Springfieldians now have access to the Home Energy Renovation Opportunity (HERO) Property Assessed Clean Energy (PACE) Program, which enables homeowners to make home efficiency improvements and to pay for them over time through their property tax bills.
HERO financing payments may have tax benefits, and many homeowners see immediate savings on energy bills by investing in efficiency or renewable energy upgrades.
HERO funds up to 100 percent of the home improvement, and HERO interest rates are fixed and competitive with other options. The term of the financing is based on the useful life of the product, up to 20 years, which spreads out the cost over time. Interest on HERO payments may be tax-deductible, and a recent study showed homes with PACE assessments recovered 100 percent or more of the investment at time of resale.
Homeowners interested in applying for HERO financing or who wish to learn more should visit heroprogram.com. Contractors interested in offering HERO financing can register at register.renovateamerica.com.
More information
For more information about HERO, visit the Web site.