Are you looking to renovate your property so it can become more energy- and water-efficient? Do you want to make renewable energy upgrades to your home so you can slash monthly expenses, and at the same time, feel good about doing your bit for the environment? But are you prevented from carrying anything out because you don’t have the means to pay for the project?

Money truly is an enabler, and if you don’t have it, you’re basically stuck with what you have. However, when it comes to upgrading your property for the aforementioned purposes, you don’t always have to rely fully on your personal financial resources. There are aid programs available — and one of them is the HERO program. Local government officials have partner with companies like HERO that meet the guidelines of the Property Assessed Clean Energy or PACE Program.

How does the HERO program work?

HERO financing will allow you to create a partnership with your local government so the energy efficient upgrades you wish to execute can be made affordable. HERO financing was created to aid residential renovation projects so property values increase, monthly utility bills decrease, and communities become energy-efficient and independent.

All you have to do is apply for HERO (Home Energy Renovation Opportunity). The HERO program offers low-interest financing that you pay for through your property taxes (which actually may provide you tax rebates or other benefits). There are some requirements to meet in order to qualify for this program, but unlike traditional financing programs, you don’t need to have a good credit score for eligibility.

A Simple Breakdown

Property Tax Assessment

Payments on a HERO loan are made through your property tax bill.

Home Equity

One of the main factors for qualifying for a HERO loan is based on the equity in your home not your credit score.

Tax Deductible

The HERO program does have a higher interest rate than traditional loans but it is likely to be tax deductible because of the nature of the loan.

Loan Terms

Many homeowners investing in energy efficiency are planning to stay in the home for a lifetime. HERO terms are up to 25 years.

No Down Payment

This is a major bonus for East Bay homeowners. HERO finances the total cost of your qualifying project.

Transferable Loan

If you decide to sell your home, your loan stays with the home’s property tax bill and is easily transferable to the home buyer.

Hero Program Basic Requirements

  • The property should be in a HERO Community.
  • The project has to meet specific energy efficiency qualifications.
  • The home may not be a new construction project.
  • The property should not have unresolved federal or income tax liens, and a few other minor requirements.

Through this program, you can execute the beneficial HVAC renovation you have in mind in a timely and financially manageable manner. Below are a list of qualifying projects.

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Eligible Energy-Efficient Home Upgrades

Heat Pumps
Mini-Split Air Conditioners
Geothermal Heat Pumps
Duct Replacement
Duct Sealing
Whole House Fans*
Evaporative Coolers
Ventilation Fans
Heat-Energy Recovery Ventilators
Attic Fans
Ceiling Fans
Hydronic Radiant Heating*
Attic Insulation
Wall Insulation*
Floor Insulation*
Air Sealing

Radiant Barriers*
Gas Tankless Water Heaters
Gas Storage Water Heaters
Electric Storage Water Heaters
Solar Water Heating Systems*

*Hometown Heating and Air Conditioning does not provide this service. Offered by HERO.

Want to know if you are pre-qualified for HERO financing?

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