According to a March 23 ACHRNews.com article, HERO aims to make energy- and water-efficient home renovations more accessible to homeowners through long-term, competitive financing that comes from an additional property tax assessment.
Utility Dive reports that HERO’s most popular energy-efficient installations include solar power panel installations and energy-saving windows, doors, roofing and insulation.
And in drought-ridden California, HERO’s lines of water-saving products — from high-efficiency toilets, faucets and showerheads to drip rainwater catching systems — are a much-needed source of respite from an extended water shortage.
Homeowners in Los Angeles County — the largest county in the country — don’t have to stop at an energy-efficient renovation to save money on their utilities, however. Even small reductions in energy consumption can translate to big long-term savings. For example, implementing a simple device such as a programmable thermostat can cut yearly heating and cooling costs by 10% on average.
Participation in HERO is 100% voluntary for both local governments and property owners and is completely cost-neutral for the jurisdictions that choose to implement the program, according to PR Newswire.
In addition to helping homeowners save money on their energy and water bills, HERO helps influence job creation by spurring demand for contractor services throughout California, the current national leader in completed residential PACE projects. Since its inception in December 2011, the HERO program has created approximately 4,300 new jobs throughout California and provided more than $514 million in financing to some 26,500 residential projects across the state.
“Our local economy will also get a boost from the jobs the HERO program creates by increasing work for local contractors. This is a win-win for local residents, the economy and the environment,” Solis said.