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.