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How Does HERO Financing and PACE Financing Work?

Many of our customers have asked how they can save money on their energy costs and how they can take advantage of both state and federal rebates, in addition to manufacturer rebates. There are a few different ways you can save, through various programs. Two of these programs are HERO and PACE financing.

What Is the HERO Program?

This is an energy-efficient financing program in the U.S. It stands for Home Energy Renovation Opportunity, and is a part of the PACE (Property Assessed Clean Energy) Program, which offers financing for energy-efficient, water-efficient, and renewable energy products to home and business owners in approved communities throughout the state of California. This financing is repaid through annual property tax payments, collected by the county and in some cases passed on to new property owners if that property is sold.

How Can I Qualify?

There is a minimum criteria homeowners must meet to be eligible for financing through the HERO Program. Once the property owner is found eligible, HERO finances 100% of the cost to purchase and install eligible energy-saving products. These products include, but are not limited to:

  • Solar Panels
  • Artificial Turf
  • Central Air Conditioning
  • Energy Efficient Doors and Windows
  • Drought Tolerant Landscaping

Explore the Benefits

There are numerous benefits to taking advantage of the PACE and HERO programs. Unless you live in an HOA that does not allow for these upgrades, or you have other extenuating circumstances that prevent you from taking advantage of these programs, there’s really no reason not to explore what you can do to save energy and, subsequently, money. In addition to 100% financing, the HERO program offers these benefits:

  • Repayment terms up to 25 years.
  • Potential long-term tax benefits.
  • Transferability to homebuyers (gives you an edge in selling your home.)

We’d love to discuss with you just how you can take advantage of these programs, and how to get the most for your money from special rebates as well.

To learn more, and to invest in exceptional HVAC services throughout Union City, CA and beyond, contact Comfy Heating & Air Conditioning Inc. today!

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