HERO Expanding Into Florida & Missouri

By Roy L Hales

Last July, Leon County (home to Tallahassee) became the first Florida municipality to adopt the HERO PACE Program. Several other Florida counties and cities followed suit. The latest was Orlando, whose city council approved the program yesterday. These are a few of the milestones, with HERO PACE expanding into Florida & Missouri.

HERO PACE Expanding Into Florida & Missouri

Photo Courtesy Renovate America

“The key here is drawing a distinction between communities that have approved/adopted HERO and those communities in which the HERO Program has officially launched. There is typically a gap of between 3-6 months between the time of approval/adoption and an actual launch,” explained a company spokesperson.

He added, “You’ll recall that on Sept. 15, the HERO Program launched in Jackson County, Missouri.”

The HERO Program is expected to launch in other Missouri counties and cities before the end of 2016.

Renovate America partnered with the Florida Development Finance Corporation to bring the HERO program to Florida.

When the first program  launches in Leon County early in 2017, Florida will become the third state where HERO is active.

Renovate America’s HERO Program

Downtown Orlando skyline as seen from Gaston Edwards Park by Ryan McKee via Flickr (CC BY SA, 2.0 License)

Since it was launched in California, nearly five years ago, the HERO program was used to finance more then $1.9 billion energy and efficiency improvements for more than 80,000 homeowners.

Renovate America’s HERO Program gives a more affordable option to the one in six American homeowners who need to replace an energy consumption system in their home every year.

Most of the time, they choose the least expensive (and often less efficient) option based on the upfront sticker price.

The HERO program is offered in partnership with local governments. Renovate America finances 100% of the home improvement, requiring no upfront cash outlay and offering fixed interest rates that are competitive with other options. Homeowners pay the loan off through their annual tax bill, over the course of up to 25 years.

Orlando Adopts The HERO Program

The latest city to adopt the HERO program has been  enabling residents to live more “environmentally conscious lifestyles” since 2007. More than 1,200 of Orlando’s homes have already received energy retrofits. Ten municipal buildings have achieved LEED-certification ed municipal buildings. The result is an estimated $1 million in annual energy savings.

“Adding this new financing option to our PACE program is another way we are providing the necessary tools to help our community reduce our impact on our environment,” said Orlando Mayor Buddy Dyer.

 

4 thoughts on “HERO Expanding Into Florida & Missouri”

  1. Sorry to bother you Mr. Hales,
    Since I am not on social media, I have been unsuccessfully trying to find a way to email a comment to the Cleantechnica website. Perhaps you would forward this on to them. While I go to the site several times a day as it is just great, if the text gets any fainter, I won’t be able to read it. While I know it is popular these days to use different levels of gray for the text of an article, their level of gray is so faint it is hard to read. We need contrast with the white background in order to read it without straining.
    Thank you for your time,
    Russ

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