what is the PACE program

­­­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.

Why HERO financing is America’s leading PACE financing option.

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.

Check your home’s eligibility for HERO financing.
Over $2.67B and growing in home improvements
Financially, that’s enough to purchase a national soccer team!*

16.5B kWh of Electricity Saved.
Our customers are on track to saving enough electricity to power over a million homes for a year.*

An Estimated 22,700 U.S. Jobs Created.
These are skilled jobs that can’t be automated or outsourced.

* 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.
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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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