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The SAVE Act Coalition Fact Sheet

The SAVE Act, introduced by Senators Isakson (R-Ga.) and Bennet (D-Co.) on June 6, 2013, is proposed legislation that would instruct federal loan agencies to assess a borrower’s expected energy costs when financing a house. Better information about a homeowner’s monthly expenses will, at no cost to taxpayers or the current deficit: Enable better mortgage … Continued

Assessment of Energy Efficiency Achievable from Improved Compliance with U.S. Building Energy Codes

This report presents the results of a state-by-state analysis of the potential energy and cost savings from improving compliance with building energy codes to 100 percent from current levels. The report also examines 45 statewide compliance evaluation studies, providing a summary of evaluation methods and key findings. Evidence in most states indicates that staggering rates … Continued

Home Energy Efficiency and Mortgage Risks

Many have theorized that energy-efficient homes should have lower default risks than standard homes because the former are associated with lower energy costs, which leaves more money to make the mortgage payment. However, few empirical studies have been conducted due to limited data availability. This study examines actual loan performance data obtained from CoreLogic, the … Continued

Home Energy Efficiency and Mortgage Risks: Executive Summary

Many have theorized that energy-efficient homes should have lower default risks than standard homes because the former are associated with lower energy costs, which leaves more money to make the mortgage payment. However, few empirical studies have been conducted due to limited data availability. This study examines actual loan performance data obtained from CoreLogic, the … Continued

Analysis of Job Creation and Energy Cost Savings From Building Energy Rating and Disclosure Policy

Major U.S. cities and states, including New York City, San Francisco, the District of Columbia, and California, now require building owners and operators to comparatively rate the energy performance of their buildings and disclose building energy-performance indicators to the marketplace. Existing policies are projected to impact more than 4 billion square feet of floor space … Continued

U.S. Energy Rating and Disclosure Policy Would Yield 59,000 Net New Jobs in 2020

An analysis conducted by the Institute for Market Transformation (IMT) and the Political Economy Research Institute (PERI) found that a rating and disclosure policy for commercial and multifamily residential buildings applied nationally would result in significant job growth, consumer energy savings and increased private investment in energy efficiency improvements. The analysis found that such a … Continued

Utilities and Building Energy Codes: Air Quality and Energy Savings Opportunities

Utilities are uniquely positioned to harness the energy savings from improved compliance with codes, yet fewer than 10 states have legislative or regulatory approval to count energy savings from building codes toward energy efficiency resource standards or utility-filed energy efficiency programs. This fact sheet by IMT and the Institute for Electric Efficiency explores the opportunities … Continued

The SAVE Act: Driving Job Creation and Consumer Energy Savings

The Sensible Accounting to Value Energy (SAVE) Act of 2011 is proposed federal legislation which calls for inclusion of energy costs in underwriting for federally financed single-family mortgages. Over time, the SAVE Act would drive growth in energy-efficient home construction and energy efficiency upgrades in existing homes, generating 83,000 jobs and $1.1 billion in consumer … Continued