1. Creative Financing, Energy, and Design Options for the Residential Market David Lantz Owner Shelterwood [email_address] www.prairiegreenhomes.com
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8. Home Energy Rating Results Estimated 20% air leakage reduction resulting from new windows and rim joist insulation. *Windows also qualify for an additional 30% tax credit. **The monthly finance cost is the monthly payment, including interest, that will pay for all the tabulated improvements when they are financed with a 30-year fixed mortgage at 4.75%. Measure Cost Savings New vinyl windows U-29, SHGC-0.29* $4,488 $358/year New closed-combustion water heater $400 Rim joist insulation and air sealing with DIY kit $300 Total $5,188 Month Cash Flow $27/month** $30/month
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12. Home Energy Rating Results Measure Cost New roof and decking $7,000 Chimney repairs $1,000 Electrical modernization $5,000 HVAC; new dual-fuel heat pump and duct repairs $7,500 Water heater replacement to tankless model; requires chimney repair $2,200 Insulated and air-sealed ceiling $1,600 Insulated walls in 2x4 stud cavities $4,300 Insulated foundation walls and air sealing rim joist cavities $1,700 Total Added Cost to Mortgage Extra Monthly Finance Cost Monthly Energy Savings Monthly Cash Flow ~$30,000 $140 $260 $120
37. FHA Energy Mortgage Example Standard Loan Home Sale Price $60,000 Interest Rate 8.0% Closing Cost $1,200 Cost of Energy Improvements $3,000 Average Life of Measures Calculated by Rating 10 Years Monthly Energy Savings $40 Standard Underwriting Sales Price $60,000 Appraised Value $60,000 Closing Cost $1,200 LTV 97.75% Loan Limit $58,640
38. FHA Energy Mortgage Example Energy Improvement Loan Energy Premium Calculation is essentially the Present Value of energy savings over the useful life of those improvements minus the cost of the life of the improvements. Standard Loan Calculation $58,640 Cost of Energy Improvements $3,000 Average Life of Measures Calculated by Rating 10 Years Annual Energy Savings $480 Energy Premium (calculated by energy rating software) $3,220 New Loan Amount Standard Loan Calculation $58,640 Energy Improvement Mortgage $3,000 New Loan Amount (no additional down payment nor income required to qualify) $61,640
42. Freddie Mac Energy Mortgage Example Interest Rate 8.0% Borrower’s Monthly Income $2,900 Cost of Energy Improvements $3,000 Projected Monthly Energy Savings from Rating $75
76. Air Sealing/Infiltration Control What Is Infiltration? Windows Attic Hatch Plumbing Ceiling Lights Wiring Floor Foundation Floor Chimney Exterior Doors Typical Sources of Air Leakage in the Home Penetrations Top Plate
111. Questions www.prairiegreenhomes.com David Lantz Owner Office: 812-333-2991 Cell: 812-325-6931 [email_address] Mark Quigley Energy Consultant Office: 812-333-2991 Cell: 812-325-5299 [email_address]
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www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
Convective losses due to infiltration into and out of the building envelope can be reduced but complying with the provisions in the IECC that require penetrations in the building envelope between conditioned and unconditioned spaces and the great outdoors to be sealed. There are several points in the building envelope that are sources of air infiltration and that should be sealed to prevent heat loss and gain through infiltration. www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
Many problems start small. My house is a 65-year-old home that had a vented crawl with no ground vapor retarder until 2003. One of the draws for me to buy this house was its lack of any major moisture problem under the house. Were there problems? Sure: plumbing leak under bathroom, old termite damage due to water problems at attached porch, surface mold on framing, poor storage due to high RH. www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
Typical summer conditions in Princeville are actually more humid than the example noted above. Daily average dew points range from 70 F to 75 F throughout the summer months. www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
There is no duct sealant on the connection from the duct to the boot. www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market
www.shelterwoodllc.com Creative Financing, Energy, and Design Options for the Residential Market