Article · Mar 09, 2015
Los Angeles Adopts Financing Program for Home Efficiency Projects
Los Angeles County, Calif., voted to make the Home Energy Renovation Opportunity (HERO) Property Assessed Clean Energy (PACE) program available to local residents. HERO makes energy- and water- saving renovations affordable for property owners by providing long-term, competitive financing through an additional property tax assessment. According to Greentech Media, California leads the nation with more than $500 million in completed residential PACE projects.