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Los Angeles County Embraces Residential PACE

In the Community
June 15, 2016

We’re happy to announce that Property Assessed Clean Energy (PACE), the legislation that allows for the HERO Program’s innovative form of financing, has officially been launched in the most populous county in the United States! HERO will now be available to homeowners in Los Angeles County and 85 cities within.

“We’ve been working on this since 2009,” explains Howard Choy, General Manager of the Los Angeles County Office of Sustainability, “and this day has been a long time coming. I am very excited to have residential PACE launching in Los Angeles County and help the state meet its energy and water goals.”

“I think that it’s going to be enormous,” predicts PACENow Director David Gabrielson. “I mean, this is all happening this year in California!”

Contractors are buzzing as well. “I’ve been very anxious about it for about a year,” admits Jeff Williams of JW Heating & Air. “Now it’s finally here.” Cesar Balbin of Reliance Home Services predicts, “I think it’s going to change the entire industry for everybody. Efficiency is huge out here; I mean, our electrical bills are expensive.”

So how does PACE financing work? Explains David, “PACE stands for Property Assessed Clean Energy. It uses a financing technique that state and local governments have used for decades, if not centuries, that basically benefits property owners, but that meets a public purpose. Here the public purpose is energy conservation. The HERO Program is the largest originator of PACE financing,” he adds, “So HERO is at the top of the hill right now.”

Along with energy conservation, PACE programs finance water-saving projects as well. “The drought in California is probably the biggest concern in the state,” explains Howard, “and because PACE will allow the financing of water efficiency measures it’s going to be critical to helping the State make it through this very severe drought situation.”

As Jeff explains, because of HERO and PACE, more homeowners will now be able to replace their outdated energy-guzzling equipment. “In speaking to some of my industry affiliations that have been using HERO for several years and seeing how it’s affected their business and their community and their homeowners, it makes me very excited about it because I know it’s proven.”

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Howard feels confident about the city’s choice to use HERO as a PACE provider as well. “The HERO Program was especially attractive to us. They have tremendous consumer protection programs in place, they treat their contractors well, and they’ve been operating several years with tremendous results.”

Jane Elias, with the Sonoma County Energy Independence Program, can vouch for the success of HERO and PACE, having seen its positive impact in Sonoma. “Having PACE available throughout the communities and throughout the state is fantastic. It’s really important to have a comfortable place to live and healthy place to live.”

Howard looks forward to seeing the benefits firsthand. “Residential PACE is here finally. It fills a real market need and it’s going to be very exciting to see solar projects, energy efficiency projects, and water savings projects on as many single-family homes as we can get in the county.”

Concludes Cesar, “We are ecstatic about HERO coming to LA County. I think it’s going to be a game changer for us.”