Bringing Today's Energy Efficiency To Yesterday's Homes

Reasons why home owners should have a energy inspection:

The information gathered during the energy audit is analyzed using specialized software to produce a comprehensive Home Energy Tune-uP® &  Report. The Report shows which energy-efficiency improvements would reduce energy costs and make the home more comfortable. The analysis takes into account regional variables such as local weather, implementation costs, and fuel prices.

• The Report contains estimates of the savings, costs and payback for each energy-efficiency recommendation.  It identifies the group of improvements that, if financed, will save more on energy bills than it costs. These are the improvements that everyone can make since they require no out-of-pocket cost when financed.
   

• The detailed Recommendations section enables contractors to provide preliminary cost estimates without a visit to your home. It also explains how to get the best energy savings from these improvements by listing related no-cost low-cost measures that you can take.

Energy improvements are unique because they reduce energy bills thereby increasing disposable income. 

Financing energy efficiency improvements as part of your home mortgage is the best way to go. You have the advantage of (1)low monthly payments due to a 30-year term and a relatively low interest rate; and (2) interest that is deductible from your income tax.

The improvements listed in the Improvements that Save More than they Cost section of the Tune-uP Report will automatically qualify for financing since they increase the value of the house without reducing disposable income.

• The FHA Streamlined  (k) Limited Repair Program is intended to facilitate  uncomplicated rehabilitation and/or improvements to a home for which plans, consultants, engineers and/or architects are not required.

  • The Streamlined (k) program includes the following energy-efficiency improvements:

    • Upgrade of heating/cooling systems and water heaters;

    • Weatherization, including insulation, seal-up  and window replacement;

    • Purchase and installation of appliances, including refrigerators, freezers, and washers/dryers.

  • It has a maximum mortgage amount for repair costs of $35,000.

  • It can be issued by any FHA lender.

  • It does not require a rating.

  • See HUD Mortgagee Letter 2005-50 details of the program.

• The unsecured Fannie Mae Energy Loan for $1,000 to $20,000 is available from a few lenders. The Energy Loan 10-year term and interest rates are generally better than those offered by contractors or suppliers, though not as good as the Streamlined (K).

• Some electric or gas utilities offer financing  for energy efficiency improvements, as well as rebates for energy  efficient appliances and heating and cooling systems. Check your utilities' website for more information about financing and rebates that may be available.