Posts Tagged ‘energy’

Energy Efficient Mortgage Helps With Rising Energy Costs!

Sunday, July 11th, 2010

When the summer and winter approach many people are more comfortable in their energy efficient homes during the hot and cold seasons. It is not only the future high costs of energy that concerns many people today, but the climate change.

Borrowers must first tell their lender they want an EEM. The process of getting one starts with an energy rating, or acceptable documentation. Then the borrower decides what improvements they want and they apply for a loan.

In one mortgage, a borrower can finance cost effective energy saving measures and also stretch debt to income qualifying ratio increasing the borrowing power. The unique mortgage allows borrowers to include the costs of energy improvements into the mortgage. The value of the home is adjusted by the value of the energy efficient upgrades.

The Energy Efficient Mortgage (EEM) is typically used to buy a new home that is already energy efficient. Energy Star homes are qualified homes. Homes not rated typically require a certified n energy star rater, an independent certified residential energy professional, to conduct a comprehensive evaluation of the home’s energy use to produce a home energy rating. The energy rating is a measure of the homes energy efficiency using methodology that is uniform throughout the United States. The national guidelines are referred to as HERS guidelines – the Home Energy Rating System. This comes before the financing is approved. It provides the lender with the estimated monthly energy savings and the value of the energy efficiency measures – known as Energy Savings Value.

The Energy Improvement Mortgages (EIM) was developed so homebuyers of an existing home could finance more money to make their home more energy efficient. No need for more funds for down payment, the EIM is included in the purchase mortgage for existing homes that need energy efficient improvements without increasing the down payment. The savings in utilities finance the energy improvements. EIM’s are available to homeowners wanting to refinance their energy improvements too.

EEMs are sponsored and nationally underwritten by FHA VA and Conventional secondary mortgage institutions market lenders Fannie Mae and Freddie Mac.

Thrift conscious consumers are applying for the EEM today; they are financing and spending more on housing expenses initially because they know they will spend less on their energy costs over time. It is the health of their families, and the future high costs of energy that concerns many people today.

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Make Your Office More Green

Saturday, May 15th, 2010

Going green in the office should be good for the staff and for the company but despite this, many firms will struggle to implement green initiatives unless they have a specific policies in place and a member of staff prepared to champion the green cause.

This is because making changes requires time and effort, as well as in some cases an initial outlay of capital, whereas doing nothing, even if that means higher ongoing costs, is often the easy option.

If you have the ability to make and implement decisions that can have a positive (or negative) green impact on your office you should be considering the environmental impact of those decisions as part of the decision making process.

This does not mean that if you are not in a position to authorise changes within your company that you can not initiate these changes, although it does mean you may have to work harder to make an impact by assessing where improvements can be made and making the case to those who do have the power to make changes.

As with many things, simple steps can have a large positive impact. Two areas that can have immediate green advantages without significant cost expenditure are in the areas of recycling and energy use.

Rubbish and recycling collections may be organised by your company or through the building management and whilst changes to the provision of waste collection will require cooperation from the current provider, changes will also need the involvement of staff and your daily cleaners. Many refuse collection services now work on the basis of collecting office rubbish in the categories of general recycling and non recyclable waste. There is usually a cost advantage in sorting waste with the recycling being cheaper to dispose of than rubbish that goes to landfill, so this could be a good starting point to introduce a change within your office, but it will also mean that staff need to be committed enough to sort rubbish into the respective types. One way to make the task of sorting rubbish easier is by removing the traditional under desk waste bins and providing central refuse stations within the office, so that staff have to make a conscious decision in disposing of their rubbish.

Energy use is another area where small changes can have cost advantages. Any refurbishment programme should incorporate energy saving elements like sensors on lights and energy efficient equipment. Even if there is no planned capital spend replacing old bulbs with energy efficient ones and reducing the temperature of the heating in winter or turning down the air conditioning in summer can have a positive green impact with little or no cost implications to implement.

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Save Resources, Make Greener Houses

Tuesday, April 13th, 2010

The decision to build a home can be very crucial especially when it can affect your future. There are things to gather and you also have to think about saving energy. Energy can be consumed in various procedures such as the building process itself, or otherwise in the transportation or assembly of material. That is why you may find the modular home prices quite reasonable, especially because such structures are constructed while keeping in view the principle of saving energy. That is why they are sometimes known as green houses.

As for the ideal house, it is the one in which energy consumption is minimum, not only during construction but also after it has been erected. For instance, a house that can comfortably meet the energy requirements of its inhabitants without wasting too much energy can be actually classified as greener house. Here are some steps that can assist you in erecting such a house.

Purchase Local Materials

In most countries, some local materials, which are environmentally friendly, are available. These include renewable trees and straws. The best part is that they do not need much processing, and their transportation costs are quite low. Using inexhaustible and abundant supplies such as rocks and sand can be used to construct beautiful buildings that can blend well with their surroundings. The best part is that they are also locally available.

Erect Long-lasting Structure

Though the structure is constructed from sustainable materials, it still needs to be durable. Speaking of durability, the structure should last long against all odds. Builders believe that the house should be constructed to last for a few decades, after which it would be decimated to make a better one. With this approach in mind, they utilize bad construction material. The buyers, however, desire a house that can last longer, so you should always inspect the material being used.

Use Sustainable Energy Only

The replacement of fossil fuels with natural resources can be a way to go. You can efficiently conserve energy by using renewable resources for electricity generation. The most practical and the most popular renewable energy resources are, of course, wind solar and water. Solar panels and wind turbines can be fitted to your rooftops. Moreover, you can further conserve energy by using energy efficient appliances, energy saver bulbs, and of course turning off your appliances completely rather than leaving them on standby.

Small Is Better

There is a common misconception that big is beautiful. This is not completely true. A well proportioned house is the one that looks spacious even if it is small. Thus, you must curb the urge to construct a large mansion! Normally such houses use huge amounts of energy, and the combustion of fossil fuel usually result in the emission of greenhouse gases and other pollutants. While planning your house, do not forget to think about the space you really need.

The plan for a greener house is a reality now. If you are stuck on making crucial decisions in this regard, then you can contact a local authority to get relevant information. It might take some extra work and money from your side but at the end of the day you will find living in such a house very economical.

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