1. Florida Program Enhancements
2017

2. OVERVIEW OF ENHANCEMENTS
2017 Florida Program Enhancements
Contractor Participation Agreement
YgreneWorks FlexRate Program
Origination Fee updates
Know Before You Owe consumer disclosure

3. CONTRACTOR PARTICIPATION AGREEMENT
Ygrene has implemented the Contractor Participation Agreement (CPA) to formalize the legal relationship with the contractor, including:
Pricing Terms
Business Practices
Legal Obligations
All contractors are required to sign the CPA in order to operate as an active certified Ygrene contractor.
The agreement protects the contractor, Ygrene, and property owners.

4. YGRENEWORKS FLEXRATE PROGRAM
Ygrene is introducing a flexible rate program that offers contractors pricing options with a lower interest rate equivalent in exchange for a rate option fee on PACE residential projects.
At launch there will be four rate plans - Rate Plan 1, the base rate that is available today, and three other plans
If the contractor elects Rate Plan 2 – 4 the rate option fee, also known as sellers points, will be applied to the project cost in exchange for the lower rate.
Rate plan selections are submitted and managed by Ygrene’s Contractor Compliance Team.
Contractors can select the rate plan that best suits their business model.

5. YGRENEWORKS FLEXRATE PROGRAM
Term Years 5 10 15 20
Rate Plan 1
(Base Rate)
Interest Rate
7.35%
7.64%
7.83%
7.96%
Seller Points for calculating the Rate Option Fee Amount 0%
Rate Plan 2
6.35%
6.64%
6.83%
6.96%
3.00%
Rate Plan 3
5.35%
5.64%
5.83%
5.96%
6.00%
7.00%
8.00%
Rate Plan 4
4.35%
4.64%
4.83%
4.96%
9.00%
11.00%
13.00%
Commercial
5.99%
Sellers points will be disclosed to the property owner in the Eligible Improvements Summary that is part of the Finance Agreement.

6. ORIGINATION FEE
Ygrene’s origination fee will always be included as a Program Fee line item that is used to calculate the total project value for residential and commercial projects.
System updates include modifications to the:
Application - will always include the fee in the project
Proposal Tool – will be included in the contract value
Finance Agreement –will include the origination fee in the ‘Program-Related Fees’
Program Handbook - will be updated to reflect this change

7. ORIGINATION FEE

8. KNOW BEFORE YOU OWE
Ygrene has implemented a Know Before You Owe (KBYO) document that discloses to the property owner everything that will be included in the total project financing, including:
Product Costs
Upfront Financing Costs
Closing Costs
Specific Terms and Conditions that apply to the program
The KBYO will be sent with the Financing Agreement
Property Owners will initial and sign the KBYO document, indicating their understanding