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Ygrene: A New Roof Financing Alternative for Modtek Customers

create • Jun 15, 2021

In an effort to provide additional financing alternatives for Modtek clients, we have become official roofing contractors in the YGrene Energy Fund Program.  At Modtek Roofing, we promote energy-efficient homes and commercial properties with products such as the Attic Breeze Solar Attic Fan and the Extreme Metal, Energy Star rated, Tilemax – a metal tile roofing system. Therefore, in addition to the Solar Energy Loan Fund (SELF), it would only be natural (no pun intended) to continue expanding our network and work with other financing organizations such as YGrene.

About the Ygrene Program

As mentioned in the Video above, Ygrene provides qualifying residential and commercial property owners an effective solution to financing energy-efficient and renewable energy upgrades.  The program is a leading Property Assessed Clean Energy (PACE) provider.  With low fixed rates, no upfront costs, and no prepayment penalties, property owners may receive 100% financing based on primarily home equity and their ability to pay.

The program is not a loan. Instead, PACE programs ensure that financing is repaid via an assessment on the tax on your property at the end of each year.  Payment may be spread out over 20 years with interest rates are as low as 7%.  Essentially, it’s as if the property is borrowing the loan, not the property owner.

Additional Pros to the Ygrene Program

  • Payments are paid with your property taxes and are therefore tax-deductible
  • An eligibility check won’t effect on your credit score
  • Payments are deferred up to 17 months
  • Payments are transferred to a new owner if you sell your property

 

They Ygrene program to date has:

  • Financed over 30,000 projects
  • Provided a lower APR than traditional bank and credit card financing, saving property owners up to 50%
  • Reduced 378,000 metric tons of carbon dioxide emissions
  • Helped create 16,000 new jobs
  • Saved property owners $980 million in lowered insurance premiums

Are you Planning an Energy-efficient upgrade on your property?

First,  Apply here to find out if your roofing project qualifies.  It’s simple, it takes less than 30 minutes, and your credit won’t be affected.  Here is a list of qualifying roofing projects.

  • Cool Roofing – A roof designed to reflect more sunlight and absorb less heat than your standard roof. As an example, a solar white metal roof, measured on a scale of o to 1 has an average Initial Solar Reflectance (ISR) of .68. A 0 indicates that the roofing material is absorbent and a 1.0 indicates total reflectance. The Solar Reflectance Index (SRI) of the solar white metal roof is 82. SRI is measured on a 1 to 100 scale. The higher the number, the cooler the roof.
  • Green Roofing – A roof partially or completely covered with vegetation. It may also include layers such as a waterproof membrane, a root protection barrier, a drainage layer, a growing medium, and plants
  • Wind Resistant Roofing – Roofing designed to sustain high wind speeds and high negative uplift pressures. Some of these engineered design systems are provided through the material manufacturer, and other pressures are specifically designed per project by an engineer. With the proper design, most roofing systems can qualify and be listed as high-wind resistance roofing.

Roofing Contractors

Modtek Roofing Inc., is a qualified and pre-screened roofing contractor under the Ygrene program. The organization has successfully verified our credentials such as licensing and insurance and has performed a business background check.  Modtek Roofing provides workmanship and material warranties to property owners.  As a certified TAMKO PRO Contractor, property owners may also qualify for additional protection with the Mastercraft Limited Warranty Enhancement at no extra cost.

Additionally, Ygrene ensures contract accountability.  For example, Modtek Roofing won’t receive compensation for a roofing project unless the property owner has signed off agreeing to complete project satisfaction.  The org/certified-pro-roofing-contractor-modtek-roofing-vero-beach-ft-pierce/anization also reviews the roofer’s quote to ensure that the guidelines for energy-efficient, hurricane protection, and renewable energy are met.

To learn a little more about the program, you can always visit the YGrene Website. You may also call our Modtek Office for questions about how we can be of service as you apply.

I am inquiring about the following:General InquiriesAsphalt Shingle Roof InstallAsphalt Shingle Roof RepairRoof Sealant ApplicationFlat Foam / Single Ply Roof InstallFlat Foam / Single Ply Roof RepairMetal Roof InstallMetal Roof RepairNatural Slate Roof InstallNatural Slate Roof RepairTraditional Tile Roof RepairWood Shake Roofing InstallWood Shake RepairRoofing InspectionMetal Roof PaintPower Wash RoofVinyl Siding RepairSolar Fan InstallSolar Fan Repair

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Areas of Expertise: Full-service professional roofing
  • Traditional tile roof installation and repair
  • Metal roof installation and repair
  • Shingle roof installation and repair
  • TPO membrane roofing installation and repair
  • Asphalt shingle roof installation and repair
  • Stucco installation and repair
  • Wood shake installation and repair
  • Natural slate roof installation and repair
  • Flat foam / single ply roof installation and repair
  • Roof sealant application
  • Metal roof paint
  • Roof power wash
  • Roofing Inspection
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