HERO LAUNCHES IN FLORIDA: A New Financing Option for Energy and Hurricane Resiliency Home Improvements
By a
HERO, which stands for Home Energy Renovation Opportunity, is the nation's largest form of Property Assessed Clean Energy (PACE) financing and its launch is expected to bring multiple benefits to
"Floridians are looking for ways to save energy and protect their homes, but lack access to affordable financing to make the improvements they need to get there. PACE gives
Today's launch covers cities and counties with over 1.3 million housing units. These communities include the cities of
Robust Consumer Protections and Lower Interest Rates
HERO financing offers
"With HERO, communities across
The availability of HERO, like all PACE financing options in
HERO funds up to 100% of the home improvement, while the term of the financing is based on the useful life of the product, up to 25 years, spreading out the cost over time. The improvements eligible for PACE financing can also improve the value of a home. A recent study showed homes with PACE assessments recovered 100% or more of the investment at the time of resale.
Homeowners interested in applying for HERO financing or who wish to learn more should visit https://www.renovateamerica.com. Contractors interested in offering HERO financing can register at https://register.renovateamerica.com/.
Keywords for this news article include: Homeowners, Real Estate, Renovate America.
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