City Council of Nevada City adopts HERO, an energy financing program
The City Council of Nevada City last week voted unanimously to approve a financing program that will help property owners go green while creating jobs for the city, officials said.
The HERO Property Assessed Clean Energy program allows residents to install energy-saving products and infrastructure on their properties and pay for them through their property tax bill.
“I’m hard-pressed to see any downside to it,” said Mayor Jennifer Ray during the meeting. She said the program is environmentally responsible, and would help people make their homes more comfortable while conserving energy.
Residents can begin submitting applications for the program as early as fall.
The program was created in 2011 by the nonprofit Western Riverside Council of Governments and is now administered by Renovate America. According to a press release, the HERO program has been adopted by more than 414 communities and unincorporated areas in 47 different counties in California. Yuba County became one of the most recent counties to join the program in April.
City staff suggested the council approve the program because it fits in with the goals of Nevada City’s Energy Action Plan, which was adopted by council members in May 2015.
The program could help residents lower their utility bills by installing energy-efficient products.
Participation in the program is voluntary. No up-front charge is required — the payment will be collected through regular property tax payments. The terms of financing vary from 5 to 20 years, depending on the life of the product.
A voluntary contractual assessment could stay with the property when it is transferred to a new owner.
All products installed must meet federal and state efficiency standards.
For more information, visit: http://www.HeroProgram.com.
To contact Staff Writer Teresa Yinmeng Liu, email email@example.com, or call 530-477-4236.
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