GREEN Appraisals Act of 2025

Bill 119 s 1178, also known as the "Accurate Energy Appraisals in Residential Mortgage Loans Act," aims to ensure that energy efficiency is taken into account when appraising residential properties for mortgage loans. The bill requires that appraisers consider the energy efficiency and potential cost savings of a property when determining its value.

This legislation is important because energy efficiency can have a significant impact on the overall cost of homeownership. By accurately assessing the energy efficiency of a property, homeowners can make informed decisions about their investments and potentially save money on utility bills in the long run.

In addition to promoting energy efficiency, the bill also includes provisions to protect consumers from inaccurate or misleading energy appraisals. It requires that appraisers have the necessary training and expertise to accurately assess a property's energy efficiency and that they adhere to industry standards and best practices. Overall, Bill 119 s 1178 aims to promote energy efficiency in the housing market and provide consumers with the information they need to make informed decisions about their homes. By ensuring that energy appraisals are accurate and reliable, this legislation has the potential to benefit both homeowners and the environment.