City of Minneapolis issued the following announcement on Dec. 18.
Truth in Sale of Housing to add energy disclosure report starting Jan. 15
Prospective homebuyers will soon have information on a house’s energy efficiency before they decide to buy it – like knowing the miles per gallon of a car. Sellers have a Truth in Sale of Housing evaluation, and starting Jan. 15, that document will also include an energy disclosure report showing the home’s “energy score.” The higher the score, the more efficient and resilient to weather extremes the property is.
The energy disclosure report helps buyers and sellers determine what energy efficiency improvements they can make to lower their energy use and reduce carbon emissions. The energy score includes information on four important components that affect a home’s energy efficiency: wall insulation, attic insulation, heating system and windows. The report provides clear, simple recommendations for improving these areas, the costs and benefits of different choices, and information about resources to help. Homeowners can typically save 30% on their energy use by insulating the attic and walls.
An energy efficient home is more comfortable and healthy and has lower total housing costs than an inefficient home.
The City of Minneapolis passed this requirement, as recommended in Minneapolis’ Climate Action Plan, to help the City make progress toward its community-wide greenhouse gas reduction goals.
Original source can be found here.
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