PALMDALE – The HERO Program, which is the nation’s leading residential Property Assessed Clean Energy (PACE) program, is now available to homeowners in the City of Palmdale.
HERO (Home Energy Renovation Opportunity) provides property owners with an affordable and safe way to invest in energy- and water-efficiency improvements by enabling them to pay for these improvements over time with tax deductible financing paid through their property tax bill. Palmdale joins more than 150 California cities launching HERO this year.
“HERO will help local homeowners to save energy and water, and enable them to make immediate improvements to their properties,” said Liza Gray, HERO Community Development Manager. “Based on our experience in other communities, we also expect HERO to create local jobs by increasing demand for construction services.”
“We are really excited to offer this program,” said Palmdale Administrative Analyst Ben Lucha. “Palmdale residents now have another option for financing their energy and water retrofit projects. Just in time for summer, you can put solar panels on your home and upgrade your HVAC system to realize savings on top of savings!”
A wide variety of energy- and water-saving products are available to property owners through the HERO Program. Among the most popular upgrades are whole-home heating and cooling (HVAC), solar power panel installations, energy-saving windows, doors and roofing and insulation. Property owners repay the assessment over 5, 10, 15 or 20 years. Interest is tax deductible and homeowners see immediate savings on utility bills.
HERO has been financing residential projects in California since 2011. It is the largest PACE program in California, financing 95% of all residential PACE projects in the state with a total of $200 million financed to date. HERO is one of several PACE programs active in California communities. Communities where multiple PACE financing companies are active often see the highest levels of property owner participation.
Since its launch in December 2011, the HERO Program has helped to create more than 2,100 jobs in California.
Cities and counties must only pass a resolution in order to make PACE programs like HERO available to local property owners. Taking part in the HERO Program is 100% voluntary for both jurisdictions and property owners. The program is cost neutral to participating local governments. All registered contractors are provided with a comprehensive training program to ensure they provide excellent service and accurate information to customers.
The HERO program has received the Governor’s Environmental and Economic Leadership Award in California, the Urban Land Institute Best of the Best, and the Southern California Association of Governments President’s Award for Excellence.
To learn more about HERO and to apply, homeowners can visit www.HEROProgram.com or call 855-HERO-411 (855-437-6411).
(Information via press release from the City of Palmdale.)