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Home Improvement Loans For Energy Efficient Homes

By Author: Aishwarya Mahurkar
Total Articles: 291

Eco-housing is defined as “environmentally benign and energy efficient buildings, sustainable construction practices, and healthy and productive indoor environment, with lower natural resource use”. Going green is the latest trend all must soon adapt. Nature is at the brink of disaster and we must do our very best to keep it safe.


You are reading this because you care. Thankfully, there are many others like you in the world that care as much and are there to aid you in going green. In fact, you can even avail of a house renovation loan to make you home an energy efficient one.


Here’s how to avail the best deals when you go green:


Financing Mechanism:


There are many ways one can go green and avail home improvements loans. Micro finance for eco-housing, eco-housing mortgages, financial incentives for eco-housing, (e.g. fiscal incentives,) related financial mechanisms to make homes sustainable, (e.g. equipment finance). Avail them in keeping with the choice of house renovation loan you wish to undertake.


Take Small Steps:


Insulating your home, installing energy efficient appliances or maybe installing efficient pumps in common areas are some of the small ways you can make your home greener without having to spend your whole home renovation loan amount. Remember, any step towards energy efficiency is good and must be done.


Research Your Lenders:


Home improvement loans come at a certain interest rate. Some lending companies offer deals and discounts in an effort to promote the switch to energy efficiency. If you choose your housing finance company wisely, you may get some leverage on certain fees or even the interest rate.

Read State Rules:


Read up on the policy of the state you live in. In Pune; the Pune Municipal Corporation (PMC) offers a 10-50% concession on total premium paid by builders, depending on the project rating achieved by a certified eco-housing project. Municipalities provide the following benefits to buildings certified under the GRIHA rating system: 90% reimbursement of registration fee, rebate in property tax, concession in electricity and water charges, and even concession in municipal corporation tax.


Investing in energy efficient homes while availing a home renovation loan is a wise decision as one can reap its many benefits such as that of healthy living. One should think holistically and make decisions. Renovations today call for eco friendly changes and we must all be conscious about the same. Infact, any one applying for a home improvement loan must ensure their renovation is nature sensitive.

Author Bio :

Aishwarya Mahurkar is a seasoned writer regarding finance-related topics. Through her articles she helps individuals make better choices concerning housing finance industry. She writes about variety of topics covering wide range of housing finance company products that includes home construction loan, process, required documents, criteria to home improvement loans etc.

Total Views: 108Word Count: 459See All articles From Author

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