With low interest rates, finance offers are ways to cut costs, carbon footprint | Science and environment
The report, produced by Green Homeowners United, used data from analytics firm Black Knight to estimate the number of homes in each county with mortgage rates at least 0.75 percentage points above the mortgage rate. current loan.
Based on the home’s value, the report estimates that the average homeowner could fund over $ 32,000 in energy-related projects, saving around $ 226 per month.
“That’s enough to pay for solar panels, insulation and airtightness,” said Kevin Kane, founder and chief economist of the West Allis-based start-up. “When you spread most energy efficient products over 20 to 30 years, it inevitably saves more than it costs. The only loser here is utility.
And it’s the most effective way for homeowners to reduce their share of the global warming gases.
“We have the greatest chance to make a dent right here in our communities,” Kane said. “It’s more important than making every car an electric vehicle.”
‘Something we can do now’
Certainly, reducing greenhouse gas emissions enough to avoid the most catastrophic effects of climate change will require systemic changes: cleaning up the electricity grid by shutting down coal and gas power plants while electrifying other fossil fuel sectors. such as transportation and heating.
But for homeowners who want to make a difference, the single most effective action they can take is to reduce their home energy use.