HERO Program / June 8, 2014
HERO Program Benefits Part One: Property Tax Benefits
HERO Program Has Many Benefits
Are you interested in financing your next HVAC or solar upgrade to your home? Try the HERO Program! The HERO program makes sense for homeowners looking to take advantage of tax benefits. Entire HVAC systems and solar systems can be financed on 15 to 20 year terms based on the products you choose to finance. The financing for these HVAC or solar upgrades to your home are rolled into your property tax payments, meaning that the entire monthly payment (both principle and interest) is available as a tax write-off because it is part of your annual property taxes.
Why You Should Consider HERO Program Financing
So, how can the HERO Program really help you? Well, for a start, it can help reduce your tax burden and for some homeowners, it can even cover the cost difference of an upgrade by saving you energy over the life of the loan. Also, there are other types of home financing programs that only allow the homeowner to write off the interest on any principle for owner occupied single family homes. The HERO Program is different in that it covers the entire cost of the job. The expense of the system rolls into your the property taxes and stays with the home. If you want to upgrade to a high efficiency system now, but don’t plan on staying in the house long term, this financing program can be used to save money now without having to pay a large up front cost. Plus, you only have to pay on your usage of the system and the rest may be transferred to the next owner of the home through the property taxes. Finally, depending on your jurisdiction, you may even be eligible for high efficiency tax credits by upgrading your system.
Getting Started with the HERO Program
Want to learn more about the HERO Program? Visit our page on Hero Program Financing. The Mauzy Heating, Air & Solar Team looks forward to helping you upgrade your HVAC or solar products on your home while saving you money. Give us a call today!
