In the News

100,000 Homes Improved With Renovate America’s PACE Financing

Date: 07/10/2017

Company: Renovate America

Source: PR NewsWire

Energy- and water-saving improvements financed through HERO have created more than 20,000 jobs, and are on track to save homeowners billions on utility bills

Renovate America, a leading U.S. provider of home-improvement financing, announced today that more than 100,000 homeowners have improved their homes with projects saving energy and water through its Property Assessed Clean Energy (PACE) financing option, HERO.

HERO, which stands for Home Energy Renovation Opportunity, empowers homeowners to make energy efficiency, water saving and renewable energy home improvements and to pay for them at a fixed interest rate over time through an additional line item on their property taxes. HERO financing payments may have tax benefits, and many property owners who use HERO to finance home improvements see immediate savings on their utility bills.

AnneMarie Provancha and husband Lamar Brown of San Diego, decided in 2015 to use HERO to finance a combination of energy and water-saving improvements to their 1960s-style ranch home, including windows, HVAC, solar, turf and an instant hot water heater. They estimate that they are saving around $7,000 a year on electricity. “HERO allowed us to renovate our home, while saving us money, and contributing to the planet,” said Annemarie, the 7,527th HERO customer. “The HERO team was very helpful and thorough, so we felt supported throughout the home improvement process. Now, we are closer than we have ever been to our perfect home.”

“HERO saved the day for me – twice,” said Laura May Booker of Bakersfield, Calif., HERO customer number 67,485. “The first time was when I learned I’d need to replace my shake roof in order to qualify for fire insurance. HERO allowed me replace my roof with an energy-efficient one and spread the payments out over several years. I was so pleased with the experience that later, when my roommate fell ill and required hospice care, I turned to HERO to improve my home with an energy-efficient air-conditioner so that she could be comfortable in her final days.”

Read full story at PR NewsWire

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