Green Mortgages Offer Financing Solutions to Some

September 10, 2010

JR Hevron, author of a new guide to energy efficient mortgages (EEMs believes the information he is providing is a good fit for those looking at financing green improvements on homes. Hevron says the guide provides a state-by-state listing of friendly EEM lenders.

For those who have been searching for financing options in a difficult economy, a green mortgage might sound like a new play on words. According to Hevron, “It is a term that many, even the most environmentally focused of us, have not heard before. And it’s not what you might think. It is not a marketing or public relations effort.”

He reports that such mortgages are backed by private and government mortgage programs and have been designed to help you make homes more energy efficient, saving on monthly operational costs.

EEMs – also called green mortgages – allow borrowers to draw extra money to pay for energy efficient upgrades on an existing home or a new home purchase. Hevron’s website reports: “ The result is a more environmentally friendly living space that uses fewer resources for heating and cooling and has dramatically lower utility costs.” Such lending programs include items double paned windows, tankless water heaters, modern HVAC systems, and new insulation.

Hevron points out that EEMs are not second mortgages. Instead, they are created separately from a primary mortgage, and then rolled into the primary mortgage, allowing only one payment.

On its website, Mortgage shows the following list of considerations potential borrowers interested in reducing their home’s carbon footprint:

  • “Overall, heating and cooling accounts for 50–70% of the total energy used in the average American home.
  • 60% of the existing homes in the US are not properly insulated.
  • Updating your home’s insulation can save you up to 20% on heating and cooling costs or up to 10% of your total yearly energy bill.
  • According to the Department of Energy, energy loss from outdated windows accounts for nearly 25% of the annual heating and cooling costs for the average American home.
  • Even the most basic double-paned window can reduce energy use by up to 24% in cold climates during the winter and by up to 18% in hot climates during the summer.
  • In houses with central air and heating, about 20% of the air is lost due to faulty, outdated duct work.
  • A new Energy Star-rated dishwasher can save you up to 13 energy (the dishwasher accounts for 2% of your gas or electric bill) and as much as 1,200 gallons of water a year.
  • Programmable thermostats can save about 2% on heating bills and more than 3% on cooling bills. These numbers can translate into savings of up to $180 a year.”

All are sound reasons to look into green mortgages, says Hevron.

The excellent photos appearing in this post exist at



Glenn Meyers

Writer, documentary producer, and director. Meyers is a contributor to CleanTechnica, and founder of Green Streets MediaTrain, a communications connection and eLearning hub. As an independent producer, he's been involved in the development, production and distribution of television and distance learning programs for both the education industry and corporate sector. He also is an avid gardener and loves sustainable innovation.