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Owning or choosing to purchase an energy efficient home can lead to significant cost savings for many moderate- and middle-income homebuyers, according to a University of North Carolina study of 71,000 U.S. home loans originating between 2002 and 2012.
Energy Star homes “provide documentable savings of 15 percent or higher on utility bills compared with houses containing minimal energy improvements,” the Washington Post reported, and homeowners in Energy Star-rated homes, the UNC study found, had an easier time paying their mortgages.
It’s well known that utility bills are often the second-highest monthly costs for homeowners — next to mortgage payments — and that energy-efficient technologies can play a huge role in reducing energy costs for families and business around the country.
High-performance rigid foam insulation, spray foam insulation, building wrap, window film and acrylic glazing — all made possible by chemistry — are just some of the technologies homebuilders rely on to help save energy and save you money every month, while creating a more comfortable living environment for your families.
That’s one reason why ACC supported the bipartisan Sensible Accounting to Value Energy (SAVE) Act, introduced last year by Sens. Bennet (D-Colo.) and Isakson (R–Ga.). The SAVE Act would instruct federal loan agencies to assess a borrower’s expected energy costs when financing a home and allow homeowners to finance energy upgrades as part of a mortgage.
Learn more about the SAVE Act at the Institute for Market Transformation. Download PDF.
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