14 Business View - February 2016
Opening
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California HERO Program Creates 10,000
New Jobs by Upgrading 50,000 Homes
with Energy and Water Savings Products
Officials at the HERO (Home Energy Renovation Op-
portunity) Property Assessed Clean Energy (PACE)
Program announced that more than 10,000 local jobs
have been created in California through HERO proj-
ects completed in more than 50,000 homes since
the program launched in December 2011. HERO fi-
nancing enables homeowners to make energy- and
water-efficiency improvements and to pay for them
over time through their property tax bill. This financ-
ing may have tax benefits and homeowners may
see immediate savings on utility bills. New jobs cre-
ated by the program are primarily for contractor ser-
vices in the clean-energy economy in communities
throughout the state.
“What we set out to do in communities throughout
California was provide an option for homeowners to
affordably choose energy efficiency, renewable en-
ergy, or water conserving products when they made
needed repairs,” said J.P. McNeill, CEO of Renovate
America, the company that administers the HERO
Program. “We’ve now done that for 50,000 home-
