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Finance Product Details

HERO
Product Description
HERO offers funding to LA County homeowners for energy efficiency, renewable energy and water efficiency improvements that are permanently fixed to the property. Financing is repaid annually via the property tax bill over the course of up to 20 years. In Los Angeles County, HERO is a public/private financing program administered by Los Angeles County and implemented by Renovate America.
Miscellaneous Information
Multifamily properties with up to 3 units are eligible.

Any CSLB-licensed contractor may apply to be an approved contractor. To access a list of HERO Approved Contractors, visit https://www.renovateamerica.com/find-a-contractor
Verified by Lender on: 5/4/2017 0
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Property Types
Sponsor:
Los Angeles County
Financing Type
PACE
Financing & Payment Information
Rate (APR):
6.75% - 8.35%
Term (years):
5, 10, 15, 20 years
Minimum Amount:
$5,000
Maximum Amount:
15 % of property value
Fees:
One-time fees, Ongoing fees
Down Pmt. Required:
No
Re-pmt. Method:
Property Taxes (PACE)
Pmt Frequency:
Annual
Pre-pmt Penalty:
No
Allowable Projects
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds Renewable Energy projects
Funds Demand Response projects
Funds other energy projects
Electric vehicle charging stations and energy storage.
Funds other energy-related projects
PACE can finance all costs related to the development of the project. This can include program fees, audit costs, engineering,
Other Program Requirements
Contractors
Must be program-approved
Financing Approval Time
Immediate
Equity in Property Needed
Yes

Other Variations of this product

HERO

Property Types
Sponsor San Bernardino Associated Governments (SANBAG)Western Riverside Councils of Government (WRCOG)Western Riverside Councils of Government (WRCOG)
Financing Type Property AssessmentProperty AssessmentProperty Assessment
Term (years) 5,  10,  15,  20 year(s)5,  10,  15,  20 year(s)5,  10,  15,  20 year(s)
Rate (APR) 6.75% - 8.35%6.75% - 8.35%6.75% - 8.35%
Min. Amount $5,000$5,000$5,000
Max. Amount $200,00015 % of property value15 % of property value
One-time Fees 4.99% of total financing & $954.99% of total financing & $954.99% of total financing & $95
Ongoing Fees $35$35$35
Description HERO offers funding to San Bernardino homeowners for energy efficiency, renewable energy and water efficiency improvements that are permanently fixed to the property. Financing is repaid annually via the property tax bill over the course of up to 20 years. In San Bernardino, HERO is a public/private financing program with Renovate America, San Bernardino Associated Governments (SANBAG) and your city or county.HERO offers funding to Western Riverside homeowners for energy efficiency, renewable energy and water efficiency improvements that are permanently fixed to the property. Financing is repaid annually via the property tax bill over the course of up to 20 years. In Western Riverside, HERO is a public/private financing program with Renovate America, Western Riverside Councils of Government (WRCOG) and your city or county.HERO offers funding to homeowners for energy efficiency, renewable energy and water efficiency improvements that are permanently fixed to the property. Financing is repaid annually via the property tax bill over the course of up to 20 years. In California, HERO is a public/private financing program with Renovate America, Western Riverside Councils of Government and your city or county.

Other Products By This Lender

Lender: Renovate America

Contact Email: info@renovateamerica.com
Contact Phone: 855-HERO-411