Green mortages save money, the environment
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It seems that every government is giving incentives to help promote awareness in an effort to stop global warming. In the US and UK, “green mortgages” would be available from the government to support homeowners in upgrading their homes to eco-friendly structures by using solar panels, wind turbines, double glazing and other energy-saving methods, including home automation.
The green mortgages would encourage the use of eco-friendly building materials and the integration of energy-saving and generation into the home. Most energy-efficient mortgage (EEM) programs let you qualify for bigger loans than you would otherwise by folding in the additional cost of making improvements for energy efficiency or of purchasing an already energy-efficient home. Another version of the green mortgage provides discounts on loan fees or interest rates for homes that are certified as energy-efficient. [BankRate]
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