Accurate Home Appraisals for Energy Efficient and Renewable Properties.
This Act mandates that federal lending agencies must consider energy efficiency and renewable energy reports when appraising homes for mortgage loans. Citizens gain the right to provide or request an energy report, which qualified appraisers must review, potentially leading to a higher valuation for energy-efficient properties and impacting loan terms. Appraisers must complete specialized training to handle this data.
Key points
Mortgage appraisals must now consider energy efficiency features (like solar panels or insulation) based on a specific energy report provided by the borrower.
Lenders must inform borrowers of their right to submit or request an energy report, which may influence the final appraised value of the property.
Starting March 1, 2026, appraisers must mandatorily consider available energy reports for covered loans, provided the borrower consents.
Status:
Expired
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