"Saving Money with Green Mortgages for Energy-Efficient Homes"
Green mortgages, also known as energy-efficient mortgages, allow homebuyers to finance environmentally-friendly upgrades at the same rate and terms as their home purchase. The Inflation Reduction Act makes green improvements even more advantageous for would-be homebuyers. However, there are restrictions on what can be financed, and there are caps on what can be included in a green mortgage. Existing homeowners looking to make energy-efficient upgrades may also want to consider refinancing with a green mortgage to include the cost of the updates.