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Los Angeles adopts financing program for home efficiency projects

Dive Brief:

  • Los Angeles County, Calif., voted to make the Home Energy Renovation Opportunity (HERO) Property Assessed Clean Energy (PACE) program available to local residents.
  • HERO makes energy- and water- saving renovations affordable for property owners by providing long-term, competitive financing through an additional property tax assessment.
  • According to Greentech Media, California leads the nation with more than $500 million in completed residential PACE projects.

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