In the aftermath of the recent hurricane emergency felt across the state, one Florida city has taken swift action to aid local residents’ recovery and preparedness efforts. The Cape Coral City Council approved a robust hurricane response package for residents, including access to an innovative form of financing called HERO. HERO Property Assessed Clean Energy (PACE) financing empowers homeowners to make energy-efficient, renewable energy, and hurricane-resiliency improvements and pay for the upgrades over time through a voluntary assessment on their property tax bills.
Microf LLC, a provider of residential lease-to-own products for the HVAC industry, raised $96.7 million in growth capital. The combined debt and equity raise is funded through a new $40 million committed senior debt facility provided by Atalaya Capital Management with an additional $40 million accordion feature; a new $10 million senior debt facility provided by Microf’s existing lender, BrandBank; and $6.67 million in equity provided by current equity investors.
Program expands into 28 more California communities
March 6, 2017
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.
Dealers will offer Dealnet’s point of sale financing solutions to Canadian homeowners
November 14, 2016
Dealnet Capital Corp. announced that it has entered into multiple vendor finance agreements with distributors and manufacturers of home improvement products in Canada, including an HVAC equipment supplier.
Heating and cooling products and water heaters can be purchased with a number of financing options
August 15, 2016
Synchrony Financial, a consumer financial services company, announced a multi-year extension with Rheem to continue providing a financing program for the purchase of HVAC and water heating products and services.
Higher loan amounts are now available to homeowners
June 27, 2016
Contractors in Pennsylvania that install energy efficiency home improvements are encouraged to attend a free seminar that will feature important information about KeystoneHELP, the state’s official Energy Star HVAC and home improvement financing plan.
Users can present a set of three different payment plans to their customers at the point of sale
May 6, 2016
Noesis, a lending marketplace for financing energy-saving commercial building improvements, has announced a free, mobile financing service for commercial HVAC contractors who want to grow their business by offering attractive payment plans to help close more sales.
Will provide additional resources to accelerate growth
November 25, 2015
Service Finance Co. (SFC), a service provider that originates, underwrites, and services financing for the purchase of HVAC, solar, insulation, and more, announced that it has closed a significant minority equity investment from Flexpoint Ford LLC, a private equity firm.
In this issue of The NEWS, we present the Residential Heating Showcase, featuring the latest heating equipment to hit residential HVAC. We also discuss developments in the tools and test instruments market.