Energy Efficiency Climbs into the “Must Have” List for Homeowners

Slow and steady wins the race. And over the past few months, energy efficiency has quietly been grabbing the media coverage from it’s sexy cousins the Renewables, like solar, wind and geothermal.

Early this month I reported that green as in wallet (saving money) was hot.  Now the July issue of Realtor Magazine is reporting that saving money is motivating Americans to seek out the energy efficiency improvement ... that go beyond yesterday’s stop-at-CFL-bulb-replacement trend.

 

Read more...

Views: 31

Tags: estate, homes, real, resale, trends, value

Comment

You need to be a member of Home Energy Pros to add comments!

Join Home Energy Pros

Comment by Gary Kahanak on July 19, 2011 at 5:48am

It's a relief to see that realtors and homeowners are finally starting to "get it" about energy efficiency. 

The money-saving aspect of home energy efficiency upgrades is legitimized by a new financing instrument offered by Fannie Mae, called the Energy Improvement Feature.  My blog article covers this in more detail, but essentially homeowners are able to borrow money for energy efficiency improvements if computer modeling shows that the upgrades are cash-flow positive; that is, utility savings are greater than the additional mortgage costs for the upgrades.

PACE (Property Assessed Clean Energy) is another financing instrument for energy efficiency that was recently a rising star, and may soon be a major player on the national level.  PACE financing also requires computer modeling to document that the improvement package will be cash-flow positive over the lifetime of the improvements; the difference is that the cost of improvements are assessed on the property taxes.  Funds come from a municipal bond backed by private investment capital.  Homeowners can finance a comprehensive energy upgrade for essentially no cash out-of-pocket.  Future owners of the property benefit from the improvements, but also pay for them through the increased property taxes, which remain with the property. 

With these financing instruments, it is clear that energy efficiency is poised to go mainstream.

Home Energy Pros

Home Energy Pros was founded by the developers of Home Energy Saver Pro (sponsored by the U.S. Department of Energy,) and brought to you in partnership with Home Energy magazine.  Home Energy Pros is sponsored by the Better Buildings Residential Network.

Latest Activity

Dan Martens added a discussion to the group Energy Auditing Equipment for Sale, Trade or to Purchase
Thumbnail

Fluke Thermal Imager and Minneapolis Blower Door for sale

I have a Fluke TiR Thermal Imager purchased 5 years ago and a complete Minneapolis Blower Door…See More
2 hours ago
Dan Martens joined allen p tanner's group
Thumbnail

Energy Auditing Equipment for Sale, Trade or to Purchase

Discuss the pros and cons of the equipment you are interested in prior to purchase. Post equipment…See More
3 hours ago
Todd Collins replied to Carly@AirCycler's discussion The (Small) Cost of Ventilation Without Recovery
"I get it ... the article is focused on cost.  Cost is not why people put an ERV or HRV in a…"
5 hours ago
Green Training USA posted events
11 hours ago
Crosbey Archery posted a photo

Timber-Double-doors

This door is made and hand finished at Bradford workshops by skilled craftsmen.…
16 hours ago
Green Training USA updated an event
Thumbnail

BPI CEU's - Online Anytime at Online

December 4, 2014 to December 3, 2015
Get All 30 BPI CEUAvoid BPI's Written Exams for Certification Renewal…See More
16 hours ago
David I. Shepherd-Gaw added a discussion to the group Job Board
Thumbnail

JOB: Energy Efficiency Specialist @ Cowlitz PUD

Primarily a position with a residential focus in a great community. Opportunities to expand your…See More
21 hours ago
David I. Shepherd-Gaw joined Diane Chojnowski's group
Thumbnail

Job Board

This group is for posting jobs related to all aspects of the home performance industry including…See More
21 hours ago

© 2015   Created by Lawrence Berkeley National Laboratory.

Badges  |  Report an Issue  |  Terms of Service