HERO Contractor in Los Angeles, CA
California Energy Contractors partners up with HERO Program Financing
A big part of our core mission here at California Energy Contractors is to help homeowners in Los Angeles to save money through energy-efficient products. We have a great news for out customers! We are offering a new financing solution that doesn’t require any credit checks or down payments.
California Energy Contractors is an approved contractor with HERO program – the #1 Energy Efficiency Financing Program in the United States. HERO partners with local governments to make energy efficient, water efficient, and renewable energy products more affordable for homeowners. This low cost, fixed interest rate financing solution makes a broad range of energy efficient products and renewable energy systems available to you at affordable and flexible terms. If you have 10% equity or more in your home, chances are YOU QUALIFY for this special financing solution.
What is HERO Program?
Easy and affordable financing for residents in Los Angeles, CA
HERO is unique in that it provides financing for approved energy efficient, water efficient, and renewable energy products. HERO finances 100% of the cost to purchase and install eligible products. HERO offers low-fixed interest rates, flexible payment terms including 5/10/15/20 years for most products, and repayments are made through your property taxes. Additionally, if the property is sold before the HERO Financing is paid in full, the remaining payments can be passed on to a new property owner.
The repayment of HERO Financing is included in your property tax bill, which is delivered and collected by the County. You will see a line item titled HERO Financing on your property tax bill. If you make property tax payments through an impound escrow account, your lender will adjust your monthly payment to include the amount due for HERO Financing.
What’s more, you won’t have to worry about your payments if you ever decide to sell your house because in most cases, the remaining balance will be transferred to the buyers.
There are over 50 Product Categories available through HERO program
HERO Financing is available for a wide array of home energy and water efficient products and renewable energy systems. With new products being added every day you are sure to find the right ones for your home energy project. Some of HERO’s most popular products include water-saving technologies, solar power panel installations, whole-home heating and cooling (HVAC) systems, energy-saving windows and doors, roofing and insulation.
Who is Eligible for HERO?
Homeowners in Los Angeles who meet minimum criteria are eligible for HERO Financing. In order to quality for HERO loan, the following requirements must be met:
- The loan recipient must be the property owner(s) of record
- Current on their property taxes for the prior year
- Property owner(s) must certify that the property taxes for this property have not been paid late more than once during the prior three years or since purchase if owned for less than three years
- No late payments on property debt for the past twelve months through funding
- No liens on the property
- No bankruptcy in the past seven years and property is not currently an asset in a bankruptcy proceeding
- Eligible Product costs cannot exceed 10% of the property’s market value
- Mortgage-related debt on the property may not exceed 90% of the property’s value
- Manufactured and mobile homes must be attached to the property, own the underlying land, and pay real property taxes (not DMV fees)
We’ll be there every step of the way
California Energy Contractors is proud to be an approved contractor of the HERO financing program. Through this partnership, more households in Los Angeles, CA will be able to afford energy-efficient solutions, equating to better homes and lower energy bills.
Ready to get started? We’re here to help. If you need assistance deciding which energy efficient products will work best for your home and get you the most savings, simply consult with our home improvement experts to get free advice on the best solutions for you.