Press Release — California Design and Build firm joins with Ygrene to offer PACE financing for soft story retrofitting and other energy efficient home and commercial building upgrades. LOS ANGELES, CA — October 10, 2017. Tellus Design + Build announces their partnership with Ygrene to offer 100% financing of energy efficiency, renewable energy, water conservation, and seismic protection upgrades for homes and commercial buildings. As an independent Ygrene Certified contractor, Tellus is now able to provide no money down PACE financing for popular projects like soft story earthquake strengthening retrofits, drought-resistant landscaping, solar system installations, and hundreds of other PACE-eligible improvements.
“We knew that homeowners and commercial building owners were unable to access this type of financing without going through a registered PACE provider,” explains Jesse Fowler, president of Tellus Design + Build. “So, we partnered with Ygrene, who is currently the only provider with AAA paper, and is also the only approved PACE provider for the 15,000 buildings that are required to be earthquake retrofitted under the 2015 City of Los Angeles mandate.”
Property owners now have a way to complete these earthquake retrofits to protect tenants (and themselves, from liability) with the full retrofitting cost financed. Many owners dread the up-front payment this size project requires, and with Tellus, they no longer have to put any payment down—and oftentimes do not have payments for up to 17 months. When due, these payments are simply repaid as a part of the owner’s property taxes.
For Tellus homeowner clients, home improvement financing is now offered, which helps them save on monthly energy bills and increases property value. “Oftentimes, completing renovations is a massive investment in a homeowner’s life, second only to the home or building itself,” says Fowler. “Now we can unquestionably help clients boost the value of this investment.”
Tellus’ ability to offer Ygrene PACE financing opens up a whole new realm of possibilities for Tellus clients. PACE financing allows for necessary home and commercial building improvements, which in some cases pay for themselves through energy savings. The Ygrene certification is especially lucrative in Southern California, as the deadline for earthquake retrofitting inches closer every year.
About Tellus Design + Build
Tellus Design + Build performs Residential and Commercial design and construction projects in Orange County, Los Angeles, and Santa Barbara. From construction consultation to design services, remodels to new builds, Tellus is a full-service general contractor. Started in 2005 as Orange County’s first “Green” Design and Build firm, Tellus has been featured on HGTV and the Discovery channel and is a recognized industry leader by Houzz. To learn more, visit tellusdesignbuild.com. Design Reimagined, Construction Redefined.
Ygrene Energy Fund is the nation’s leading provider of residential, multifamily and commercial property assessed clean energy financing. The award-winning, privately funded YgreneWorksTM program provides immediately accessible financing with no upfront payments for energy efficiency, renewable energy, and, in certain areas, water conservation, wind and storm protection, electric vehicle charging stations and seismic upgrades. Ygrene is committed to making it easy for people to invest in their future and a healthier environment. Over the next five years, YgreneWorks is expected to create tens of thousands of jobs and invest several billion dollars into local economies.