Pitch Summary:
Rate buildings at the time of listing for sale and adjust the mortgage
interest rate based on whether the building is “efficient” or not. Without any public
subsidy, a mortgage “feebate” could be implemented that would charge a higher interest
rate to those who choose not to upgrade the efficiency of their building, that could in turn
be used to buy-down the interest rate for those who build efficiently or upgrade an existing
building to make it “efficient”. Allow the market to choose whether or not to upgrade
buildings, and adjust mortgage rates accordingly.
Submitted by: Richard Faesy & Dan Mellinger, Energy Futures Group
[pdf-embedder url=”https://eanvt.org/wp-content/uploads/2019/01/EAN-Pitch-30-EFG-14-Building-Mortgage-Rate-Feebate.output.pdf” title=”EAN Pitch 30 – EFG #14 Building Mortgage Rate Feebate.output”]