HERO Financing Program Now Available to Coronado Residents

Coronado Eligible for Solar Financing through Property Taxes with HERO Program

CORONADO CA (Nov. 19, 2014) – Today, residents living in cities across Coronado are able to participate in a new government-backed solar financing program. Home Energy Renovation Opportunity (HERO) financing provides an opportunity to fund solar through property taxes. The innovative program allows residents to go solar for no money out of pocket and does not create personal debt. Local solar firm, Sullivan Solar Power, says that the program provides tax incentives and benefits that will be highly attractive to Coronado residents.

The local government sponsored program is repaid annually through a tax assessment and the interest is tax deductible. This allows homeowners to tie their solar investment to property taxes, and the investment stays with the property when a homeowner moves. Annual payments are lower than current electric utility bills, and homeowners will secure a lower electricity rate for the term of the financing. The cities of Coronado and most of San Diego County have opted into the Property Assessed Clean Energy program.

“Property Assessed Clean Energy is a game changer for Coronado property owners who have thought about going solar,” said Daniel Sullivan president and founder of Sullivan Solar Power, “Residents who were thought they may be moving or don’t know how long they will be in the home can start saving money today.”

Coronado homeowners that participate in the program will still receive the Federal tax credit that covers 30 percent of the total solar project cost. The solar payments will not be paid until property taxes are due.

“HERO is an innovative way for homeowners to go solar. For the first time, you are able to actually get tax deductions through your property taxes for the payments that you make on the system,” said David Savarese, Director of Project Development.

Sullivan Solar Power is a contractor partner of the new property tax solar program in Coronado. To see if you pre-qualify for HERO, and to learn how to apply, call 1.800.SULLIVAN. Sullivan Solar Power will provide Coronado residents a preapproval finance amount and give you an in depth evaluation to show you the great benefits of this new program.

For additional information call 1-800-SULLIVAN or visit www.heroprogram.com/sullivansolar

About Sullivan Solar Power

Sullivan Solar Power is a turnkey solar system provider that delivers solar electric projects from concept to completion with offices in the Orange County, Inland Empire and San Diego. The company has installed more than 27 million watts of solar power ranging from residential to large commercial and municipal systems. Sullivan Solar Power has a longstanding A-plus rating with the Better Business Bureau, with no complaints filed since its founding in 2004. The firm has been named one of the nation’s fastest growing energy companies by Inc. Magazine and services clients throughout Southern California. Regardless of project size and scope, Sullivan is committed to delivering the best products provided by the most qualified professionals to every customer. Visit sullivansolarpower.com for more information.

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