Investment Opportunity…
…Affordable Price
Financing: Our company strives to help you afford renewable energy technologies by working within your current operating budget with a view of significantly decreasing it over a period of time through the savings that may be possible by switching to free energy resources.
The savings that you may generate over time by investing in a renewable energy improvement for your home or business could allow you to pay off a loan for that same improvement. Higher savings would be nice, wouldn't they? It's what's left in your pocket that counts!
In general the improvements made to your home or business are considered capital improvements which add to the value of your real estate investment. Wouldn't you like to have higher equity?
Adding some form of renewable energy may in time improve the market value of your property as compared to similar properties dependent on conventional energy resources. Would a higher resale price be desireable?
Some banks are beginning to see the advantages of energy efficiency. A building that uses less energy or one that uses a greater proportion of free energy rather than costly conventional energy allows the owner to have more money available to pay a mortgage. Thus your loan qualifying limits could increase! What would you use the extra money for?
Some banks are beginning to see the advantages of energy efficiency. A building that uses less energy or one that uses a greater proportion of free energy rather than costly conventional energy allows the owner to have more money available to pay a mortgage. Thus your loan qualifying limits could increase! What would you use the extra money for?
Energy Efficient Mortgage (EEM) programs are available from government and conventional sources. The U.S. Dept. of Housing & Urban Development (HUD) and the Federal Housing Authority (FHA) focus on first time homebuyers and residents in disadvantaged neighborhoods. Fannie Mae and Freddie Mac also have EEM packages for home buyers and home improvement.
Many of these financing programs start with a Home Energy Rating System (HERS) report. Typically for a fee from $150 - $400, a home is evaluated for energy related features such as insulation, window efficiency, window-wall ratios, heating and cooling, and air leakage. The report provides an energy rating and estimated annual energy costs as well as a cost versus payback analysis.
Incentives: There are many incentives and rebate programs available both on a state and federal level. Visit www.dsireusa.org for information about programs in your area.
The Residential Energy Services Network is another valuable resource for energy ratings and energy mortgages.
