Written by The Business Journal Staff
Beginning today, homeowners in Mendota, Orange Cove and San Joaquin can finance 100 percent of their efficiency-related repairs and upgrades through the HERO Property Assessed Clean Energy (PACE) Program.
HERO financing provides new options for homeowners to make energy- and water-efficiency improvements, and to spread out payments over time through their property tax bill.
HERO financing payments may also have tax benefits — and many homeowners who enroll in the program see immediate savings on utility bills by investing in efficiency upgrades.
Thirteen other municipalities in Fresno County currently offer access to this innovative financing program, including Clovis, Coalinga, Firebaugh, Fowler, Fresno, Huron, Kerman, Kingsburg, Parlier, Reedley, Sanger and Selma, as well as the County for residents of unincorporated areas.
Since joining HERO program, over 2,000 homes have been improved in these communities, helping to create more than 375 local jobs and set in place CO2 emissions reductions of more than 101,000 tons.
Over the four-year history of the program, HERO has made 72,000 homes throughout the state more efficient and has reduced CO2 emissions by more than 2.92 million tons.
“The HERO Program partners with the public sector to support a program with strong consumer protections and local economic and environmental impact—at no cost to taxpayers,” said Blair McNeill, vice president of Community Development for Renovate America, the company that administers the HERO Program. “The program has been proven to create jobs while helping communities reach their emissions and water use reduction targets.”