| Building energy efficient homes and improving energy | | | | conditioning and water heater performance, |
| efficiency in our homes can increase their value. | | | | replacement of appliances in the home, and installation |
| Over the past few years, there has been a ground | | | | of energy efficient lighting such as Compact |
| swell of Green building interest by home buyers and | | | | Florescent Lamps (CFL's). |
| builders. In response to the growing demand to | | | | Other construction design aspects can have a |
| conserve energy in our homes, there are several | | | | significant impact on the energy performance of a |
| new mortgage programs that allow home buyers to | | | | home. Insulation levels should be adequate for the |
| finance the cost of energy improvements into their | | | | environment, and more importantly, proper installation |
| mortgage, to increase their loan-to-value, or improve | | | | of the insulation is critical in ensuring it is performing |
| their qualifying ratios. Some of the more common | | | | to the expected levels. Air infiltration and leakage can |
| improvements that are used to make homes more | | | | be another area where hidden openings in the building |
| energy efficient include the addition of new windows, | | | | shell can cause heat and cooling losses to occur, |
| high efficiency heating/cooling systems, and improved | | | | reducing the efficiency of the home's performance. |
| insulation. All of these contribute to reduced energy | | | | In addition to performance of individual components |
| use, and also to making homes quieter, more | | | | in a home, the EPA's Energy Star Program also |
| comfortable, and more desirable. | | | | works with builders to qualify and certify home |
| Mortgage Programs | | | | performance, to ensure that maximum performance |
| These programs allow buyers to purchase a more | | | | is achieved. ENERGY STAR® qualified homes are |
| expensive home that has a lower cost of ownership | | | | designed to be at least 15 percent more energy |
| to offset the larger mortgage payment. There are 2 | | | | efficient than homes built to the 2004 International |
| types of financing options available that cover a | | | | Residential Code (IRC). ENERGY STAR® qualified |
| variety of scenarios for energy efficient homes.o | | | | homes offer homebuyers all the features they want |
| Energy Efficient Mortgages (EEM's) allow borrowers | | | | in a new home, plus energy-efficient improvements |
| to qualify for a larger loan, using expanded income | | | | that deliver better performance, greater comfort, |
| ratios, sometimes with the same down payment.o | | | | and lower utility bills. |
| Energy Improvement Mortgages (EIM's) allow | | | | ENERGY STAR® homes have had their energy |
| borrowers to include in the mortgage the cost of | | | | efficiency independently verified by an inspector |
| making an existing home more energy efficient, when | | | | known as a Home Energy rater. A HERS Rater will |
| they refinance or purchase the home. | | | | inspect and test the home during construction, and |
| These products are available through your local | | | | verify that the home meets EPA's strict guidelines for |
| mortgage brokers and banks using FNMA, FHLMC, | | | | energy efficiency. |
| FHA, and VA guidelines. | | | | RESNET; Establishes rules for the energy rating |
| EPACT 2005-2008 provides $2000 Builder Tax Credit | | | | industry |
| The Energy Policy Act of 2005 established a federal | | | | In 1995 RESNET was founded to develop a national |
| tax credit for builders that apply to each home that | | | | market for home energy ratings and energy efficient |
| exceeds the energy performance threshold outlined | | | | mortgages. One main goal of RESNET was the |
| in the 2004 International Energy Conservation Code | | | | development of standards for quality of rating |
| (IECC2004). Eligible homes must be at least 50% | | | | services. The standards set the national procedures |
| more efficient than homes built to the IECC2004. It is | | | | for home energy ratings, and include testing and |
| fairly easy for builders to achieve this threshold by | | | | accreditation for raters and providers, development |
| building tighter homes, installing high-performance | | | | of verification processes for homes meeting ENERGY |
| insulation, and sealing duct work. The best way for a | | | | STAR® and energy efficient building standards, |
| builder to find out how to meet EPACT is to consult | | | | as well as meeting local Energy Code compliance. |
| with a certified RESNET (Residential Energy Services | | | | A certified HERS Rater follows a prescribed standard |
| Network) Home Energy Rater. In order for a builder | | | | for how a home is measured, verified and rated, and |
| to receive a $2000 tax credit, the home must be | | | | must comply with national standards to continue to |
| rated by a RESNET certified rater using IRS | | | | perform certified ratings. |
| approved software. For more information, visit | | | | What is an energy audit or HERS Rating |
| What makes a home energy efficient? | | | | A Home Energy Rating, performed by a Certified |
| The cost of heating and cooling a home represents | | | | HERS Rater, consists of a full visual analysis of |
| the largest cost of ownership, outside of the home | | | | components and aspects of the home, along with |
| mortgage expense. Everyone wants a home that is | | | | energy performance testing of air infiltration with a |
| comfortable to live in, and yet the costs associated | | | | tool called a blower door. Evaluation of home energy |
| with reaching a comfortable level can be very high. | | | | bills can also be included. A blower door slightly |
| Energy Efficiency can be defined as the use of | | | | de-pressurizes the home and determines the amount |
| products or systems that use less energy to do the | | | | of air leakage present. The home is compared to a |
| same or better job as conventional products. In | | | | hypothetical reference home which is based on the |
| home construction and performance, there are many | | | | IECC 2004, and the home is then provided with a |
| areas where energy efficiency can be achieved, to | | | | rating. The rating can be a numerical HERS rating or a |
| allow you to meet those desired comfort levels. | | | | 'star' rating based upon ENERGY STAR® |
| The EPA's ENERGY STAR® program has | | | | requirements. |
| developed a process for evaluating products used in | | | | Along with the actual performance rating, the |
| a home, such as appliances, windows, lighting and | | | | homeowner will be provided with details on areas of |
| other products that meet or exceed certain | | | | the home that need to be improved, in order to |
| efficiency standards or recommendations. When | | | | further save energy costs and improve the comfort |
| choosing products for a home, ensure the products | | | | and efficiency of the home. |
| meet Energy Star ratings. This can include furnace, air | | | | |