What is an energy audit? What does 1A say about requiring one?

So far, a loan applicant will not be required to do an energy audit. “Applicants must agree to attend one counseling workshop to help the County determine what Energy Efficiency/Renewable Energy measures would be most beneficial to the property.” This is according to the current proposal, read more HERE.

So although it is mandatory that all applicants attend this home energy awareness class prior to approval of their project, I think an energy audit is the only true way to get the overview you need to make clear cost/benefit decisions with your project.

Why? What is an energy audit?

Basically, it is a professional analysis of the energy performance of a building. It includes a “blower door” test which allows the auditor to map all the leaks, drafts and insulation in your home as well as the indoor air quality. Recommendations to cure the trouble-spots follow & often the auditor will suggest qualified professionals for the aspects of your remodel plan that require it. Other items will be easy weekend do-it-yourself projects. An energy audit is a great place to start to get the most bang for your buck. The average homeowner wastes $450/ year on wasted energy through the cracks, leaks and poorly insulated areas of their home. An energy audit will cost you no more than $300 if you reside in the participating areas for the Residential Energy Audit Program.

See more on REAP approved cities HERE.

If you don’t reside in an area with discounted audits, be prepared to pay up to $1000 depending on the square footage of your home.

What about the next step? What is a HERS rating & what project needs one?

This national system creates an index scored between 0-100, the lower the score, the more energy efficient the home, a ‘Net-Zero’ home has a 0 rating. The RESNET system standards are officially recognized for applying for certain mortgage funding, local code requirements and for government tax incentives. HERS ratings are primarily used for new construction & don’t apply to the 1A loan process nor are they required for retrofits. However, many homeowners choose to get their home rated as a marketing tool for selling their home as green or energy efficient.