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PACE in CA: Redwood City helps homeowners save water and energy


Daily News Staff Writer

As the state’s 4-year-old drought continues with no end in sight, Redwood City this week announced it has adopted a program aimed at helping homeowners conserve water and energy.

Dubbed HERO Property Assessed Clean Energy (PACE), the program allows homeowners and commercial property owners to make efficiency improvements payable through property tax bills. HERO, which stands for home energy renovation opportunity, launched in 2011 and is run by Renovate America, the lead financier for PACE programs in California. HERO PACE helps property owners lower their utility bills by financing such energy-efficient projects as solar power, HVAC, window and roofing upgrades, and water-saving products like artificial turf. Owners can choose to repay loans over a 5- to 20-year period, and interest is tax-deductible. Read more.