In 2011, the Sensible Accounting to Value Energy (SAVE) Act (S. 1737) was introduced, which would require federal mortgage agencies to ensure that energy costs are included in the underwriting process. SAVE would also direct the covered agencies to “make the necessary credit policy decisions to adjust the maximum permitted debt amounts or debt-to-income ratios for eligibility to accommodate inclusion of expected energy costs.” However, it was referred to the Senate Committee on Banking, Housing, and Urban Affairs, where it lays unaddressed.
While government can help, no one can help yourself like you can.
Energy Star • tinyurl.com/HPESEEM • Energy-efficient mortgages
Appraisal Institute • Residential Green and Energy Efficient Addendum • appraisalinstitute.org
Earth Advantage • High Performance Home Valuation Addendum • bit.ly/EAI_Addendum
Database on State Incentives on Renewables and Efficiency (DSIRE) • bit.ly/GreenLoans • Energy-efficient mortgages
An Introduction to Green Homes by Alan Simmons (Appraisal Institute, 2010)