San Diego homeowners seeking help on financing improvements to reduce energy and water usage can access a new loan program called PACE for property assessed clean energy.
The program eliminates upfront costs for many energy and water efficiency improvements while reducing the operational expenses of owning, said County Supervisor Dianne Jacob, the chairwoman for the county Board of Supervisors.
The PACE program is being rolled out this week by the county, the city of San Diego, and the cities of El Cajon, and Escondido. The cities of Carlsbad, Lemon Grove, Oceanside, San Marcos, Solana Beach and Vista launched similar initiatives earlier this year, and together funded nearly $5 million in improvements, according to Jacob’s office.
PACE has been available to commercial property owners for several years, and the board of supervisors voted in April to expand the program to homeowners. The San Diego City Council also approved the program in that month.
To obtain more information on the financing program, contact www.heroprogram.com.