Substantial Improvements: Efficiency Work Scope

Major efficiency investments yield sizable savings, resilience, and significant value. Underwriting the potential savings and providing additional low-cost, long-term capital as part of your mortgage can help finance these improvements.

Substantial rehabilitation and gut renovations present an opportune time to comprehensively improve a building’s envelope, redesign central HVAC systems, and integrate on-site energy generation in addition to addressing simple and moderate efficiency measures. Large-scale efficiency measures will increase property value and produce long-term cost savings and improve quality of life. In most cases, construction financing will be needed to complete work on this scale, but the marginal cost of high-efficiency investments (i.e. the difference in cost between conventional and high-efficiency equipment) will be lower if a system replacement is already part of the scope of work.

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