HERO™ FINANCING (Home Energy Renovation Opportunity)
If you’ve recently been considering going solar but are not sure how to pay for it, we’re here to let you know that HERO™ financing is available through Action Air Conditioning, Heating and Solar!
HERO™ is different from traditional consumer financing programs because it is based primarily on the equity a property owner has and because HERO™ does not base decisions on household income or FICO scores. This allows anyone to easily get financing for their solar installation needs. Eligible costs under the HERO™ financing program include both the cost of the equipment and the installation costs.
HERO™ offers fixed interest rates typically ranging from 5.9 – 8.9 percent and offers 5, 10, 15, and 20 year loans. Adding solar to your home will help increase your homes value and give you the ability to become energy independent!
By the end of this year, HERO™ will be available in more than 120 communities in California. The program has helped fund more than 10,000 residential projects for energy efficient upgrades through access to more than $165 million in financing. In addition, the HERO™ program has helped create more than 2,100 jobs in California.
What is the HERO™ Program, and how does it work?”
HERO™ enables residential and commercial property owners to install energy and water efficient improvements and renewable energy systems by having a special assessment put on their property tax bill. Payments are made through their local county with their property taxes over time.
What types of home improvements are available under the Program?”
Over 150,000 products and services quality. Typical projects include: solar photovoltaic (PV) systems; energy efficient space heating, air cooling and ventilation (HVAC); cool roof systems; energy efficient windows, skylights, and doors; solar thermal water heating; air sealing and weatherization; insulation; water heating; indoor energy efficient light fixtures; and water efficiency measures.
What are the costs and benefits of joining HERO™ for my community?
There are no hard costs to joining the HERO™ program and it does not require any dedicated staff resources to develop or implement the program. Additionally, your community will see numerous economic benefits including:
- Reduce energy consumption
- Stimulates local businesses
- Creates sustainable jobs
- Lowers greenhouse gas emissions
Why should we choose HERO™ compared to another PACE program?
HERO™ is the nation’s fastest-growing PACE program. By choosing HERO™, your community is choosing a program with a proven track-record of stimulating economic growth. The program was developed with a network of home improvement contractors who count on HERO™ to build their businesses. They are creating new jobs everyday and plan to expand into regions where HERO™ Financing is offered.
Installing a solar panel system to your home is a big investment and we at Action Air Conditioning, Heating and Solar want to make sure that financing your solar upgrade or installation is easeful and affordable. Contact Action Air today to see how HERO™ financing can help you go solar today!