Homeowners can use programs such as PACE and HERO to afford new advancements in air conditioning, fenestration, and appliances
An article in GlobeSt.com examines financing programs that assist homeowners to upgrade to higher efficiency technologies for things like air conditioning, fenestration, and appliances.
Both PACE and HERO are programs that homeowners can use to afford the latest advances in efficient home equipment and features. The programs, backed by bonds, are expected to lower homeowners’ water and energy bills by more than $298 million over the useful lifetime of the products installed. Home buyers are willing to pay $11,000 more for a home if would decrease their utility costs, according to a Renovate America spokesman.