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    October 15, 2007
    Solar Power and the New Home Mortgage

    LoanShak is thrilled to be participating in Blog Action Day today, focusing on the environment. One of the more interesting ideas I’ve run across lately is the idea of including solar power in the home mortgage. How? Well, the book The Clean Tech Revolution points this out  about the rising interest in solar power:

    Increasingly, home buyers will have the option of purchasing a new house with the solar cells already on it, as roof tiles or exterior wall material. Then solar power is embedded not only in the house, but in the mortgage as well. This means your electricity cost is part of the home price and mortgage, rather than an add-on expense up front.

    Happily, though, if you do end up doing the add-on thing, green mortgages are now available. You can get home mortgage fees waived by adding them, either after you’ve bought the house, or even while you are in the process of buying or building a home.

    Click here for more ideas on what you can do to make your home greener.

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