Program expands into 28 more California communities
SAN DIEGO — More than 240,000 homeowners in 28 California communities who want to go solar or make efficiency-related repairs and upgrades may now finance 100 percent of their home projects through the HERO Property Assessed Clean Energy (PACE) program.
HERO financing allows homeowners to pay for projects like new heating and air conditioning systems, drought-tolerant landscaping, and efficient windows and doors over time at a fixed interest rate. They do so through an additional line item on their property taxes. As a result, HERO financing payments may have tax benefits, and many homeowners see immediate savings on their utility bills by investing in efficiency upgrades.