PACE Alive and Well // Part 5: What Contractors Should Know to Participate in PACE
A version of this article appears in the Spring 2017 issue of Home Energy Magazine.
March 01, 2017
This is the fifth and last part in a series that describes how PACE financing is revolutionizing the home performance contracting industry. Participating in PACE as a registered contractor carries with it a strong potential for growth, and calls for a high degree of responsibility. Representatives need to understand the ins and outs of the financing model so that they represent the options accurately to their customers. And contractors who participate in HERO’s PACE program must meet HERO’s high standards. It’s important for contractors to understand the consumer protections in place for HERO homeowners. For example, unlike other forms of financing, homeowners have the final say that the job is completed to their satisfaction before HERO releases funds to the contractor.
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