Thursday, February 5, 2009

What is an Energy Efficient Mortgage and How Can I Get One?

If you are considering home ownership in this buyer’s market, it is important to know that the U.S. Department of Housing and Urban Development works with lenders to make the purchase of an energy efficient home—or energy efficient improvements to an existing home—more appealing and more affordable than ever before.

Many lenders offer what is called an energy efficient mortgage (EEM), which works in much the same way as a regular mortgage, with a few additional qualifications:

To qualify, the green potential of the home must be assessed through a Home Energy Rating System report, whereby a trained Energy Rater will assign your home a score between 1 and 100, based upon a variety of factors such as insulation, appliances, windows, climate, and utility rates.

    A low score indicates that the home is not very efficient, while a higher score indicates an efficient home.

    If it is determined that you will save money by implementing energy upgrades, the lender will approve the EEM.

    But even if the home is deemed sufficiently energy efficient, you may still qualify for an EEM by utilizing the annual energy savings to increase the amount of your loan.


There are three types of Energy Efficient Mortgages, with varying criteria relative to different buyers:

    The conventional EEM—the projected energy savings dollar amount is added to the amount of your loan

    The Federal Housing Administration (FHA) EEM—allows buyers to add up to 5% of the value of their home (up to $8000) to the loan amount

    The Veteran’s Administration EEM—for qualified members of the military and allows buyers $3000-6000 towards improvement costs or a mortgage


The energy efficient mortgage is an effective way to boost your purchasing potential while saving money and conserving energy and the environment. While your mortgage payment may increase slightly, the monthly savings on energy bills can be many times greater, saving you thousands of dollars over the long term. To find out if your home qualifies for an energy efficiency upgrade or mortgage, talk to your lender about your options.

Tuesday, January 27, 2009

Eco Options for Home Heating Systems

Heating your home during the cold months of winter is a necessity, but so is finding sustainable sources of energy to do it with—otherwise, we’re facing the very real prospect of not having a winter at all.

Here are several green options for heating your home:
You can use the sun’s 100% clean and 100% free energy to reduce your home heating costs by as much as 25 to 50%, depending on how much sun you typically get. Having solar heat collectors installed will set you back, of course, but it pays for itself in three to six years, and life expectancy for a solar air heating system is from 15 to 25 years. Basically, once it’s paid for you end up getting free heat for a couple decades—not a bad deal at all.

Bioheat is the usage of biodiesel, which has caught on in a big way for fueling transportation and utility vehicles, to heat your home. Bioheat is an easy, inexpensive way to reduce the environmental impact of heating your home: The U.S. Department of Agriculture’s Beltsville Agricultural Research Center claims that if the entire Northeastern United States were to convert to a B5 blend (5% biodiesel, 95% heating oil), as much as 50 million gallons of heating oil would be saved. Even this low of a biodiesel-to-heating-oil ratio would mean significantly lower emissions of sulfur oxide, nitrogen oxide, and carbon dioxide.

Recently, however, several studies have concluded that the full emissions costs of bio-fuels exceed those of conventional fuels when you take into account the amount of land that is being converted to cropland for the purpose of making bio-fuels. So if you’re thinking about using bioheat in your home, you might not be making as much of a difference as you’d hoped...

Hydronic Heating Systems, also known as radiant heating systems, use hot water to heat your home, usually through tubes in your floorboards instead of hot air being forced through ducts. Water is a much better heating medium than air. It transfers far more BTUs (British Thermal Unit, a measurement of heat energy; one BTU is equal to the amount of heat it takes to warm one pound of water by one degree Fahrenheit) of heat into your home, which essentially means that it makes more efficient use of the energy used to heat it up. Plus, because it radiates up from the floorboards rather than being blown in as currents of air, it is less likely to leak through window and door frames.

Your thermostat can therefore be turned down lower with a hydronic heating system than with a forced-air duct system, conserving energy and saving you money even while heating your home more evenly and comfortably

Heat Pumps make use of thermal masses in the ground, water, and even the air to heat your home. They draw the Earth’s geothermal energy or collect solar energy that has warmed the air and actually transfer them as heat into your home rather than producing the heat with a conventional boiler or furnace. Heat pumps produce more thermal energy than they require to operate and can easily be powered by solar or wind energy, thus requiring no fuel and emitting no pollutants. Better yet, they are rather simple systems that require no high-tech components—you could build one yourself, if you were so inclined.

Heat Recovery Ventilators conserve energy and keep the air in your house fresh and clean. The system has separate intake and exhaust ducts, both of which are fed through a heat-exchange core, which consists of several passages threaded together so that the warm air being sucked out of your house can heat the cooler air coming in without mixing the two. This not only lowers the costs of heating the air inside your home, it also keeps the air from growing stale or accumulating harmful levels of moisture and pollutants.

The moisture produced by cooking, washing, and even breathing can contribute to mold and mildew problems, while your appliances and even some buildings materials can give off pollutants that are harmful to people. Heat recovery ventilators, in other words, are good for Earth’s atmosphere and your home’s atmosphere.

Programmable Thermostats are a simple but effective way to reduce your energy consumption. When you’re not in your home, you don’t need to be using energy to heat it. Programmable thermostats let you set “At Home” and “Away From Home” temperature schedules for weekdays and weekends. Some even let you set schedules for every individual day of the week.

It may seem too easy, but this very basic device, which you can install yourself in less than an hour, can save you as much as a third of the money you spend heating your home. Just look for products with the ENERGY STAR label. And look for a programmable thermostat with no mercury (like those made by Hunter).


Do-It-Yourself Green Home Heating
It’s not very likely that a single one of the above systems will be the only solution you need to heat your home entirely with clean and sustainable energy, but if you’re willing to get creative it can surely be done. Some of the ideas require major renovations, hence a lot of planning and a lot of labor. But some, like installing a programmable thermostat, require such little effort there’s no reason not to do them.

If you aren’t prepared to make major renovations and would rather start with simple projects you can do yourself, here are a few more options for heating your home cleanly and efficiently:


You can use plants and/or landscaping to reduce your heating needs. Planting coniferous trees to block prevailing winter winds can significantly reduce the amount of heat you need to generate to keep your home comfortable. Meanwhile, planting deciduous trees along the south-facing wall of your home can reduce the cooling needs of your home in the winter while still allowing the sun’s rays to heat your home in the winter.
A really great way to limit how much energy you use to heat your home is to simply not heat your home. Or not all of it, anyway. After all, you’re rarely using all of your house at once. Green space-heating is easily accomplished with a pellet heater. Usually installed outside as a safety precaution, pellet heaters consume pellets made mostly of sawdust and vent the heated air through an exterior wall of your home. There are also pellet burners designed to consume corn kernels. Not only do they use a completely renewable source of fuel, pellet burners operate at such high temperatures that all harmful gasses and carbons are burned off. Thus they do not use fossil fuels, do not produce greenhouse gases, and are carbon neutral.
Good insulation is key to heating your home efficiently. Cotton insulation is made of old jeans (as renewable a source as you could ask for) and is better at insulating your home than conventional fiberglass, which is made from mined substances and glass. Cellulose is another effective and sustainable insulator; it’s made from recycled newspapers. But it’s not just walls you should be thinking about: well-insulated awnings, louvered shutters, and wide eaves are all great ways to keep heat from leaking out of your home.
A heating system is, of course, just one consideration you have when renovating or building a home to have as small an ecological footprint as possible, but that just gives you more opportunities to get creative about going green.

Start using a biodiesel/heating oil mixture in your conventional boiler and buy wind power credits to offset its power consumption, for instance. Or combine a hydronic heating system with a solar water heater and you could be supplying all of your home’s heating needs all winter long and yet consume little to no non-renewable fuels.

Monday, November 10, 2008

Find your dream home online and save time and gas! Eco-friendly way to search for your new home or next investment property.

Creative Property Services would like to let you know about one of our many tools to make the search for your dream home easier. By clicking on the map below, you will be able to search using our Google Home Search map to target the exact neighborhood you are interested in. Find out how all the homes in your search compare.



When you find a home you would like to visit, or would like to know more information, please send us an email or call 1-800-743-5401 to speak with one of our agents directly.

www.cpsrealestate.com

Tuesday, October 28, 2008

Wednesday, October 8, 2008

Energy Saving Tips from PG&E


Energy Saving Tips from PG&E







Follow these tips to save on energy costs





  • Install these energy-efficient measures:



    • Replace and recycle your old refrigerator and purchase energy-efficient models. Units only 10 years old can use twice as much electricity as a new ENERGY STAR® labeled model.



    • Insulate ceilings to R-30 standards if your attic has less than R-19.



    • Caulk windows, doors and anywhere air leaks in or out. Do not caulk around water heater and furnace exhaust pipes.



    • Weatherstrip around windows and doors.



    • Wrap heating and cooling ducts with duct wrap, or use mastic sealant.



    • Install energy-saver showerheads.



  • When buying new appliances, be sure to purchase energy-efficient ENERGY STAR® labeled models.



  • Set the furnace thermostat at 68 degrees or lower, and the air-conditioner thermostat at 78 degrees or higher, health permitting. 3 percent to 5 percent more energy is used for each degree the furnace is set above 68 degrees and for each degree the air conditioner is set below 78 degrees.



  • If your old air conditioner is on its way out replace it with ENERGY STAR® labeled energy-efficient model.



  • Use compact fluorescent lamps. You can lower your lighting bill by converting to energy-efficient low-wattage compact fluorescent lighting and fixtures.



  • Replace old windows with new high performance dual pane windows.



  • Clean or replace furnace and air-conditioner filters regularly, following manufacturer's instructions.



  • Set the water heater thermostat at 140 degrees or "normal." If you have a dishwasher. Otherwise, set it at 120 degrees or "low." Check your dishwasher to see if you can use 120 degree water. Follow the manufacturer's direction on yearly maintenance to extend the life of your unit.



  • Fix defective plumbing or dripping faucets. A single dripping hot water faucet can waste 212 gallons of water a month. That not only increases water bills, but also increases the gas or electric bill for heating the water.



  • Wash only full loads in a dishwasher and use the shortest cycle that will get your dishes clean. If operating instructions allow, turn off the dishwasher before the drying cycle, open the door and let the dishes dry naturally.



  • Defrost refrigerators and freezers before ice buildup becomes 1/4-inch thick.



  • Install shades, awnings or sunscreens on windows facing south and/or west to block summer light. In winter, open shades on sunny days to help warm rooms.


  • Close the damper when the fireplace is not being used. Try not to use the fireplace and central heating system at the same time.

http://www.cprealestate.com/


Monday, October 6, 2008

Solar Engergy and Your Home

Solar Credit OK'd

Massive solar credit OK'd with bailout

San Francisco Business Times - by Lindsay Riddell

The solar industry is elated after Congress passed an eight-year extension to the solar investment tax credit as part of the $700 billion financial industry bailout package.
The president signed the legislation Friday morning. The bill included $128 billion in tax incentives and breaks including the $18 billion solar energy tax credit that offers 30 percent credit to both commercial and residential solar installations. The industry has been pushing for the extension, saying it's needed to scale the industry and drive down the costs of solar to compete with fossil fuel sources.

"What you're going to frankly see now is a tremendous herding of investors who want to get into the marketplace," said Alex Welczeck, CEO of Mill Valley-based Solar Power Partners.

And despite widespread support among both Chamber of Congress, multiple bills extending the tax credits that would have expired at the end of the year, failed to pass because of disputes that included White House veto threats over how to fund them.
The House of Representatives had voted on the legislation seven times in the current legislative cycle, while the Senate had voted on an extension 10 times.

The extension that finally passed in the bailout bill lifted a previous $2,000 cap on residential installations - meaning residential projects will qualify for a 30 percent credit no matter the size of those systems.

Utilities for the first time will also be eligible for the credits, something the utility industry been urging Congress to approve for years.

California will benefit the most from the credit, as it's the largest solar market in the country.

"Deploying solar projects that can provide power on the scale of a public utility, requires a stable investment environment," Robert Fishman, president, CEO and chairman of Palo Alto-based Ausra, which is working to develop utility-scale solar thermal power plants. "The eight-year extension of the tax credit will allow Ausra to continue its leadership in developing innovative technologies to meet our customers' needs and the energy challenges of our future in a clean, reliable, cost-competitive manner."

The eight-year extension is expected to create more than 400,000 jobs nationwide, with 214,000 of those in California alone by 2016.

"It's everything we wanted," said Monique Hanis, spokesperson for the Solar Energy Industries Association in Washington. "It's huge for the industry, it's huge for developing solar in the U.S. market and it's huge in terms of making solar available to every American."

The House voted 263 to 171 to pass financial bailout legislation Friday morning. The Senate had attached the tax relief package to it, and voted in favor of the bailout on Wednesday.

Arno Harris, CEO of San Francisco-based Recurrent Energy, which finances, owns and operates commercial and municipal solar projects, said his company was relieved to see the extension passed even though the entire industry was not convinced it would see an extension this year.

"We're even more relieved to see the economic rescue plan achieve passage," said Harris in an e-mail to the San Francisco Business Times. "Renewable energy projects are highly dependent on a functioning credit market for construction and project financing. The last two weeks were very worrying. Getting a rescue plan in place is key to achieving our country's solar and renewable energy goals."

www.cpsrealestate.com