The Real Deal Miami

Two more Miami districts can apply for green energy loans

Up to 40,000 households vying for voluntary financing program
July 11, 2014 05:15PM

Joe Spector

Joe Spector

Applications to the Ygrene Energy Fund of Florida for energy improvements and hurricane protection have soared after the Miami City Commission expanded eligibility for the Green Corridor Property Accessed Clean Energy Program.

Under the expansion, single-family and duplex homes in city commission districts 2 and 4 are now eligible. The addition of these districts will mean that the program can help more people.

Joe Spector, who is the vice president of operations for Ygrene Energy Fund of Florida, told Miami Today that an estimated 30,000 to 40,000 households in those districts can now apply for the voluntary financing program.

According to Spector, the terms of the voluntary program allow home owners to make energy improvements and add hurricane protection to their homes immediately. They have up to 20 years to repay the cost, through yearly assessments on their property tax bills.

Ygrene has given out an estimated $4 to $5 million in loans since its launch in September 2013. [Miami Today] — Claire Moses