Energy Focused Financing Gains Momentum

Greg Frost

Energy-focused financing is gaining momentum. Renovate America’s HERO PACE program has funded more than 100,000 Energy Star-qualified renovations for single-family homeowners. In total, the HERO program has financed $3 billion in home improvements, and 40% of those have been Energy Star-certified. These renovations have saved homeowners upwards of $1 billion on their energy bills.

“More than 13,500 homeowners across San Diego County have used HERO to make energy or efficiency improvements to their homes since the program first became available here in 2014,” Greg Frost of Renovate America, tells GlobeSt.com. “Over half of the projects in the county financed by HERO have involved energy-efficiency improvements like Energy Star-certified air-conditioning units and replacement windows and doors: these upgrades are projected to save homeowners over $100 million on their utility bills over their expected useful lifetime.”