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Why Go Green?

There is no doubt we live in a world with an ever-increasing need to live more environmentally friendly lifestyles. We are constantly reminded to “save the planet” and “reduce, reuse, recycle” whenever possible. If you don’t think this applies to you, read on. If you know it applies to you, read on as well. There are countless ways we can do our part to save the environment and protect our precious resources. And as we make the effort, we will be saving money and energy too. So, as you build your new home, do your part to “go green”.

According to the Built Environment Team, the average American household spends about $1900 per year on energy and generates over 26,000 pounds of carbon dioxide in the same amount of time contributing to global warming. Read the following statistics. They will certainly get your attention and leave you asking, “What else can I do to make my home more environmentally friendly?”

If these surprising facts and figures haven’t convinced you to do your part for the environment while building your new home, maybe you should consider this:

Building a home may be one of the most costly things you do in your lifetime, and it is necessary that you do not cut corners where energy efficiency is concerned. There is financial relief for those who choose to build green.

First, consider an Energy Efficient Mortgage (EEM). EEMs allow new home owners to qualify for a larger mortgage with a lower income based upon the expected energy savings for home built to high energy standards. These standards include:

U.S. residents have another big advantage when building a green home. New homeowners can reduce taxes by making their home as energy efficient as possible. Homeowners are eligible for tax credits when installing geothermal heat pumps, central air conditioning and heating systems, advanced main circulating fans, hot water boilers, energy efficient windows and more. In 2007 homeowners were eligible for a tax credit up to a 10% of the purchase price for qualified energy efficient units. Energy efficient tax credits are designed to give relief to homeowners against rising energy costs. Granting these tax credits is somewhat like giving cash back to responsible customers who purchase energy saving products. The most generous tax credits are available to those who purchase systems for solar heat, water and power. Be sure to keep any receipts or bills of sale for the energy efficient purchases you make during construction. If you have any concerns or questions about energy efficient tax credits, consult with your financial advisor.

When you make the decision to build green, you will not only save on utility and energy bills, but also you can take advantage of financial incentives like the EEM and energy efficient tax credits. But perhaps the best thing about choosing green home building and energy efficient construction is knowing you have done the right thing for the environment resulting in a comfortable and healthy home your family will enjoy for many years to come.

For additional information, please read What is Building Green?

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