Developing Local Networks - Utility Exchange .pdf · 2017-10-10 · asdasdasd Author: Judd Mercer...
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Peter Rusin, Residential Program Associate Developing Local Networks October 10th, , 2013
Transcript of Developing Local Networks - Utility Exchange .pdf · 2017-10-10 · asdasdasd Author: Judd Mercer...
Peter Rusin, Residential Program Associate
Developing Local Networks
October 10th,, 2013
Vision:
Colorado’s Energy Economy
Innovative
Production
Efficient
Consumption
All Resources All Economic Sectors
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Colorado Energy Office | www.colorado.gov/energy
© 2011 State of Colorado
Economic
Prosperity Healthier
Citizens
Healthier
Environment
Mission:
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What is the Green MLS Initiative
Colorado Energy Office | www.colorado.gov/energy
© 2011 State of Colorado
The Green Multiple Listing Service (MLS) Initiative an approach to increase energy
efficiency and the use of renewable energy in homes at the time of sale.
The ability to value high performing homes will increase market penetration of high
performing homes.
Appraiser • Develop local data needed
to reflect market value
• Provide Educational
Opportunities
Buyer • Develop awareness through
consistent information
Lender • Ensure appropriate loan
products are available
• Education on available
products
Builder/Investor/Seller • Provide resources to help
market properties
•Publish studies showing
demand
Searchable MLS
fields / Realtor
Training
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Impact of Real Estate Agent Training
Colorado Energy Office | www.colorado.gov/energy
© 2011 State of Colorado
0.72% 1.08% 1.15% 1.68% 2.07% 1.55%
3.06% 3.24%
9.13%
12.67% 13%
17%
21%
22%
24%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
Percentage of Existing HomeSales with "energy" incomment section
Percentage of New HomeSales with "energy" incomment section
Percentage of all HomeSales with Granitecountertops listed incomment section
2008 2009 2010 2012 2011
Tracking words real estate agents enter into the comments section of Metrolist and IRES MLS systems to track
market trend. Two thirds of all homes in the state are sold through these two systems.
• The increase of granite counter tops in the market. Home buyers expect that level of finish in all homes now
• The increase in the word “energy” in new homes since 2010
• The trickle down effect of the word “energy” in the existing homes market
Key Take Always:
In 2010 training starts on Green MLS
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Expanding the Network to Provide Information
Colorado Energy Office | www.colorado.gov/energy
© 2011 State of Colorado
Real Estate Agents prefer a 3rd party to provide energy information
Appraiser • Develop local data needed
to reflect market value
• Provide Educational
Opportunities
Buyer • Develop awareness through
consistent information
• Develop local retrofit market
Lender • Ensure appropriate loan
products are available
• Education on available
products
Builder/Investor/Seller • Provide resources to help
market properties
•Publish studies showing
demand
Searchable MLS
fields / Realtor
Training
Home Inspectors Can provide 1st level
energy information
Conventional Mortgage Many different ways to make upgrades without upfront money.
HUD Power Saver (state wide) Energy Smart loans (select counties) Resource Smart loans (select counties) Home Rx (SW Colorado) On-bill financing (Ft. Collins Utilities)
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Time of Sale Improvements
Inspection calls for heating equipment or hot water heater replacement • Request ENERGY STAR Replacement • For the Heating Equipment, make sure insulation levels are adequate before new equipment is installed or sized. (Use one of the following paths to upgrade insulation)
Inspection doesn’t call for replacement, but home buyer wants to upgrade
FHA or VA Mortgage Use EEM option, it’s easy! If inspection call for heating replacement, use EEM Option to upgrade insulation before new furnace and s t r e t c h the savings
Colorado Energy Office | www.colorado.gov/energy
© 2011 State of Colorado
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Why is a Network Important (Durango)
Home Assessment • Qualified local energy auditor
• Help with selecting measures
Loan Options • HomeRx Loan
• Not tied to mortgage, no delay
The home is a good candidate for a retrofit at the time of sale, but it won’t happen
unless…
The real estate agent or home inspector provides a link to a network
The network provides an energy concierge service for most clients
Allows existing homes to “compete” in the market place
Qualified Contractor List • Provide help with bidding process
• Ease the home buyer’s stress
Verify Work • Home buyer can concentrate on
moving into the home, less stress
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How can Utilities Help Build a Network
Home Assessment
Loan Options
The network is not just for time of sale. If it works during time of sale, it can work
anytime
Rebates help start a conversation and can be folded into a larger process
Qualified Contractor List
Verify Work
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Contact Us
CEO Subject Matter Experts
Peter Rusin Residential Program Manager
303-866-2343
Colorado Energy Office (CEO) State of Colorado
John W. Hickenlooper, Governor
1580 Logan Street, Suite OL1
Denver, Colorado 80203
www.colorado.gov/energy
The Colorado Energy Office
@coenergyoffice
Colorado Energy Office | www.colorado.gov/energy
© 2011 State of Colorado
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Green MLS Adoption Process: June 2013
Colorado Energy Office | www.colorado.gov/energy
© 2011 State of Colorado
97% of the homes in
Colorado covered by a
Green MLS*
Royal Gorge has basic
concept in place but needs
additional fields
* Vail MLS (Eagle County) have
adopted Green Fields but not fully
operational.
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Better Data Provides Deeper Look
Colorado Energy Office | www.colorado.gov/energy
© 2011 State of Colorado
These seven Metropolitan Statistical Areas account
for 90% of the new home construction in the State
Census
Bureau
Metropolitan
Statistical Area
Number of
Single Family
Homes Built
FY13
Percentage of
New Homes with
HERS Rating
FY13
Denver-
Aurora-
Lakewood
7922 73%
Fort Collins-
Loveland 1676 29%
Greely 1648 24%
Colorado
Springs 607 18%
Boulder 564 100%
Grand
Junction 435 25%
Pueblo 219 23%
