| Implementing Sector: | Local |
| Category: | Financial Incentive |
| State: | California |
| Incentive Type: | PACE Financing |
| Web Site: | http://wrcog.herofinancing.com/ |
| Eligible Renewable/Other Technologies: | Solar Water Heat, Solar Photovoltaics, Wind (All), Geothermal Heat Pumps, Wind (Small) |
| Eligible Efficiency Technologies: | Lighting, Furnaces, Boilers, Heat pumps, Air conditioners, Programmable Thermostats, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Roofs, Custom/Others pending approval, Other EE, LED Lighting |
| Terms: | Eligible products can be financed for up to 25 years, depending on the useful life of the eligible product. Minimum financing: $5,000 Maximum financing: 15% of the home's value. WRCOG Executive Committee approval is required for any project costs over $200,000. |
Western Riverside Council of Governments (WRCOG) is offering homeowners in WRCOG participating jurisdictions an opportunity to finance energy and water efficiency projects in their homes. The Home Energy Renovation Opportunity (HERO) Program is a Property Assessed Clean Energy (PACE) financing program. PACE programs allow homeowners to finance energy improvements, and to repay the financing through special assessments on their property taxes. In most cases the property tax assessment will stay with the property if it is sold, though the buyer's lender may impose restrictions on the transfer.
A wide variety of energy and water efficiency products permanently affixed to the property can qualify for this program. Light bulbs, appliances, and other products not permanently affixed to the property are ineligible for this program. Only contractors registered with the program or a property owner who has signed a Self-Install Agreement may install the financed equipment.
See the web site above for complete details.
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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
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