The mortgage that will pay to make your home more climate-friendly

With climate change becoming an ever-increasing concern, many homeowners are looking for ways to make their homes more sustainable and eco-friendly. However, the cost of upgrades and renovations can be prohibitive for many people. This is where a new type of mortgage is making a difference, by providing homeowners with the funds to make their homes more climate-friendly.

This mortgage, known as an “energy-efficient mortgage” or EEM, is designed specifically for homeowners who want to make energy-efficient upgrades to their homes. These upgrades can include things like installing solar panels, upgrading insulation, and replacing windows and doors with more energy-efficient options.

The EEM is unique in that it allows homeowners to finance these upgrades as part of their mortgage, meaning that they can spread the cost of the upgrades over the life of their mortgage. This can make it much more affordable for homeowners to make these upgrades, as they do not need to come up with the funds upfront.

In addition to making it more affordable for homeowners to make energy-efficient upgrades, the EEM also has other benefits. For example, because the upgrades make the home more energy-efficient, homeowners may see a reduction in their energy bills, which can help offset the cost of the upgrades over time. Additionally, because energy-efficient homes are becoming increasingly popular, a home with energy-efficient upgrades may be more attractive to potential buyers if the homeowner decides to sell their home in the future.

To qualify for an EEM, homeowners will typically need to have an energy audit conducted on their home. This audit will identify areas where energy-efficient upgrades can be made and will provide an estimate of the cost of these upgrades. The cost of the upgrades will then be added to the mortgage amount, and the homeowner will pay for them over the life of the mortgage.

In summary, an energy-efficient mortgage can be a great option for homeowners who want to make their homes more sustainable and eco-friendly, but who may not have the funds to make these upgrades upfront. By spreading the cost of the upgrades over the life of the mortgage, the EEM can make it much more affordable for homeowners to make these upgrades, while also providing a range of other benefits, such as reduced energy bills and increased home value. If you’re a homeowner looking to make your home more energy-efficient, an energy-efficient mortgage may be the perfect solution for you.