Credit: Rido81/Big Stock Photo
24 September
A push for new energy rules in mortgage programs could save homeowners money
Lawmakers are pressuring the Federal Housing Finance Agency to adopt minimum energy efficiency standards for new homes, a move that could lower energy bills and reduce carbon emissions.
In short:
- Eight Democratic senators are urging the FHFA to set national energy efficiency standards for homes backed by Freddie Mac and Fannie Mae.
- The new guidelines could help families save on utility bills, especially in states lacking modern building codes.
- Opponents argue the regulations could raise housing costs and worsen the affordable housing crisis.
Key quote:
“Too many American families are stretched thin by the high costs of their energy bills. Improving home energy efficiency will help lower those bills."
— Chris Van Hollen, U.S. senator
Why this matters:
Energy efficiency standards for new homes can drastically reduce energy use, cutting costs for families and lowering emissions. Without action, homes will continue to lock in high energy costs and contribute to climate change.
Related:
grist.org