|Incentive Type:||PACE Financing|
|Eligible Efficiency Technologies:||Lighting, Furnaces, Boilers, Heat pumps, Central Air conditioners, Programmable Thermostats, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Roofs, Custom/Others pending approval, LED Lighting, Solar Water Heat, Photovoltaics, Wind, Geothermal Heat Pumps|
Eligible products can be financed for 5, 10, 15, or 20 years, depending on the useful life of the eligible product.
Minimum financing: 5,000
Maximum financing: 10% of the property'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.