Tag Archives: HERO loan

Prepare To Pay Off PACE Liens When You Sell Your Home

Property Assessed Clean Energy (PACE) programs offer financing for homeowners who want to purchase roof solar panels, energy-efficient windows or other “green” improvements. However, the programs can make selling your home a more complicated process.

A brief primer: States pass laws that let cities and counties adopt a PACE program at the local level. Homeowners can then apply for financing through a financing program; the one with which I’ve recently had transactional experience is the Home Energy Renovation Opportunity (HERO) loan. The HERO program pays for the energy-efficient upgrades, and then the homeowner repays the HERO assessment through an additional line item on their property tax bill. Continue Reading

Contact Eileen for Real Estate Help

Eileen Bermingham

Corcoran Global Living

415.823.4656

eileen@insidesfre.com

DRE# 01352627

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