HERO Program Helps 11,000 Homeowners in San Diego

April 13th, 2017 by Editor

When California state legislators voted to approve Property Assessed Clean Energy (PACE), San Diego County was one of the first areas to embrace this home energy and efficiency financing model. Through the state’s largest PACE program, HERO, more than 11,000 homeowners in San Diego County have made 25,000 energy efficiency, water efficiency or solar power improvements to their homes over the last three years. HERO is just one of several PACE providers in the county.

 “It is great to see so many San Diego homeowners taking advantage of the PACE program, spurring the growth of our cleantech sector, moving the city closer to our sustainability goals, and saving families money on their utility bills,” said Council President Pro Tem Mark Kersey. “Companies like Renovate America in Council District Five are creating good paying jobs and have helped make San Diego No. 1 in solar energy capacity nationwide.”

HERO-funded home improvements have generated more than $530 million in new economic activity. By stimulating home renovations, PACE increases demand for local contractor services. As a result, the HERO Program is now supporting an estimated 2,500 new regional jobs through this boost to the local economy. Many of these jobs, like those in the local construction sector, cannot be automated or outsourced.

PACE enables homeowners to make energy and efficiency improvements and to pay for them over time at a fixed interest rate through an additional line item on their property taxes. The resources saved through PACE-financed efficiency upgrades are significant. In San Diego County, HERO-financed home upgrades are on track to save homeowners more than $550 million in utility bills over the expected useful life of the products installed. The city’s homeowners are also projected to reduce greenhouse gas emissions by nearly 440,000 tons, which is the equivalent of taking nearly 93,000 passenger vehicles off the road for a year. HERO water conservation improvements are projected to save more than 1.8 billion gallons of water.

Tags: ,

Leave Comment