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.

Fun Fact:  A traditional New Year’s Eve religious service, “Watch Night” is observed to give thanks for life’s blessings and pray for divine favor in the coming year.  “Watch Night” was especially significant among African Americans in 1862, as President Lincoln vowed to end slavery with the signing of the Emancipation Proclamation on January 1, 1863.

Wherever you happen to be, New Year’s marks a time for change, a time for making resolutions and a revival of hope.  Make a life changing resolution; Visit a Capitol Lighting showroom and work to improve your future illumination.  Rejoice in unbeatable promotional pricing on the year’s finest home lighting and accessories, including shining innovations from Forecast, Hanover Lantern and Thomas Lighting.

We all need a little inspiration to reveal our true creativity. If you’ve tired of your boring bedroom’s look, here are five on-trend ideas on how to illuminate your dream bedroom getaway brilliantly.

1. Unexpected objects in the same color family. At first thought, using lamps that are large enough to be placed as floor lamps may seem like it would be cumbersome. But when sleek, unobtrusive and blending in with the surrounding scheme, this can be a fun surprise that draws the eye to details you wish to highlight, such as interesting wallpaper or art.