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 rehabilitations 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 system replacement is already part of the scope of work.
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