Bill > HR2413

This bill aims to improve the accuracy of home appraisals by requiring lenders to consider energy efficiency and renewable energy features when assessing a property's value. The GREEN Appraisals Act of 2025 mandates that when a borrower applies for a residential mortgage, the lender must provide a disclosure explaining the borrower's right to submit an energy report about the property. This energy report can detail the home's energy-related features, estimated energy costs or savings, and renewable energy installations. Qualified appraisers will be required to consider this energy information when determining the property's market value, starting March 1, 2026. The bill applies to loans from various government agencies, including the Federal Housing Administration, Rural Housing Service, and Department of Veterans Affairs. To ensure appraisers are prepared, the bill requires them to complete a specialized 7-hour continuing education course on incorporating energy reports into appraisals. An advisory committee of stakeholders will be established to provide guidance, and lenders will need to update their systems to accommodate these new appraisal considerations. The goal is to recognize and potentially increase property values based on energy efficiency and renewable energy features, giving homeowners more comprehensive valuation of their properties.

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https://www.congress.gov/bill/119th-congress/house-bill/2413/all-info