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22
May

Energy Efficient Mortgages (EMMs) – What Are They?

by Tiffany in A Green Home

green house remodel with Energy Efficient Mortgages

With the effects of global warming becoming more noticeable, it’s very important to be environmentally conscious. Fortunately, there are many opportunities available to save money and help the environment. Green mortgages are one of these fantastic opportunities.

What is a Green Mortgage?

Green mortgages are special types of mortgages and are backed by the government; these mortgages are also known as energy efficient mortgages. These mortgages will help you have a home that’s more energy efficient; you get to borrow money for the sole purpose of making your residence more energy efficient.

Benefits of an EEM

One of the benefits of obtaining a green mortgage is the fact that you can upgrade your house. You will be able to purchase high-quality, energy efficient devices and items that you might not have been able to purchase normally. An EEM makes these upgrades a real possibility. Anything from insulating windows to eco-friendly HVAC systems can be used to upgrade your home.

Another benefit of getting an EEM is the amount of money you can save. Upgrading your home to an energy-efficient residence will help insulate your house more effectively. This will help you save money on heating and cooling. Energy-efficient HVAC systems and tankless water heaters will also allow you to save a lot of money because they are very efficient. Almost every item you use to upgrade your house will save you money, so a green mortgage has many benefits.

Green mortgages give you the ability to make your home very energy efficient. This will increase the value of your home.

Overall, homes that have become energy efficient with help from an EEM will be insulated and comfortable during every season, and the cost of utilities will be a lot lower.

How EEMs Help the Environment

Green mortgages help the environment in several ways. Homes that use a lot of energy because their appliances and HVAC systems aren’t energy efficient will cause larger amounts of pollutants to be released in the air. Energy is produced by fossil fuels, but using these fuels causes carbon dioxide and other gases like nitrogen to pollute the air.

Energy efficient devices drastically cut the consumption of energy, so a lot less pollutants are released into the air. Furthermore, energy efficient homes use less energy, so less of the Earth’s resources have to be procured. Green mortgages make homes more energy efficient, so these environmental benefits come as a result.

How to Obtain an EEM

If you’re looking to get an EEM, you must find a mortgage lender who can give you one. First, you need to know how energy efficient your home currently is and what improvements should be made. You can’t choose what should be upgraded; you need to have an Energy Rater come to your house. They will thoroughly check your home out, and rate it. A HERS report will be made, and what improvements you can make will come from that report.

EEMs have many advantages for people, their homes, and the environment.

Wednesday, May 22nd, 2013

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