The mortgage underwriting process should take energy consumption data into account, according to the Rocky Mountain Institute.
With utility bills a major household expense—more than $2,500 for the typical American family—they should be included in home appraisals and mortgage underwriting, the Institute says. A study by the Institute for Market Transformation (IMT) and the University of North Carolina found that energy efficient homes had a rate of default 30% lower than standard homes, according to an RMI blog post.
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