Loans For Energy Efficiency Improvements

If your interior windows are in good shape then installing storm windows is a quick way to increase your energy efficiency without going through the expense and the mess of ripping out your current windows says celia kuperszmid lehrman deputy home editor at consumer reports.

Loans for energy efficiency improvements.

Property owners have a few different financing options available to them for energy efficiency improvements. Energy efficiency loans are unsecured loans more like the personal loans or lines of credit that you can take out from a creditor. Unlike conventional loans they wouldn t face income requirements or credit checks and the obligations would stay with properties. An energy efficient mortgage is a mortgage backed or secured loan which means that you use your property as collateral.

Storm windows can be a lower cost alternative to a full blown window replacement project. Energy efficient mortgages can be used to make energy efficient improvements in one or two unit existing and new homes. Home energy rating a home energy rating will help you qualify for an eem by telling you and the lender how energy efficient the home is. Most energy efficient financing programs offer both types of eems as well as home improvement loans for making energy efficiency upgrades to your existing home.

Energy efficient mortgages eems are similar to a standard home mortgage in that they use your property as collateral for a loan.