Energy Mortgages 101
A new kind of green mortgage The demand for energy efficient homes and buildings has been growing steadily over the past decade, and people around the world are learning about the numerous benefits of building eco-friendly architecture. Along with helping the environment, energy efficient buildings and homes also consume less energy which helps owners save thousands of dollars on HVAC and electricity bills. There are a lot of people in the US that want to live in an energy efficient house, but don't have the money to purchase one. If you're interested in owning an eco-friendly house but don't think that you have the funds to do so, there is a way you can afford one. The Beginning In 1980 the federal government developed special mortgages for people who want to own energy efficient homes, or make improvements on their current home. Energy Efficient Mortgages (EEMs) is an umbrella term all of the different kinds of energy mortgages that are de...