Real Estate Agent gives home buyer a $250 rebate for Energy Audit

Sue Zaitz of Re/Max College Park helped her buyer receive a $250 rebate through the C.A.R.  energy audit rebate program called R.E.A.P.

Contact GoGreen Lending to receive the details and how to help a Realtor promote HERS audits and EEM financing for their home buyers.

Homeowner uses 203k streamline and EEM Combo at Go Green Lending

A homeowner in San Diego needed funds to finish a master bedroom remodel and receive rebates from the San Diego Energy Upgrade California utility rebate program. Christian Asdal of Get-Green Remodeling and President of the San Diego Efficiency First Performance contractor trade association is the contractor for the project and EUC rebates.

The 203k streamline and EEM GoGreen Lending Hybrid loan program provides cosmetic and energy upgrades for homeowners and home buyers.  This financing in San Diego is funding $36,500 to complete their project.

Tip of the Week: You can use the GoGreen Lending Hybrid Loan program to purchase property in its As-Is condition!

Home Buyer receives $16,000 with EEM for Energy Efficiency Upgrades

Our home buyer wanted new windows for the home he was purchasing.  This home was an REO and was rehabbed by an investor.  They did a nice job on the cosmetic upgrades but, did nothing for energy efficiency.  We approved an EEM which finances 100% of cost effective improvements and the borrower is going to receive, new Energy Star HVAC, JELD-WEN windows, insulation in attic and walls, air sealing, wrap of hot water piping and $1,000 in utility rebates.  Wes Harding of Harding Construction was awarded the construction job and John Shipman of Energy Efficiency Management was the HERS Rater.

Energy Efficiency Mortgage: $16,000 100% financed!

At GoGreen Lending we specialize in Energy Efficiency Mortgages EEM’s and 203ks rehab loans for cosmetic and green upgrades for home owners and home buyers.  We recently completed a HERS audit using the CalCerts Energy Pro software and generated just over $16,000 in cost effective energy efficiency upgrades on a 900 square foot home in Long Beach.

SOLAR PV BOOST HOME RESALE VALUE

Lawrence Berkeley National Laboratory released a large-scale study into the re-sale value of homes with a solar PV system as reported in SF Gate.

"The researchers analyzed the sales of about 2,000 solar homes in California from 2000 through mid-2009 and compared the prices to those of 70,000 comparable houses without solar. On average, a solar system added about $5.50 per watt to a home's resale value. For a home with a typical 3.1-kilowatt solar system, that represents an extra $17,000 above the cost of a comparable, nonsolar home.

During the same period, the study found that a typical residential solar system cost about $5 per watt."

The increase in value was more obvious with existing homes, the study showed. The cause of the increase likely has multiple elements, such as the owner asking more for the home, or even the profile of the buyer drawn to the home with solar pv. Read more

Contractors paid half up front...