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: 53

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.

Featured Forum Discussions

What causes a temperature plane in a home

Started by Energy Wise Solutions in HVAC. Last reply by Peter Krych on Friday. 4 Replies

Velocity Pressure Testing

Started by Horace Douglas Hunt, Jr. in General Forum. Last reply by Horace Douglas Hunt, Jr. Apr 15. 2 Replies

Videos

  • Add Videos
  • View All

Latest Activity

Sharon Block added a discussion to the group Job Board
5 hours ago
Profile IconSharon Block and B Eric Bell 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
5 hours ago
B Eric Bell added a discussion to the group Job Board
8 hours ago
Efficiency First California's blog post was featured

Building a Clean Energy Future, Respect for the People Who Will Build It

You don’t need to spend a great of time deal in the policy world before you hear a conversation…See More
14 hours ago
Efficiency First California posted a blog post

Building a Clean Energy Future, Respect for the People Who Will Build It

You don’t need to spend a great of time deal in the policy world before you hear a conversation…See More
yesterday
Profile IconDavid G. Tamutus and Sharon Block joined Home Energy Pros
yesterday
Gary Reed added a discussion to the group Job Board
Thumbnail

HOME ENERGY ADVISORS WANTED (NEW YORK STATE: Saratoga & Glens Falls Region)

We are currently seeking experienced HOME ENERGY ADVISEOS to join the Jack Hall Plumbing &…See More
Monday
Profile IconGary Reed and Kurt Shafer 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
Monday

Home Energy Pros

Welcome to Home Energy Pros – the unique digital community by and for those who work in the home energy performance arena.

Home Energy Pros was founded by the developers of Home Energy Saver Pro (supported 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. Please honor our Guidelines

© 2017   Created by Lawrence Berkeley National Laboratory.   Powered by

Badges  |  Report an Issue  |  Terms of Service