The PACE Is Picking up for Residential Solar Installations with California’s HERO Program

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Chandler’s Roofing announces the rollout of the HERO financing program for their Southern California customers. HERO, a branded version of Porperty Assessed Clean Energy (PACE), lets homeowners finance solar and other energy-efficiency programs through their property taxes.

After a partial hiatus, Property Assessed Clean Energy (PACE) programs are coming back. They have been surfacing at a fast clip in California. HERO, a branded version of PACE, is one of the programs appearing in the state.

HERO is a partnership between business and local government that provides property owners with affordable financing for a range of water- and energy-efficiency improvements. Property owners pay for the improvements along with their property taxes over a 5-to-20-year period.

 

This week, roofing and solar contractor Chandler’s Roofing announced the rollout of the HERO financing program for their Southern California customers. Chandler’s clients in specific Orange County cities can use the HERO program. For now, the program is available for Chandler’s Roofing customers in Costa Mesa, Newport Beach, Tustin, Santa Ana, Anaheim, and Westminster.

 

“The HERO program will help us provide additional, and much needed financing options to our clients looking to initiate energy efficient upgrades for their homes such as solar system installations and California Title 24 compliant cool roofs,” commented Chandler’s Roofing president, Trevor Leeds, in a statement. “Our ability to get a customer financed through this program within minutes, without a FICO score requirement and with $0 down payment, really helps streamline the solar re-roof process for our customers.”

 

HERO is the largest and most successful Property Assessed Clean Energy program in the nation. After funding more than 10,000 residential projects for efficiency upgrades with access to more than $180 million in financing, the HERO program is expected to expand into more than 120 communities in California, including cities in Los Angeles County and Orange County in 2014.