Late last year Fannie Mae rolled out a new product, its Energy Improvement Feature (EIF). The EIF replaced the Energy Efficiency Mortgage. On paper, the EIF seems to be a significant improvement,…Continue
"Money makes the world go 'round," goes the old saying, and it's certainly true in the world of residential energy efficiency. Many worthy home energy upgrade projects are cancelled or put on hold because the owners feel they won't get their investment back if they should sell soon. Likewise for new construction, many builders in the speculative home market feel forced to build to the lowest performance standard, because energy upgrades won't "appraise out."
There is a lot of discussion and debate in the home performance industry about why home energy audits have only penetrated such a small portion of the U.S. housing market. We know that performance problems in existing homes are the rule rather than the exception. We know that most reasonable comprehensive home energy upgrades will result in a minimum 10-30% reduction in energy consumption and utility bills. We know that energy audits identify measures that can improve indoor air quality,…Continue
I keep striving to see the Big Picture, which some consider a flaw, but while in that mode I chanced upon a book that may have given me a Glimpse.
I recommend reading, “The Plundered Planet: Why We Must—and How We Can—Manage Nature for Global Prosperity,” the latest work by Paul Collier. Collier is Professor of Economics at Oxford University, and a former director of Development Research at the World Bank. He demonstrates an understanding of how countries and economies work--and…