{"id":1931,"date":"2011-12-01T17:41:37","date_gmt":"2011-12-01T17:41:37","guid":{"rendered":"http:\/\/blogs.edf.org\/energyexchange\/?p=1931"},"modified":"2014-06-19T13:13:48","modified_gmt":"2014-06-19T18:13:48","slug":"edf-supports-the-save-act","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/energyexchange\/2011\/12\/01\/edf-supports-the-save-act\/","title":{"rendered":"EDF Supports The SAVE Act"},"content":{"rendered":"

\"\"<\/a>The SAVE (Sensible Accounting to Value Energy) Act is a reasonable, cost-effective approach to improving mortgage lending and promoting energy efficiency. The act would instruct federal loan agencies to assess a borrower\u2019s expected energy costs when financing a house, which will enable better, more transparent mortgage underwriting, reduce homeowners\u2019 utility bills and hopefully prompt the creation of new jobs in the housing industry.<\/p>\n

The Bill Explained<\/strong><\/p>\n

For too long, lack of information about a household\u2019s energy use has resulted in many homeowners miscalculating the true cost of living. The cost of living in a house should be viewed not just as the mortgage or rent payment, but that specific payment plus the utility costs. When homeowners are given a true sense of what utility costs amount to for a particular home, and are armed with the knowledge of what energy actually costs, they will be better able to take control to reduce costs. Not only will homeowners be able to save money, but their actions will also result in environmental benefits such as reducing stress on the electric grid, and therefore harmful greenhouse gas emissions, and improving energy security.<\/p>\n

EDF In Full Support<\/strong><\/p>\n

EDF is in full support of this legislation because the information available due to the passage of this bill would make mortgage lending more transparent and actually more accurate since it would depict the true cost of living. On top of these benefits, this bill would reduce America\u2019s energy dependence and thus promote economic growth in the construction and manufacturing sectors.<\/p>\n

For more information, please see the SAVE Act<\/a> fact sheet.<\/p>\n","protected":false},"excerpt":{"rendered":"

The SAVE (Sensible Accounting to Value Energy) Act is a reasonable, cost-effective approach to improving mortgage lending and promoting energy efficiency. The act would instruct federal loan agencies to assess a borrower\u2019s expected energy costs when financing a house, which will enable better, more transparent mortgage underwriting, reduce homeowners\u2019 utility bills and hopefully prompt the …<\/p>\n","protected":false},"author":7471,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[254,324],"tags":[],"coauthors":[],"class_list":["post-1931","post","type-post","status-publish","format-standard","hentry","category-energy-efficiency","category-washington-dc"],"acf":[],"yoast_head":"\nEDF Supports The SAVE Act - Energy Exchange<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.edf.org\/energyexchange\/2011\/12\/01\/edf-supports-the-save-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EDF Supports The SAVE Act - Energy Exchange\" \/>\n<meta property=\"og:description\" content=\"The SAVE (Sensible Accounting to Value Energy) Act is a reasonable, cost-effective approach to improving mortgage lending and promoting energy efficiency. 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