Energy-Efficiency and Mortages

December 14th, 2005 by Peter Schmelzer

We’ve only been blogging for a little while, but it seems that it’s time to resurrect an old post.

Ray Cox of Northfield Construction recently blogged this:

One of the questions I get a lot from customers is “If we upgrade our (furnace, insulation, doors, etc.) and lower our energy use and energy cost, will our mortgage lender give us credit for that?” I’ve never had a real good answer from any lender on that question. It would seem that if a client can build a home that will use $75 less energy per month, the resulting savings should be reflected in the client budget. Many of the energy saving features add some cost to a home, so the operational savings will pay for the up-front investment if the mortgage company factors in the energy savings.

Well, as this post from our past suggests, clients can get credit for being green.

We’re happy to share this information in the hopes of helping more homeowners become less energy-dependent. Perhaps more will step up to the plate, too.

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