The Facts About FHA’s Energy Efficient Mortgage

As the single largest housing expense after a mortgage payment, your utility costs can have a direct impact on how large a mortgage you can afford. You can save money on the cost of utilities by purchasing new energy-efficient heating and cooling systems or by making home improvements, such as weatherizing and insulating older homes and these investments can end up saving you money through lower utility bills.

Power Use – If you can’t measure it you can’t improve it.

What if you went to the grocery store each day or each week and at the end of the month the store sent you a bill for all the food you’d bought. No specifics details on how many gallons of milk or boxes of cereal, just a big bill and a thank you. Well, that’s how we buy electrical power. One bill, you have no idea which room or appliance used the product or if your meter has made a math error. How can you effectively manage something you don’t measure? It’s simple…you can’t.

We Want to Sell and Want to Know the Value of a Home Energy Rating

Statistics show that lowering home energy usage directly improves value. This notion is supported by Fannie Mae, Freddie Mac, ENERGY STAR, FHA and VA financing instruments. When you increase the value through energy savings the increase is recognized in the new loan. A potential buyer will consider cost to operate the home, but only if informed. Information and education is the key to using the homes energy consumption as a sales marketing tool.

New Homes Getting Smaller

“Home buyers are finding that they would prefer to spend their housing budget on lower energy costs and features, rather than sacrificing that quality for more space,” said Central MS energy rater and home builder Gary Smith. This sentiment was mirrored in the 2007-2008 Consumer Preferences Survey conducted by the National Association of

State Energy Efficient Appliance Rebate Program

ARRA allocated $2.8 million to Mississippi to develop and administer a residential rebate program for the purchase of ENERGY STAR-rated appliances. MDA’s Energy Division will partner with utility companies and retailers to promote the program statewide, encouraging Mississippians to replace existing, energy inefficient appliances with new ones. This rebate program will save energy and stimulate the economy by encouraging consumers to replace old appliances with new ENERGY STAR qualified models.

Black and White Premium WordPress Theme
Optimized with PageSpeed Ninja