How The Clean Energy Bill Could Effect Your Home
Imagine listing your home for sale, getting a contract on it, and not being able to sell it based upon it failing an green energy rating… Businesses, Cars, and now… your home.
There is a Clean Energy Bill (H.R. 2454) that has been passed by the House that could place many restrictions on the hands of Americans when it comes to their homes. The good news is that National Association of Realtors was able to lobby and have some of the restrictions waived.
Here are some of the changes you will see in the newly House approved bill.
(information taken from www.NVAR.com)
• Does not create a federal energy audit requirement for real property;
• Exempts existing homes and building from any federal guidelines for new construction energy efficiency information labels.
• Prohibits the implementation of any labeling during a sales transaction.
• Leaves the decision to states as to whether to require energy audits, disclosures, etc. (it may be a good idea to contact your local officials)
• Provides property owners with significant financial incentives, matching grants and tools to make property improvements and reduce their energy bills;
• Prohibits the Environmental Protection Agency from regulating residential and commercial buildings under the Clean Air Act;
• Eliminated an early proposal to allow citizens to sue over minor climate risks under the Clean Air Act; and
• Establishes green building incentives for HUD housing, including a loan program for renewable energy, block grants and credit for upgrades in mortgage underwriting.
I am thankful that NAR was able to have these changes made. I am shocked that we would have a place in a bill where someone could sue over climate risks. Further, I am shocked by the government control we allow and the rights that we give up based upon the theory of climate change that many top scientist still debate being true. But this is just a real estate blog.
Read the full article from NVAR Here….
All information is deemed reliable but should be verified for accuracy.
