A residential energy program that supports solar power, energy-saving windows and doors, insulation, heating and cooling, roofing and water conservation will be reinstated in San Francisco. Spring of 2015 is when applications will first be accepted.
The Home Energy Renovation Opportunity (HERO) makes these investment opportunities more affordable by financing them through an extra property tax assessment. Payments for these energy-saving or energy-producing options such as solar panels can be made through property taxes for twenty years. Interest on energy renovation upgrades is tax deductible.
The timing of HERO’s reinstatement is helpful because the cost of solar panels has dropped by about 75% in the least several years. In other words, home solar power systems are the most affordable they have ever been. Supporting homeowners in San Francisco with friendlier financing is a good choice, because more of them can make their homes energy efficient.