Mortgage lenders try to look at the big picture, considering things like taxes and insurance when deciding how much they can loan out to homeowners and buyers. However, there's a major ongoing expense that appraisers currently don't take into account – monthly utility bills. You don't need to be an electrician to understand that the money you pay for power each month makes an impact on your budget and even affects the value of your home. A bill currently in front of Congress – the SAVE Act – would acknowledge that reality and let federal mortgage lenders make energy efficiency part of their formula.

Increasing the Value of Your Home

Essentially, the SAVE Act would make it easier to get financing for efficiency upgrades, even folding funding for it into traditional mortgages.

“This bill would require federal mortgage agencies to recognize the energy efficiency upgrades in a home during the mortgage underwriting process, thereby increasing the value of the home,” President of the Alliance to Save Energy Kateri Callahan said in a statement. 

The SAVE Act claims it would bring a number of benefits in addition to loosening the drawstrings on bank financing for efficiency. Among them:

A Diverse Group of Supporters

The SAVE Act was first introduced in 2013. Although Congress has yet to vote on the measure, it has lined up a diverse group of supporters who aren't typically on the same side of major issues, from the U.S. Chamber of Commerce and the National Association of Manufacturers to the Alliance to Save Energy, the National Resources Defense Council, the U.S. Green Building Council and others.

In the meantime, there are a number of steps you can take around your home today to cut down on your utility bills. If you need any help installing efficient appliances or upgrading your home electric system, contact an expert electrician today.

You may not have thought about the Advantages To Wind Energy lately, but every month when you get your electric bill in the mail, you may find yourself asking, “Isn’t there a better way?”, or “How can I have Plano Electrician, ElectricMan Inc. is now offering something that will definitely spark your interest!

The Advantages To Wind Energy can now be felt by homeowners and business owners through more efficient, highly cost effective, and easily installed wind power generators.  Standing only five feet tall, with the capability of harnessing even a slight breeze coming from any direction, these new wind generators are a drastic improvement on the standard “Propeller Style” wind power generators that most people are familiar with.  Now you don’t need an open field or even a very windy area in order to start declaring your independence from the high costs that electric companies place on the electricity that they provide to you.

Partnered with a system like the Indoor Generator, which allows you to program the system to use stored electricity when it is most efficient for you, you can do two major things.  First, at times when you are creating more energy than you need, that energy can be funneled into a battery system and stored for your higher usage time, avoiding those peak usage premiums that power companies have put in place to raise profits and revenue. Secondly, once your stored supply of electricity is at full capacity, you can actually sell your surplus electricity back to the power company, offering you the possibility of income without any labor on your part!

Everyone is looking for a way to save money these days, so here is one more incredible Advantage To Wind Energy.  If you install a renewable energy system for your home or business before the end of 2016, your entire system is eligible for a 30% federal tax credit!

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Many homes, local businesses, hospitals and city buildings rely on electric generators as a backup to their main power source when there is a power outage. June is National Hurricane Preparedness Month and Mr. Electric wants to help you, your family, business and community stay safe during the hurricane season. Whether you are using a permanently placed standby electric generator or a portable electric generator used for the home, these guidelines will help you power tomorrow.

Standby electric generator:

Electric home generator:

Proper operation of electric generators will prevent damage and injury. Stay safe during National Hurricane Preparedness Month with these tips from Mr. Electric.