SAN DIEGO, April 24, 2013 /PRNewswire/ — San Marcos City Council and Vista City Council each passed a resolution to adopt the HERO Financing Program and make the Property Assessed Clean Energy (PACE) program available to its residential and commercial property owners. The HERO Program enables property owners to finance home-improvement projects through their property taxes, allowing them to pay for permanently affixed renewable energy, energy-efficient, and water-efficient systems over time. The program is designed, in part, to lower energy costs, stimulate job creation, increase property values, and lower emissions.
The HERO program is the largest and most successful residential PACE program in the country with more than 8,000 applications from homeowners and over $150 million in approved projects in nearby communities. These communities have already seen a significant economic impact from the program in the form of sustainable jobs, reduced carbon emissions, energy savings and the promise of increased property values.