Retrofitting bui of Sen. Lugar’s efficiency propo Hoping to reinvigorate the stalled climate change debate, Sen. Richard Lugar, R-Ind., has proposed a “streamlined” energy and cli- mate plan that includes the use of incentives for energy efficiency in homes, commercial buildings and manufacturing facilities by 2030. The plan calls for tighter standards for esidential, commercial and industrial appli- ances and equipment. To promote energy retrofits in homes, small businesses and commercial buildings, the proposed “National Building Retrofit Program” suggests incentives such as rebates, direct loans, loan guarantees, letters of credit and other financial products to “leverage private investment in energy-efficient retrofits of homes and multifamily, com- mercial or industrial buildings,” according to an April 9 release from the Real Estate Roundtable.
However, a main concern is establishing
provisions for mandatory national targets for
improved energy efficiency in new residential
and commercial construction.
UPfront
Headlines and
updates from the
appraisal world
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Past President Jim Amorin, MAI,
SRA, was featured April 22 on
CNBC’s “Power Lunch,” which has
more than 21 million viewers.
Amorin addressed consumer and
homebuilder concerns regarding
the valuation of green building
features. To see the story, go to:
www.cnbc.com/id/15840232?
video=1475668989&play= 1.
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Appraisal Institute Immediate
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GREEN CRED
Proposed legislation would require
higher appraiser credentials
THE HOUSE FINANCIAL SERVICES COMMITTEE CELEBRATED EARTH
DAY by approving the Green Resources for Energy Efficient Neighborhoods, or GREEN
Act, April 22. The act, H.R. 2336, includes a provision supported by the Appraisal
Institute that would define any property with energy-efficient features/improvements
as a “complex” appraisal assignment that therefore would require a higher competency
level, such as certification.
Further, the proposed legislation would ensure timely delivery of relevant information
about the property — such as plans and specs, green energy labels and certifications,
and Home Energy Ratings System ratings — to appraisers. To date, such information
has often been difficult for appraisers to obtain.
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The amended Green Act addresses two obstacles in green valuation today: appraiser
access to property information and the competency of appraisers engaged by lenders.
As of press time, the bill had moved to the House floor, where it could become part
of the financial-reform or energy debates.
For the latest status or the full text of the bill, visit
www.govtrack.us/congress/bill.xpd?bill=h111-2336.
View Lugar’s “Practical Energy and Climate
Plan” at http://lugar.senate.gov/energy/
legislation/pdf/PracticalEnergyPlan.pdf.
