ADVISORSHARES HVAC AND INDUSTRIALS ETF: Hawthorne Implements PACE Financing for Sustainable Home Improvements
- The Hawthorne City Council approved PACE financing to enhance home energy efficiency and resilience against environmental challenges.
- Homeowners can access funds for renewable energy projects and efficiency upgrades, boosting sustainability and safety in the community.
- AdvisorShares HVAC and Industrials ETF supports companies like METUS, advancing innovative, energy-efficient HVAC solutions for modern homes.
Hawthorne Adopts PACE Financing to Boost Home Improvements Amid Environmental Challenges
The Hawthorne City Council makes a significant move by unanimously approving the Property Assessed Clean Energy (PACE) home improvement financing program, facilitated by Home Run Financing (HRF). This initiative allows homeowners to access funds for essential upgrades aimed at improving energy efficiency, water conservation, and safety. With this decision, Hawthorne joins over 340 cities in California and 36 within Los Angeles County that have adopted the PACE program. HRF CEO Robert Giles expresses enthusiasm for offering residents financial options that can alleviate rising utility costs and enhance home resilience against the ongoing challenges of drought and extreme weather conditions.
The PACE financing program specifically targets renewable energy projects, including solar panel installations, as well as efficiency upgrades such as better windows and roofs. Councilmember Angie Reyes English underscores the significance of this financing as a vital tool to improve community resilience in the face of environmental adversity. This initiative not only aims to facilitate immediate home improvements but also strengthens the long-term sustainability and safety of the community. To further ensure consumer protection, the program mandates that financing be carried out exclusively through registered and trained contractors, providing robust safeguards including homeowner identity verification and third-party inspections of completed projects.
In a state where nearly 15 million Hispanic/Latino individuals reside, HRF is committed to inclusivity, offering comprehensive materials and guidance in Spanish, along with bilingual staff support. This approach aims to empower a significant demographic within California to participate in the program and capitalize on its benefits. As communities like Hawthorne adopt such innovative financing solutions, they contribute to a broader movement towards sustainable home improvements that address pressing environmental issues, ultimately paving the way for a more resilient future.
Innovative HVAC Solutions for Modern Homes
Mitsubishi Electric Trane HVAC US (METUS) continues to advance the heating and cooling landscape with its all-electric, all-climate heat pumps. These systems are designed for high efficiency across varying temperatures, making them suitable for year-round comfort. METUS provides tailored solutions for home office setups and multi-zone systems, allowing homeowners to optimize space and energy use according to their specific needs.
Meanwhile, AIIR Products announces a strategic partnership with DMG Corporation to enhance access to AI-powered heating and cooling solutions in key West Coast markets. This collaboration aims to support developers and building owners seeking innovative HVAC systems that prioritize energy efficiency and sustainability, reflecting the growing demand for environmentally responsible building practices.