News & Opinions
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Lisa Prevost / June 27, 2013
Consumer demand for high-efficiency homes is rising. But the value of “green” isn’t always factored in by appraisers, and is typically ignored by mortgage lenders.
A bipartisan Senate bill supported by a broad coalition of business, real estate, energy and environmental groups seeks to put energy cost savings into the underwriting equation. Called the SAVE Act (for Sensible Accounting to Value Energy), the legislation could make energy-efficient features more affordable to average-income home buyers by allowing them to qualify for a larger loan amount.
The legislation wouldRead More