Did you know that American homeowners spend more on energy than on real estate taxes? The SAVE Act (S. 1106) is a bipartisan bill that accounts for energy efficiency in Federally-backed mortgage underwriting. The proposed legislation is supported by the Chamber of Commerce and the Appraisal Institute, giving solid credence to the growing evidence of the value – and value-creation – of energy efficiency improvement.
Benefits include:
- No cost to taxpayers
- Job Creation
- Better mortgage underwriting
- Reduced utility bills
- Affordable financing
The SAVE Act directs HUD to issue guidelines for borrowers who submit a qualified home energy report. Home builders and homeowners will have the option to recover the cost of efficiency investments. If you’ve been thinking about getting an energy audit and making your home efficient, there’s never been a better time to get ahead of the curve.
Find out more: www.imt.org/SAVE-Act
Brought to you by Monica Rokicki and the Better Building Works team.
