Better quality of life
HERS rated homes with low HERS Index scores are more energy efficient than standard homes. This translates into increased home comfort, lower utility costs and a more environmentally friendly home.
Lower operating costs
Many homebuyers neglect to look at how much a home will cost to run when shopping around. However, the truth is that buying a home means more than just making the monthly mortgage payments. Energy costs play a significant role in determining the affordability of a home.
Qualify for energy efficient mortgages
Energy efficient mortgages allow homeowners to finance energy efficiency improvements at competitive mortgage rates instead high commercial loan rates. In order to qualify for an energy efficient mortgage, homeowners need to have their homes HERS rated for energy performance first.
Allow for comparative buying based on energy performance
Although consumers are able to easily shop for cars and appliances based on their efficiency thanks to Energy Guide labels and MPG stickers, this is still not the case for many homes in the United States. However, HERS rated homes have HERS Index scores, which tell homebuyers at a glance how energy efficient those homes are. And that means they can make informed decisions when choosing a home.
Lower mortgage default risks
A report by the University of North Carolina’s Center for Community Capital, and the Institute for Market Transformation (IMT) titled, “Home Energy Efficiency and Mortgage Risks” (March 19, 2013) found that mortgage default risks were 32% lower on ENERGY STAR labeled homes with lower HERS Index scores.