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Nathan Shannon is president and CEO of the Smart Energy Consumer Collaborative, and Scott Rosenberg is co-founder and CEO of 257, a residential clean energy data and AI platform company.
Buying a home is one of the most consequential financial decisions that Americans make. With the national average mortgage rate hardly down from its recent 20-year high, buyers are already stretched, yet the purchase price of a home is only one cost to absorb. Buyers must also navigate the ongoing costs to operate and maintain a home, which include climbing energy rates.
The heating and cooling systems, kitchen appliances and distributed energy resources, like rooftop solar and electric vehicle charging, present in a home not only impact its comfort, but have long-term financial implications for the homeowner’s wallet.
While consumers typically have the data to scrutinize mortgage rates, property taxes and other financial aspects of homeownership during the purchasing process, they are often selecting their new home with little to no guidance on energy efficiency.
