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Clean Energy Financing Goes Residential

LOS ANGELES—The L.A. County Board of supervisors votes to enable a program that gives financing for energy- and water-efficient renovations to homeowners in 42 cities.

By Kelsi Maree Borland | Updated on May 22, 2014

LOS ANGELES—The Los Angeles County board of supervisors has voted to allow residential homeowners access financing for water- and energy-efficient renovations. The Property Assessed Clean Energy program will be available to homeowners living within 42 L.A. County cities that have already passed resolutions to authorize the program.

The financing will be available through city-approved HERO programs, private partnerships that provide the funding. The long-term financing will be added through a assessment onto the homeowner’s property tax bill. “This program will help our communities save energy and water, create local jobs, and enjoy immediate improvements in our homes,” says Dan Medina, South Bay Cities Council of Government chairman and Gardena City councilman. “It’s one of those rare win-win-win programs; we’re excited to get started with HERO.”

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