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General Information

Making the decision to “go green” doesn’t necessarily mean that all the “green” has to come from your wallet. 

Before you get retrofitted work done, make sure that you will maximize your incentives and qualify for rebates.  Incentives and rebates are based on where you live and which utility company transports your energy.  Federal, State, and local governments, as well as utility companies, have rebate programs available to help you finance a home energy audit and subsequent upgrades. For a complete list of available rebates, loans, and tax credits visit the Database of State for Renewables and Efficiency (www.dsire.org). Please note that Eko Smart Solutions will research and file your incentives and rebates for you if you decide any type of retrofit at no additional charge.

The Federal Housing Administration’s (FHA) Energy Efficient Mortgage (EEM) program helps homebuyers or homeowners save money on utility bills by enabling them to finance the cost of adding energy efficiency features to new or existing housing as part of their FHA insured home purchase or refinancing mortgage.  In order to qualify for an Energy Efficient Mortgage or Improvement loan, the improvements need to reduce the mortgage the same amount or more than the additional cost of the loan, thus making your home more efficient will not increase your overall monthly expenses.

For Example, say you added $7650 to the principle of your mortgage through an Energy Efficient Mortgage in order to pay for new insulation, furnace, and hot water heater. Adding this principle would increase your monthly mortgage payment by $40. However, the average savings on monthly utility bills will be $52. This gives you $12 in saving each month.  The additional mortgage is paying for itself.

Often people worry about up-front costs of energy efficiency upgrades. This is the perfect way to spread the savings and the costs out while enjoying the upgrades right away. Eko Smart Solutions can help you find a bank or a broker to finance Energy Efficient Mortgages or Energy Improvement Loans.