Asheville Homes and LAND!- The Keep In Touch Blog

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Energy Efficiency Loans Are Working

DAVE ROBERTS has GREAT NEWS!!!! Dave posted the following FEATURED POST at the
ECO-ALL-STARS Group at Active Rain. Says Dave, " ...energy efficiency loans, both residential and business, have performed extremely well..."  Please continue to read...good news is always welcome.

Calling prospects, holding an escrow together, prospecting for new leads, and wondering where the next transaction is coming from are the tasks that dominate our days. I suppose I could add blogging and doing our daily activities on Facebook to that list. Somewhere in that schedule, I want you to find a few minutes to read a press release on energy efficiency loans from the American Council for an Energy-Efficient Economy

American Council for an Energy Efficient Economy LogoThe summary is that energy efficiency loans, both residential and business, have performed extremely well across the country in a wide variety of programs. That includes the programs that have weathered the collapse of the housing bubble. In spite of the residential calamity we have all been living through, there's only a tiny default rate on the energy efficiency loans.

This study shows that energy financing for better windows, newer and more efficient HVAC systems, increased insulation and other energy efficiency home improvements make strong economic sense. The home owners or tenants save enough on utility bills to help pay back the loan. Once the loan is retired, the savings accrue directly to the owner. 

Many energy efficiency loan programs across the country already exist. We can do our part to help stimulate the economy, improve our housing stock, and put some of our contractor friends back to work by sharing the news about the success of these loans. If you have a local energy financing program, make sure they know about this study. If you know anyone trying to get an energy efficiency program started in your community, share this new information with them. 

One of the interesting factoids from this study was that even well run programs only reached half of one percent (0.5%) of eligible participants. That's a lot of room for improvement in expanding the programs that work and starting new programs where none exist now. It's hard to think of another program that can:

  • create new jobs
  • update the housing stock
  • save energy

Link to full study  (requires that you register)

 

 

 

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Comments

DAVE ROBERTS has GREAT NEWS!!!! Dave posted the following FEATURED POST at the
ECO-ALL-STARS Group at Active Rain. Says Dave, " ...energy efficiency loans, both residential and business, have performed extremely well..."  Please continue to read...good news is always welcome.

Posted by . 4Terra Land Brokers .. 828-776-0779 Asheville NC, What's Most Important to YOU? Call(828)-776-0779 ( REAL ESTATE RESOURCES & NETWORK ) almost 7 years ago

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