or local at no cost to tax payers or local tional financing methods, PACE governments. And unlike tradi- tradi- governments. And unlike has built in consumer protec- tional financing methods, PACE tional financing methods, PACE tions that in exceed other home has consumer protec- has built built in far protec- improvement financing options. tions other home tions that that far exceed other home improvement options. improvement financing options. And investing in resiliency im- And investing investing in resiliency resiliency im- provements pays huge dividends And im- provements pays huge dividends for communities: According to provements dividends for communities: communities: According to the National Institute of Building for According to the National National of Building Sciences’ Natural Hazard the Institute Building Mitigation Saves study, every Sciences’ Natural Hazard Mitigation Saves study, every wildfire mitigation dollar spent 1 Sciences , every mitigation could save four wildfire dollars property wildfire mitigation dollar spent dollar spent to exceed select damage, death and injury could save four dollars property building codes dollars and work loss saves interruption. damage, death and four injury in property damage, death and work loss interruption. and injury and work loss interruption. In Florida alone, Ygrene has invested over 14,000 In Florida in alone, Ygrene hurricane has In Florida alone, Ygrene has resiliency to date that invested in projects over 14,000 hurricane invested in over 14,000 hurricane could save projects homeowners resiliency to date hundreds that resiliency projects to date of millions dollars in avoided could save of homeowners hundreds that could save homeowners loss in the event of a in natural of millions of dollars avoided hundreds of millions of dollars disaster. Investing in a resiliency loss in the event of natural in avoided loss in the event of pays. disaster. Investing in According resiliency a improvements natural disaster. Just another to the National Institute of improvements pays. According example that investing in local Building Sciences’ Natural to the National Institute of Hazard resiliency improvements pays. Mitigation Saves study, every Building Sciences’ Natural Hazard wildfire mitigation dollar spent Mitigation Saves study, every PACE is on track to reduce carbon on exceeding select building wildfire mitigation spent dioxide emissions by dollar more than 4 codes saves society four on exceeding select building million tons, conserve more dollars. than codes saves society four dollars. 10 billion gallons of water, and PACE is on than track reduce carbon save more 15 to billion kilowatt dioxide more than 4 PACE of is emissions on track which to by reduce hours energy, is the carbon million conserve than 4 dioxide tons, emissions by more equivalent of powering more than than 10 billion gallons water, million tons, conserve more and than 1.5 million homes a of year. save more gallons than 15 10 billion of billion water, kilowatt and hours of energy, which is the save more than 15 billion kilowatt equivalent of powering more hours of energy, which is the than 1.5 million homes a year. equivalent of powering more than 1 1.5 million homes a year. Sciences’ National Institute of Building Natural Hazard Mitigation Saves 2017 study ygrene.com ygrene.com