Bill > S1178

This bill, known as the GREEN Appraisals Act of 2025, aims to improve how energy efficiency is considered in residential mortgage loan appraisals. It requires creditors to inform borrowers that they can provide an energy report about their property during the loan application process. Starting March 1, 2026, when an energy report is available, creditors must provide it to the appraiser, and qualified appraisers must consider the report's details when determining a property's value. The bill defines an energy report as an analysis that details a home's energy-related features, estimates energy costs or savings, and potentially includes renewable energy generation information. Appraisers must be specially qualified, including completing a 7-hour continuing education course about incorporating energy reports into appraisals. The bill covers loans from several government agencies, including the Federal Housing Administration, Rural Housing Service, and Department of Veterans Affairs. An advisory committee of stakeholders will help develop guidance for implementing these requirements, with the goal of ensuring that energy efficiency and renewable energy features are appropriately valued in residential property appraisals.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/1178/all-info