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The average U.S. home uses the energy equivalent of 1,253 gallons of oil every year.  If 10,000 Biters converted to Energy Star-qualified homes, each year the collective effect would be equivalent to removing 3,000 cars from the road

COCKTAIL FACT

The Federal National Mortgage Association (aka: Fannie Mae) was created by U.S. Congress in 1938 to help the housing industry during the Depression. It turned private in 1968.

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home ›   tip library ›   Home Energy Savings - Green Mortgage

Wondering how to pay for all your Home Energy Week improvements?

The Bite

Biter home owners, you could qualify for an Energy Efficient Mortgage (EEM) to help finance energy efficiency improvement projects.  Lenders calculate future home energy savings, holding up to 15% of the home's future appraised value in escrow to cover the cost of energy upgrades.

The Benefits

  • Energy improvements save you a lotta green in the long run - one third to one half on your monthly energy bill.
  • Increase the appraised resale value of your house by as much as 15%.
  • Through the Energy Policy Act, Uncle Sam gives tax credits to homeowners who conserve energy.
  • It’s easier than you think.  Just get a home energy audit to see what you need to do, and contact a lender to see about refinancing for your improvements.

Personally Speaking

Neither of us has plans to refinance anytime soon (well, Heather would like to just “finance” for the first time).  But we will go green when we do…

Wanna Try?



Refinance for Green

Not sure about you all, but dealing with house-hold administrivia is not one of my favorite things (as are rain drops on roses and ex-gay cowboys).  And I don’t have a PA (personal assistant) or BSM (big strong man) in my life to offload these things.

So the thought of having an auditor come out and give me a list of things to do, thereby increasing my hugungous to-do list, gave me some minor anxiety.  HOWEVER, that anxiety was just trumped by the fact that I lost my heat – the propane tank ran dry unexpectedly, so clearly my house isn’t as energy efficient as I had thought!

 

As I tried to fall asleep under 40 blankets, dressed in 2 pairs of wools socks, artic long underwear, a scarf wrapped around my head and the space heater practically shoved down my pants, I resolved to getting the energy audit done. I am sure there are some low hanging fruit type of fixes – like re-insulating in key places and closing off certain rooms that are not being used. I did put the water heater blanket on, which seems to help, and my windows and appliances are high performance, but alas, going through 400 gallons of propane in 2.5 months isn't that cool.  (It was however negative whatever degrees for much of that time.)

 

Biters – has anyone had an energy audit done yet?  If so, do tell!

 

Off to make the donuts - over the woodburning stove (don't you just love old commercials?) - Jen


Biter Comments...
I know it's not completely fair to have me weigh in on this topic since I was featured, but since so few people have actually experienced a full blown energy audit, let me share some of my knowledge of what takes place. Just so you know all of our clients have been really impressed with the energy rating process. The energy audit typically begins with a blower door test. This is where a calibrated fan blows air out of the front door of the home and simulates air blowing on all sides of the home at the rate of 50 miles per hour. This test will accentuate the areas where drafts are and identify where air is leaking in the home. This shows you exactly where to improve the caulking, air-sealing and weather stripping of the home. When the blower door is running, the windows and their seals are also inspected. You may be surprised to know that it matters less what kind of window you replace your existing windows with, but more importantly that they are installed correctly. This means that the installer seals around the window with spray foam to stop the air leaking around a window frame. You will save more energy with a lower grade window if it was installed correctly than with a high grade window that was not. If you know you have air leaking in around your frames and you’re cash strapped, hire a local handyman to take off the wood trim around your existing windows and have him spray in some spray foam insulation. The insulation is also visually inspected where ever possible and in some cases this may be done with an infrared camera. Infrared cameras allow energy raters to look behind a wall and see how effectively it has been insulated WITHOUT pulling down any drywall, plaster or siding down. Infrared pictures are an especially useful diagnostic tool when you don't want to tear into a wall just to find out what is going on behind a wall where you suspect problems. This part of an energy audit usually adds on additional cost as the equipment to do it is usually pricey. Duct work is usually the next item inspected. This is important because the energy rater can show you were you’re losing conditioned air before it gets to the rooms it was intended for. Most homes where the ducts are not sealed are losing approximately 30% of conditioned air the heating and cooling unit generates. When this happens you’re simply wasting money. Lastly, the heating and cooling needs of the home are also assessed. This piece is the most critical part of the audit. By knowing how the shell of the home uses energy, you can ultimately determine the appropriate sizing of the heating and cooling system for the home or structure. There are far too many contractors who install oversized equipment, and this is actually a serious problem if you're trying to save money. The first reason why contractors do this is that they may simply match what was in the home in the first place. If you recently added insulation to your home or improved air infiltration problems, you actually now require a smaller furnace because the heating and cooling needs of the shell of your home just went down. The second reason that contractors oversize equipment is because if they are building a home, they don’t want you to be cold and so they figure by putting in a slightly bigger furnace than the home needs they won’t be called back on comfort issues. Oversized heating and cooling systems for a home cause what the HVAC industry terms as short cycling. This is where your heating or cooling unit is turning on and off four to five times per hour in the heat of summer or the dead of winter. Ideally, the unit should run continuously for 40 to 50 minutes out of every hour to maintain consistent room temperatures and achieve more comfortable humidity levels. Most homeowners don't realize that when the heating and cooling unit first turns on, it goes through a startup process that will use more energy in the first 3 minutes than it will use in 30 minutes. If a unit short cycles four times an hour, it's using as much energy as it would running two hours continuously. An energy rater will tell you what size of furnace your home needs. And a word to the wise, a smaller furnace costs less money. So in the process of making sure that you're getting an efficient furnace, you'll save money by not getting one that is too big for the home. Keep in mind, if your home is always cold and drafty, replacing the furnace with a high efficiency one may not solve your problems, you’ll need to also address how the shell of the home performs at the same time to maximize your energy savings. For anyone considering doing an Energy Efficient Mortgage, you don't need to worry about all the above, or making sure that your contractors are installing the equipment properly. The mortgage process will typically connect you with reputable contractors who's sole focus is to make sure that the home's efficiency is improved. It’s also usually our responsibility on coordinating the energy rating for the home as well. Hope this helps! Joel Wiese Manager Indigo Financial Group
Nazir Says... conserving energy is so important in the light of the current environmental issues that everyone should do something to protect our world.. I do believe that our politicians only get involved in situations when there is political mileage to be gained.. But, the ordinary man in the generic sense can make a huge difference to our world, to our planet and to our future generations.. and I hope that difference is made... and soon.. Finally, please please do you bit..
It allowed so many people to be tricked into a life style that could not be afforded by most under normal circumstances http://refinance-73664s.krantik.info/
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