A few weeks ago I shared that “Greening the MLS” can help disclose the addition of energy efficient elements in residential construction and how that might affect the liabilities of the MLS system. Last week the Appraisal Institute introduced the Residential Green & Energy Efficiency
“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
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.
If you purchase an energy-efficient product or renewable energy system for your home, you may be eligible for a federal tax credit. Please note, not all ENERGY STAR qualified products qualify for a tax credit. ENERGY STAR distinguishes energy efficient products which, although they may cost more to purchase than standard models, will pay you back in lower energy bills within a reasonable amount of time, without a tax credit.