Making homes more energy-efficient is a huge opportunity to both save money AND reduce polluting emissions. By one estimation, increasing the energy-efficiency of every home would reduce the release of planet-warming gases even more than by making every car an electric vehicle. Energy saving upgrades not only save money they also make the home more comfortable. What’s not to like? The trick is to come up with the cash to make it happen. GHU is here to help you make those upgrades with virtually no out-of-pocket cost.
“Seems fishy,” you’re likely thinking. But it’s not a gimmick or financial sleight-of-hand. Rather, it’s through the use of low-cost “green” mortgages. Typically, these kinds of improvements would require digging into savings or applying for a home equity loan. But a green mortgage can be gotten at a much lower rate, so low that the refinanced mortgage can make the energy cost savings greater than the cost of refinancing. The result is the homeowner’s monthly combined energy and mortgage payments are lower than they had been before the energy improvements were installed.
Research shows nearly 200,000 Wisconsin homeowners with current mortgages over 3% could both save money and shrink their carbon footprints by refinancing. Green Homeowners United makes it easy by providing energy assessments, calculating potential savings and connecting folks with lenders. After a preliminary assessment, GHU only moves forward with a project if the modeling shows that the homeowner will actually save money. (An initial $500 fee will be reimbursed through the green mortgage.)
Learn more from a recent Wisconsin State Journal article at: tinyurl.com/GreenMortgage . Or contact Chuck at IowaCountyClean@gmail.com or 608-341-0641.
This is likely the single most important step mortgage-holding homeowners can do to lower their family’s greenhouse gas emissions while creating a more valuable and comfortable home. So have your cake AND eat it too while building a better world right here where we’re all forever… Earthbound.