Hero Financing Program

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CALIFORNIA HOME ENERGY RENOVATION OPPORTUNITY (“HERO”)

  • HERO California is a residential and commercial Property  Assessed Clean Energy (“PACE”) Program • Authorized by State Law (AB  811 and AB 474) • Offers financing to property owners for the purchase and installation of energy efficiency, renewable  energy, and water conservation improvements • Financing to property owners is repaid over time through  voluntary annual assessments on the property tax bill
  • Property Owners: Individuals, associations, business  entities and cooperatives
  • Bottom Line: Any qualifying owner paying property  taxes: – Have clear title to property – Be current on property taxes – Be current on mortgage payments – Have some equity in the property

 

Property owners will repay principal and interest over 5, 10, 15, or 20 years, depending on their approved term. Payment will be billed and paid through a separate line item on the property owner’s property tax bill. As with other property taxes, the assessment payment is due in one or two installments each year (each payment an “Assessment Installment”).

Smart Yards Inc. is a registered and approved HERO contractor

As a registered contractor we must meet the following requirements:

  • Must have an active California State License Board  (“CSLB”) license
  • Must meet CSLB’s bond and workers compensation  insurance requirements
  • Must provide evidence of jurisdictional business  license
  • Must register on the HERO California website

 

For more information on the HERO financing program, click on the following link:

https://www.heroprogram.com/Documents/CAHERO_HEROProgramHandbook.pdf