The City of Coral Gables is a member of the Clean Energy Green Corridor Program, an initiative currently available for commercial and residential property owners to implement energy efficiency upgrades through Property Assessed Clean Energy (PACE) financing.
PACE financing allows residential or commercial property owners to finance renewable energy and efficiency upgrades over the long term through a voluntary property tax assessment. Eligible improvements may include solar panels, hurricane windows and shutters, roof strengthening measures, air conditioning and heating systems, water heaters, weatherproofing, insulation, pool pumps, and much more. These improvements, in turn, can lower utility bills, increase the home’s value, lower hurricane insurance costs, and improve the quality of the residence.
YGrene Energy Fund Florida, LLC.; Renew Financial, and Renovate America have been authorized to administer the program in Coral Gables. For more information on the program please visit the following websites
- Effective immediately, Ygrene has suspended all PACE operations including funding. Ygrene is working hard to secure potential funding sources, however, there is no set date for when operations will resume.This suspension results in the suspension of Ygrene PACE financing only. It does not cancel any home improvement contracts. Property owners and Contractors should coordinate on any obligations under their contract and seek alternate forms of financing. Even Financial may be able to assist with obtaining non-PACE financing. The application with Even Financial is available through Ygrene.com. Ygrene apologizes for any inconvenience.
- Renew Financial
- Renovate America
2022 Miami-Dade Solar Co-op
A solar co-op is a group of homeowners that bundle their buying power to secure a volume discount on rooftop solar PV systems. They use free-market principles to solicit competitive bids from area solar installers in order to secure the best price, and ensure a quality product. The Miami-Dade Solar Co-op is organized by Solar United Neighbors - a nonprofit organization. Co-ops are cost and commitment-free for Miami-Dade homeowners interested in solar energy. Co-ops focus on education, consumer protection, advocacy and support in going solar. For information on the Co-op, or to learn more visit SolarUnitedNeighbors.org/Miami
Coral Gables Achieves SolSmart Silver Designation
Coral Gables has received silver designation from the national SolSmart program for making it faster, easier, & more affordable for homes & businesses to go solar. Coral Gables is taking strides to encourage solar energy growth and remove obstacles to solar development. SolSmart Silver signals that Coral Gables is “open for solar business.”
As a SolSmart designee, Coral Gables is helping solar companies reduce the cost of installations and pass those savings on to consumers. This allows more local homes and businesses to obtain affordable, clean, and reliable electricity through solar. This will help encourage solar companies to do business in the area, driving economic development and creating local jobs.