Our Nation:
- Significant job creation
- Accelerates movement toward energy independence & reduces GHG emissions
- Very low fiscal cost & high probability of success
Property Owner:
- Lower energy bills and substantially reduced upfront costs for energy retrofits
- Improved return on investment/positive cash flow on retrofits (annual savings > cost)
States, Cities & Municipalities:
- Immediate job creation
- No credit or general obligation risk
- Obligation is liability of real estate owner
- Greenhouse gas reductions/energy independence
- Opt in: Only those real estate owners who opt in pay for it
Existing Mortgage Lenders:
- Borrowers cash flow/credit profile improves (energy savings > annual tax cost)
- Property/collateral value increases
Lender:
- Virtually no risk of loss as property tax liens are senior to mortgage debt
- 97% of property taxes are current & losses are less than 1%
