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

Mark posted events
6 minutes ago
Colin Genge posted an event

Air Leakage Testing for Home Inspectors at Online

July 7, 2015 from 1pm to 2pm
• What sort of effect will IECC adoption have on the building industry? Home owners? Inspectors? •…See More
59 minutes ago
jerrycarter is now a member of Home Energy Pros
2 hours ago
Bijou Lulla posted a blog post

ENERGY EFFICIENCY RETROFITS.....IN NUMBERS WE TRUST

There has been much ado about the recent paper published by E2e; Do Energy Efficiency Investments…See More
15 hours ago
Mariusz Chorazy posted a blog post

Here are a few tips to keep your air conditioning bill low

TAKE GOOD CARE OF YOUR AIR CONDITIONER – Like any major appliance, your AC requires regular…See More
yesterday
Dale Pickard replied to Rod Fox's discussion Does altitude affect AFUE? or just the input/output BTUs?
"Morgan, I got this below from the Knight installation manual. I note a few things, -These…"
yesterday
Dale Pickard replied to Rod Fox's discussion Does altitude affect AFUE? or just the input/output BTUs?
"Hans, The car manufacturer's are doing it with mass flow sensors and oxygen sensors…"
Saturday
Dale Pickard replied to Rod Fox's discussion Does altitude affect AFUE? or just the input/output BTUs?
"I was trying to avoid naming manufacturers, but I was going by the published information for the…"
Saturday

© 2015   Created by Lawrence Berkeley National Laboratory.

Badges  |  Report an Issue  |  Terms of Service