Earth Day 2020 and Post-Pandemic Recovery — Is Green Energy the Answer? New Vista Solutions Says Yes and Offers New Products to Help Property Owners
By Jesse Rivera, CEO at New Vista Solutions
On April 22nd, people around the globe will celebrate the 50th anniversary of Earth Day — a day that calls for unity and collective action against environmental practices that are warming our climate.
What was once a day of social events — drawing large crowds around the world — Earth Day will look very different this year. The coronavirus pandemic and social distancing has forced us to gather virtually, so Earthday.org has organized a number of digital events world-wide.
As our global community struggles to contain this virus and its economic devastation, government leaders are also focusing on the path to recovery.
Helen Mountford, Vice President for Climate and Economics at World Resources Institute (wri.org) writes, “Sustainable, low-carbon infrastructure must be central to any government-led stimulus in response to the COVID-19 outbreak. Governments have a critical role to play in setting out robust, well-articulated and sustainable investment strategies. Investment in sustainable infrastructure creates jobs today and many more social and economic benefits tomorrow.”
On April 3rd, New York Governor Andrew Cuomo signed legislation attached to the state’s annual budget that makes renewable energy an integral part of New York’s post-Covid-19 economic recovery strategy. Other states have already implemented measures to lower energy costs, including California which now requires all new home construction to include solar panels.
Many business leaders are prioritizing green energy practices as part of their growth strategy as more investors consider ESG (Environmental, Social, and Governance) as key factors in measuring a company’s sustainability and societal impact.
So, it appears that green energy policies and practices are gaining momentum at the federal, state and business level, but what about the consumer? How does the average commercial or residential property owner maximize the benefits of incorporating energy efficiency into their new construction or renovation projects?
There are several options, two of which are 1) green mortgage loan programs and 2) green energy incentives (government-backed financial incentives).
Fannie Mae and Freddie Mac now have loan programs that offer lower interest rates and other considerations to borrowers who want to finance energy-efficient home improvements, but option 2 — green energy incentives — evades many property owners.
There are more than 12,000 incentives available to help lower the cost of incorporating energy-efficient measures into home and building renovations, but most property owners don’t know where to find them. That’s why New Vista Solutions (NVS), who has access to the nation’s only comprehensive database of green incentives, has created The Quick Summary and The Green Report.
The Quick Summary is a digital report that provides a high-level snapshot of incentives available for a specific property. New Vista is offering this low-cost report to all of its lender customers who can then pass the information to their borrowers. New Vista is now including this report on all commercial evaluations ordered on the NVS platform. This information is passed on to the borrower who can then request more details by ordering The Green Report.
The Green Report provides a detailed list of government and utility-backed incentives available for a specific property. New Vista’s Green[Ma1] Suite of Solutions also offers additional assistance in verifying and applying for each incentive which can ultimately save property owners a considerable amount of money on new construction and renovation projects.
As our recovery from the coronavirus pandemic begins, we have an opportunity to create jobs, lower energy costs and to make our environment a better, safer place to live. New Vista Solutions will do its part to support this endeavor.
Happy Earth Day.