The HERO Program offers a unique, affordable financing option for energy-efficient upgrades for increased efficiency, comfort and savings. Water-saving upgrades are also available in drought-impacted areas, such as California.

HERO is a PACE (Property Assessed Clean Energy) program that provides financing for energy-efficient and renewable energy products. In the state of California, HERO provides these same financing options for water-saving and drought-resistant products.

HERO offers more consumers access to energy-efficient options because HERO is financed as an assessment on your property. The interest on these payments may be tax deductible.* Approval for HERO is primarily based on the equity in your home and your debt payment history, rather than your credit score. HERO finances 100% of the cost to purchase and install eligible products, with fixed rates and flexible terms of 5-20 years, depending on the improvements you choose.Should you decide to sell your property before your HERO assessment is paid in full, any remaining balance may be able to transfer to a new property owner (please see the “Real Estate Transactions” section below for more details).

*Property owners should consult their tax advisor regarding potential tax benefits.Yes, homes with HERO assessments can be sold or refinanced at any point. When a HERO improved home is ready to be sold, we offer a variety of options that may be available to you, including transferring all or part of any remaining HERO balances to the new owner. Subordination of the HERO assessment, if required by your lender, may also be available. Yes, listing agents should disclose that there is an additional assessment on the property tax bill and how the energy and/or water savings help offset the assessment. Any remaining balance may be able to transfer to the buyer when they sell their home, since the improvement is a fixed asset that stays with the property. The buyer’s lender may require the balance to be fully or partially paid off to help with the buyer’s debt-to-income ratio. They may also agree to have the HERO balance transfer to the buyer. If they require subordination of the HERO assessment in order for the balance to transfer, we are available to help with this process.

PACE (Property Assessed Clean Energy) is a simple and effective way to finance energy efficiency, renewable energy, and water conservation upgrades to buildings. PACE can pay for new heating and cooling systems, lighting improvements, solar panels, water pumps, insulation, and more for almost any property – homes, commercial, industrial, non-profit, and agricultural.

Property owners across the US are using PACE because it saves them money and makes their buildings more valuable. PACE pays for 100% of a project’s costs and is repaid  for up to 20 years with an assessment added to the property’s tax bill. PACE financing stays with the building upon sale and is easy to share with tenants. State and local governments sponsor PACE financing to create jobs, promote economic development, and protect the environment.