Saving Money With Green Renovations
Spurred by corporations and consumers with an eye on the bottom line, the green building industry grew from $7 billion in 2005 to nearly $12 billion last year. The reason for the growth is economics, building green saves money.
Many homeowners who undertake green renovations aim to improve energy efficiency. As they should, it’s a no brainer these days with ballooning energy prices. The facts are that studies have shown green building projects cost just 2 - 10% more than their non-green equivalents, but can save on average over 20 - 50% annually on energy bills. What’s even bigger to some homeowners is that green homes fetch more on resell, as much as 6% more for many homes. When you ice that cake with Government incentives and utility company credits you reap even more savings. So, you have a project that cost 2 - 10% more, which you can more than recoup your first year through incentives and energy savings, you can garner a premium when you sell AND you save money every year you own the home. Why wouldn’t you build green?
Contact us today to find out the new incentives that were passed in the recent Housing Bill to help make Energy Efficient Mortgages and Green Renovation cheaper and more accessible.
Jonathan Blackwell
404-551-3845
Going green is the way to go. We have done a couple of loans this month with energy efficient improvements, especially windows and appliances, and they haven’t cost much more than their less efficient equivalents.