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­­­What is PACE financing?

PACE (Property Assessed Clean Energy) is a home improvement financing option that makes it easier to go solar and pay for energy-efficient upgrades.

How PACE works.

States pass laws that make it possible for cities and counties to adopt PACE at the local level.

Homeowners in PACE-enabled communities are then able to apply for PACE financing programs, like HERO, to make energy-efficiency upgrades or go solar.

Once their home improvement project is complete, the homeowner repays the PACE assessment through an additional line item on their property tax bill.

HOW PACE IS UNIQUE

Flexible terms and fixed rates

Rates for PACE financing are locked in, and can be paid in flexible term lengths of 5-25 years based on the useful life of the product.
HOW PACE IS UNIQUE

Payments may be tax deductible

Consult your tax advisor to see if your home qualifies you for potential tax benefits.
HOW PACE IS UNIQUE

High product standards

All products installed in a PACE-financed project are required to meet government efficiency or performance standards.
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HERO financing is America’s largest PACE provider for a reason.

Contractor search features.
Our contractor search tool makes it easy to find highly-rated local contractors. See ratings from the top review sites, so you can be confident when choosing your contractor.

Clear disclosures.
We show the costs and key financing terms in a simple, clear form modeled after the “Know Before You Owe” form homebuyers see when they purchase a house.

You get the final say.
We only work with contractors who have agreed not to be paid until the homeowner has signed off that the project has been completed to their satisfaction.

Learn More About HERO
See what financing is available in your area.
"PACE offers licensed contractors who are [required to have] insurance…this just adds one more piece of confidence for the consumers."
SHANON MATERIO
COMMISSIONER, W. PALM BEACH CITY
"I think it’s an amazing program both from a financial standpoint and an environmental standpoint."
SHOMARI BENTON
BOARD OF DIRECTORS, MCED
"Renovate America is the most well known and successful PACE program in the country."
CHRIS CASTRO
DIRECTOR OF SUSTAINABILITY, ORLANDO
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Over 100,000 homes improved. And counting.
We’re helping more and more homeowners in California, Florida and Missouri improve their homes.

18.5 billion kWH of projected electricity savings.
Our customers are estimated to save enough electricity to power over a million homes for a year.*

Created over 26,948 estimated U.S. jobs.
Many of these are skilled jobs that can’t be offshored or automated.

* Estimate only. Amount spent on home improvements, as well as energy savings accrued by those upgrades, are estimates are based on third-party calculation models and other technical references from reputable sources, including US DOE, US EPA, and the California Public Utilities Commission.

Learn more about PACE financing.

Property Assessed Clean Energy (PACE) financing programs allow state and local governments, where permitted by state law, to extend the use of land-secured financing to fund energy efficiency, renewable energy, and water conservation improvements on private property.

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From the Journal of Structured Finance: Property Assessed Clean Energy (PACE) financing programs are designed to promote energy efficiency, water conservation, and renewable energy improvements. The program is intended to eliminate the barriers of high upfront costs...

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Get started with HERO financing.

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