The city of Monterey has launched a program that enables homeowners and commercial property owners to pay off energy- and water-efficiency improvements through their property tax bills.
A number of energy and water saving products are available through the HERO program. That includes home heating and cooling systems, solar panel installations, energy-saving windows, doors and roofing and insulation.
Property owners can repay the assessment over 5, 10, 15 or 20 years through their property tax bill. Interest is tax deductible and homeowners see immediate savings on utility bills.
“HERO will enable the city of Monterey to save water and energy, and enable local homeowners to make immediate efficiency-improvements to their homes,” said Matt Messina, HERO Community Development Manager. “Based on our experience in other communities, we also expect HERO to create local jobs by increasing demand for construction services.”
The program is scheduled to launch in the city of Monterey this fall.
To learn more about the HERO Financing Program, and to apply, property owners can visit www.HEROProgram.com or call 855-HERO-411 (855-437-6411).