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Home Energy Ratings: A Primer
How the Housing Industry Uses Home Energy Ratings
Consumers
- Determine the relative energy efficiency of a residence when
purchasing a home.
- Make educated decisions when investing in cost-effective
energy improvements to the home.
- Add the cost of making the energy improvements to the mortgage
loan through an energy improvement mortgage.
- Qualify for a higher quality, energy efficient home.
Builders:
- Market the energy efficient features of a home.
- Qualify more potential home buyers for the home.
- Finance the energy efficient features exceeding code through
the FHA Energy Efficient Mortgage Program.
- Demonstrate compliance to state energy codes.
Real Estate Agents:
- Present information on the energy efficiency of a home in
non-technical and easily understandable terms (Star rating).
- Market the energy efficient features of the homes they are
selling.
- Identify energy efficient homes on the market for their
clients through the Multiple Listing Service.
- Mitigate the lower selling price of inefficient, existing
homes through energy improvement mortgages.
- Receive accredited training to recognize and market the energy
efficiency of a home for state occupational licensing requirements.
Lenders:
- Present information on the energy efficiency of a home in
non-technical and easily understandable terms (Star rating).
- Determine the relative energy efficiency of the home being
financed.
- Increase confidence in the home's marketability in case of
default.
- Participate in energy mortgage programs.
- Receive Community Reinvestment Act credits.
Appraisers:
- Present information on the energy efficiency of a home in
non-technical and easily understandable terms (Star rating).
- Verify a home's relative energy efficiency through an
independent source.
- Factor a home's energy efficiency into the appraisal.
- Have access to a statewide data base for comparing market data
on homes according to their relative energy efficiency.
- Receive accredited training on valuing the energy efficient
features of a home in the appraisal for state occupational license requirements.
Public Housing Authorities/Affordable Housing Programs:
- Identify cost-effective improvements to the housing stock.
- Document energy efficient improvements to housing.
Utilities:
- Is cost-effective method to deliver residential energy
efficiency programs to all classes of consumers.
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