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RESTalk 75: RESNET Proposal on Energy in Mortgage Loans with Steve Baden

Jul 1, 2021


 “An investment in knowledge pays the best interest.”- Benjamin Franklin

How important are mortgage loans to the home performance industry?

What could be the impact on single-family home buyers if home energy costs were factored into the mortgage payment?

How does this process make energy-efficient homes more affordable for families?

Most homeowners have heard of the term PITI – the summary of costs in a mortgage payment – principal and interest on the loan plus property taxes and insurance.

And most all of us know the cost of energy to run a household, and of the energy savings possible if best practices are followed.

In today’s podcast Steve Baden (RESNET) describes for us the proposal put forth by RESNET to incorporate Energy Savings (ES) into the “mortgage equation”. This transforms the equation to PITI-ES.

Interestingly, the main driver for this is simply education; no legislation is needed.

Listen in to hear how this also impacts mortgage lenders, builders, and HERS® Raters and how you can get more people interested in pursuing this.

For more information see the policy white paper released by RESNET: www.bit.ly/RESNET-EnergyCosts

Listen to full episode here.