Written by The Business Journal Staff
The Lindsay City Council has voted to make the HERO Property Assessed Clean Energy (PACE) program available to local residents. HERO is an acronym for Home Energy Renovation Opportunity.
HERO PACE financing enables homeowners to make energy- and water-efficiency improvements and pay for them over time through their property tax bill.
HERO payments may have tax benefits, and homeowners may see immediate savings on utility bills.
Residents of Lindsay may begin submitting applications to HERO this spring.
“HERO financing brings renewable energy and energy- and water-efficiency within reach for a broad range of homeowners,” said Blair McNeill, vice president of Community Development for Renovate America, the company that administers the HERO program. “We are excited to help people make their home more comfortable, potentially lower utility bills, and reduce their impact on the environment.”
Three other cities in Tulare County — Visalia, Porterville and Tulare — have already launched this innovative financing program over the past year and a half. Since then, HERO has provided $3.34 million in financing for almost 200 projects, and has created $5.78 million in stimulus to local economies.
Across the state, HERO has helped fund residential efficiency projects in more than 54,000 households in California, totaling $1.28 billion in financing.
The program has a wide variety of products to help homeowners cut down on water use, including high-efficiency toilets, faucets and showerheads; drip irrigation systems; rainwater catchment systems; gray water systems; and artificial turf and other drought-tolerant landscaping.
A wide variety of energy-saving products are available through HERO as well. Some of HERO’s most popular products include solar power panel installations, whole-home heating and cooling (HVAC) systems, energy-saving windows and doors, and roofing and insulation.
Participation in the HERO Program is 100 percent voluntary for both jurisdictions and property owners and the program is cost neutral to participating local governments.