The Ygrene Energy Fund announced last week that Orlando, Florida has adopted the property-assessed clean energy (PACE) program, joining more than 60 other counties and cities in the state.
The fund is one of the largest providers of PACE support in the state and has made contracts that total approximately $55 million.
"Today, Florida and Green Works Orlando took yet another step in protecting Floridians as they face rising sea levels, more extreme weather scenarios and increased risk to property values," Ygrene CEO Stacey Lawson said. "We applaud Orlando and its Green Works initiative as they work to become one of the most sustainable cities in America."
PACE programs offer support to cities and counties that allow their respective residents to be able to make upgrades to their homes in order to improve energy efficiency and to be able to fortify homes against climate change effects that include potential rises in sea levels and hurricanes.
Projects supported by Ygrene are estimated to have saved approximately 360,000 metric tons of carbon dioxide from entering the atmosphere and saved approximately 1.3 billion gallons of water.
The fund is focused on supporting financing for clean energy development across the country.