30 Oct '13, 5pm

Energy-Efficient Mortgages: Another Way to Install Solar at Home

Energy-Efficient Mortgages: Another Way to Install Solar at Home

Energy-Efficient Mortgages: Another Way to Install Solar at Home posted by Matthew Wheeland on October 30th, 2013 [Editor's note: This is a guest post by Phil Georgiades, the Chief Loan Steward at VA Home Loan Centers .] While the costs of adding solar power to a home are coming down substantially, for some homebuyers, any expense is too much. Combining energy efficient mortgages, commonly called EEMs , with tax credits can make adding solar upgrades to a home possible without out-of-pocket expenses. You’re essentially getting paid to go green when you buy a home, and increasing the payback time of any solar units. It’s a method that few homebuyers, real estate agents and lenders are aware of. When Solar Upgrade government mortgages (FHA and VA Loans) are used to purchase a home, a buyer can install or upgrade solar at no cost. The solar upgrades are included in the home l...

Full article: http://1bog.org/blog/energy-efficient-mortgages-another-w...

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