KANSAS CITY, Mo. — Renovate America, a provider of residential Property Assessed Clean Energy (PACE) financing, has hired Missouri-based executives Joe Suggs and John Maslowski to lead the expansion of the company’s HERO PACE Program into the state, working with the Missouri Clean Energy District.
Renovate America partners with local governments to provide its version of PACE, the HERO Program (Home Energy Renovation Opportunity), to homeowners to finance a variety of energy efficiency improvements. These installations include energy efficient HVAC systems and renewable energy products like solar. HERO is unique in that it provides 100 percent financing for up to 20 years with fixed interest rates designed to make payments affordable. Homeowners make payments along with their property taxes, and the interest on the payments may be deductible. In the event the property is sold, the remaining balance may be able to transfer to the new owner.
John Maslowski has joined Renovate America as vice president, market development, for Missouri and is responsible for helping to make HERO and other financing products available throughout the state. Prior to Renovate America, Maslowski led business development in the Midwest for a San Francisco-based startup, launched his own consulting firm, served as vice president of supply chain at a private-equity-owned regional food retailer and manufacturer, and worked as an investment banker focusing on mergers, acquisitions, and advisory for a boutique investment bank.
“In collaboration with the Missouri Clean Energy District, Renovate America’s HERO Program is excited to partner with local government and local contractors to make energy efficient products more accessible and affordable for property owners,” said Maslowski. “We look forward to understanding local economic development goals, job creation goals, and environmental goals and building a roadmap with every community to help achieve these goals through the HERO program.”
Joe Suggs has joined Renovate America as Missouri vice president of operations and is responsible for locally managing channel sales and marketing, strategic accounts, and all other field operations-related functions. Before joining Renovate America, Suggs oversaw all sales activity in a 12-state region for a major HVAC manufacturer and directed national sales for a leading provider of energy management systems to businesses. Before his business career, Suggs spent 20 years in the Marine Corps serving as an attack pilot and amassing over 5,000 military flight hours.
“HERO gives homeowners a powerful new tool for improving the efficiency of their homes and adding renewable energy upgrades like solar,” said Suggs. “The innovative program can help homeowners reduce utility bills, feel more comfortable at home, and enhance property values.”
Renovate America is already recruiting contractors in the Kansas City area to offer HERO to homeowners and will be launching HERO later this year in Missouri communities that have adopted resolutions allowing PACE financing. To date, more than 60 cities and counties in Missouri and more than 425 in California have signed up to participate in the HERO Program.
Since 2011, the HERO Program has financed more than $1.66 billion in home improvements which will save more than $2.8 billion on energy bills, conserve 10.7 billion kWh of electricity, and reduce emissions by more than 2.8 million tons. It has already created more than 14,000 jobs across California and had a local economic impact of nearly $2.9 billion.
For more information, visit www.heroprogram.com.
Publication date: 8/12/2016