KANSAS CITY, Mo., Jan. 12, 2017 /PRNewswire/ -- Close to 300,000 additional homes across Missouri now have access to the HERO Property Assessed Clean Energy (PACE) Program, which enables homeowners to make energy improvements and pay for them over time through their property tax bills. HERO financing payments may have tax benefits, and many homeowners see immediate savings on energy bills by investing in efficiency or renewable energy upgrades.
Since the innovative program first launched in Missouri in September, it has already financed over $2 million in energy and efficiency improvements across more than 150 Missouri homes. With this announcement, HERO financing is now also available to homeowners in:
- the entirety of Greene County, the fourth most-populous county in Missouri, including the city of Springfield;
- the cities of Cottleville, Dardenne Prairie, O'Fallon, St. Charles, St. Peters and Wentzville in St. Charles County, as well as residents of unincorporated areas of St. Charles County;
- the cities of Bellefontaine Neighbors, Creve Coeur, Florissant, Kirkwood and St. Ann in St. Louis County;
- the cities of Nixa and Ozark in Christian County.
HERO (Home Energy Renovation Opportunity) is the largest residential PACE program in the United States and has already helped tens of thousands of homeowners lower energy bills by replacing HVAC systems, upgrading windows and doors, adding insulation, going solar, and more. Moreover, by stimulating home renovation activity, the HERO Program increases demand for contractor services, creates clean-energy jobs and local economic growth.
HERO is available to communities that join the Missouri Clean Energy District (MCED). "Our main goal with this effort is to increase access to residential energy efficiency and renewable energy," said David Pickerill, executive director of MCED. "HERO is a great tool to help homeowners install energy solutions that can lower utility bills and make people's homes more comfortable."
The HERO Program is run by Renovate America and MCED, which work in close partnership with cities and counties. Because of the nature of the public-private partnership, HERO financing includes additional requirements to protect consumers not found in other payment options like credit cards or home equity loans.
About Renovate America
Renovate America has built a tech-enabled market platform for home improvement and commercial retrofits, and partners with state and local governments to offer communities the HERO Program. HERO is the leading residential Property Assessed Clean Energy program in the U.S. and has financed over $2 billion of home improvements. HERO is on track to save its customers more than $3.5 billion in energy and water bills, and has created over 17,500 clean-energy jobs. This unique public-private partnership offers consumers access to financing for more than 60 types of products that reduce energy and water consumption, without the need for government funding. The HERO Program has received a number of recognitions including a Climate Leadership Certificate for Innovative Partnerships by the U.S. Environmental Protection Agency, inclusion in the 2016 White House Water Summit, the Governor's Environmental and Economic Leadership Award in California, and the Urban Land Institute Best of the Best. Renovate America has the world's first green bond platform, with a volume of originations that enables securitization of HERO PACE bonds multiple times a year, attracting international investment to meet U.S. clean energy objectives.
Contact: Matt Bevens
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SOURCE Renovate America