Energy Efficiency and Traditional Mortgages
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As an EcoBroker, I am able to share with you some of the outstanding articles they have provided to us, this one is on enery efficiency and mortgages and how "green" mortgages are out there...please enjoy the article and please let us know if we can help you find your "green mortgage." We can be found at www.YourSummitRealEstate.com Snapshot & Benefits: Solar photovoltaic (PV) systems (converting sunlight into electricity) provide a great example. An initial first cost of $10-$20,000 can be daunting to a homeowner who normally must wait 10 to 20 years for savings in electric bills to accumulate to a "break even" point. By incorporating the solar photovoltaic system's "first cost" into a 20- or 30-year mortgage, the incremental monthly cost of solar can be less than the monthly savings on the electric bill. Estimated Cost Savings: Issues: Regional Issues: Be encouraged by the story of seat belts in automobiles in the 1960s. Initially widely resisted by car manufacturers, safety and security are now critical to making new vehicles attractive to all types of buyers. Today, no car, regardless of how low its price, can succeed without a high level of safety equipment. Like seat belts in the 1960s, energy efficiency is emerging as a new area of competition. Installation (Getting It Done): More Information On This Topic: American Homeowners Association - Make the Most of Your Home Equity |