California's San Marcos City Council and Vista City Council have each passed a resolution to adopt a property-assessed clean energy (PACE) financing program that would help residential and commercial property owners pay for renewable energy projects, such as solar arrays.
The HERO Financing Program enables property owners to finance home-improvement projects through their property taxes, allowing them to pay for permanently affixed renewable energy, energy-efficient and water-efficient systems over time.
The HERO residential PACE program has more than 8,000 applications from homeowners and over $150 million in approved projects in nearby communities. HERO Financing will be available to San Marcos and Vista residents in a few months.
‘There are over 40 cities in California providing the HERO program for their residents, and we can already see our business grow in those areas," says Brian Miliate, general manager of local contracting company Baker Electric Solar." We look forward to the long-term job creation HERO will bring to our area. HERO will make it possible for homeowners in Vista and San Marcos to get started on home-improvement projects that lower their utility bills and increase their property values.’