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WHO BENEFITS FROM THE ENERGY EFFICIENT MORTGAGE? Buyers:
Sellers:
Pay for energy improvements easily,
through your mortgage. Your lender can increase your loan
to cover energy improvement costs. Monthly mortgage
payments increase slightly, but you actually save money
because your energy bills will be lower!
If included in the mortgage, solar will increase
your payment by the average of $19.00 per month while reducing your
utility bill by $25 to $45 per month; thus, giving the homeowner a
positive cash flow from day one. Example: But that's not the only benefit!
Installing a Solar Water Heater can also help you qualify for an
Energy Efficient Mortgage (EEM). The advantages of an EEM include a
reduced down payment, lower closing cost or an increased debt-to-income
ratio. This debt-to-income ratio stretch means you qualify for a larger
mortgage. So, when you're deciding what to include in your new home,
remember that solar is the only household appliance that pays for itself
over and over again. Other water heating systems, like electric and gas
require never-ending monthly utility payments. The sun's energy is FREE.
THE BIOS BUILDING TECHNOLOGY CENTER 15,500 square feet of prime residential and commercial space dedicated to showcasing the best of green building and design technologies as well as a BALANCED LIVING CENTER that will be a combination of businesses and services that promote health and wellness. Coming Soon to 72 Railroad Street in New Milford, CT
Zero-Energy - Affordable - Green - Automated - Sustainable Homes, Churches and Commercial Buildings |
