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With
increasing energy prices in Utah and across the nation, the cost
advantage of a Utah
Energy
Star
labeled home is growing significantly!
Energy Efficient Mortgages (EEM) are an
important product available to home owners of energy efficient
homes. The EEM takes advantage of the increased affordability
of homes with energy-saving features by translating the energy
savings in efficient homes into greater buying power for the borrower.
The EEM benefits those buying new, energy-efficient homes or those
purchasing existing homes that need energy improvements. Almost
all mortgage companies offer EEM’s, it is up to you to select
the mortgage you want!
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| Typical
monthly increase in mortgage for an Energy
Star®
labeled home with $2,000 worth of energy efficiency improvements. |
$15.00 |
| Average
monthly savings on energy bills for families living in an Energy
Star® labeled home. |
$35.00 |
| Money
in your pocket each month. |
$20.00 |
| Estimated TOTAL
saved in one year. |
$240.00 |
| Savings over
the life of a 30 year mortgage |
$7,200.00 |
- The national
average savings on energy bills for families living in Energy
Star®
labeled homes averages $35 a month, or $420 per year. This can equate
to $7,200.00 for a standard 30 year mortgage.
- Energy
Star® labeled homes are more durable. This translates
into reduced maintenance costs since tight construction and energy
efficient windows reduce moisture and sun damage.
- Energy
Star® labeled homes have a higher resale value and market
appeal as well!
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