November 14, 2019

Four Reasons to Go Green

Being eco-friendly and bringing energy-efficient products to your home is smart for many reasons, from the air you breathe to your wallet. But, when it comes to energy-efficiency and your home, there are four notable reasons to go green.

Find out now if you may be eligible for tax credits and product rebates if you make use of renewable energy.

  • Saving Money. Not surprisingly, lower electric and gas bills are the biggest benefit of making your home more energy efficient. Given that the typical U.S. household spends $2,200 per year for home utility bills, according to the U.S. Department of Energy, you could potentially save hundreds of dollars a year.
  • Improving Comfort. In most cases, energy efficiency and home comfort go hand-in-hand. Whether it's weather stripping or caulking to insulate your home or replacing your air filters to allow your air-conditioning system run more efficiently, you and your family will enjoy the comforts.
  • Raising Value. A home with equipped with energy-efficient products and features is highly desirable among today's homebuyers, and rightly so. For today's sellers, this is good news as a recent study by Freddie Mac finds that better rated energy-efficient homes sold for 3 – 5% more than homes with lower energy efficiency ratings.
  • Improving Environment. As expected, a more energy–efficient home reduces your carbon footprint and greenhouse gas emissions. This is a big win for you and your neighbors far and near.

Eco-friendly home upgrades can add up to big benefits, whether you make them incrementally over time or through a larger-scale renovation. If you decide on the latter, you may consider financing your energy-saving improvements with Freddie Mac's GreenCHOICE MortgagesSM.

Talk with your lender today about loan programs which are designed to help finance your energy conservation home improvements. You have options.

To learn more about buying, owning and selling a home, visit MyHome® by Freddie Mac.