Nearly 20,000 residential solar power installations, resulting in the creation of almost 5,000 clean-energy jobs, have developed from Renovate America’s HERO Program.
Since it launched in late 2011, the HERO Program has financed more than 119 megawatts of solar generating capacity. That’s more than all the rooftop solar that had been installed as of January in the following states, combined: Alaska, North Dakota, South Dakota, Nebraska, Mississippi,Wyoming, Alabama, Oklahoma, West Virginia, Kansas, Arkansas, Idaho, Montana, South Carolina, Kentucky, Rhode Island, Indiana, Maine, Illinois and Minnesota.
The HERO Program is the largest residential Property Assessed Clean Energy (PACE) platform in the U.S., having financed more than $1.75 billion in home energy and efficiency improvements across more than 75,000 homes. In addition to providing financing for rooftop solar, the HERO Program can be used by homeowners to install energy-efficient products like HVAC, windows, and roofing.
“HERO has been instrumental in expanding access to solar for thousands of homeowners, many of whom are attracted by its competitive interest rates and stringent consumer protections,” said Greg Memo, Executive Vice President of Business Development and Product Strategy at Renovate America. “We aim to build on the program’s success by expanding our offerings around solar and partnering with leading contractors and distributors.”
Today, Renovate America is announcing a number of solar product and programs, including the introduction of a 25-year financing term for the HERO Program. This will provide the lowest monthly payment option, making solar more affordable to home owners.
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