Colorado has become the second state in the country to offer the Home Energy Score program, a rating system that provides home efficiency scores and recommendations to both buyers and sellers.
The rating system was developed by the U.S. Department of Energy (DOE), and in Colorado will be run by the state’s Energy Office. Connecticut began offering the program in April and a number of other states also have expressed interest, the Energy Department said.
Qualified assessors collect information about a property and generate a score on a scale of 1 to 10. Assessments give buyers the benefit of an energy rating similar to the miles-per-gallon sticker on a vehicle, and guide sellers on how to make their houses more attractive to buyers.
Colorado is offering $750 for every 1-point improvement a borrower makes on the score at the time of purchase or refinance, up to $3000 for a 4-point improvement, DOE said.
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Designers think a Home Energy Score will serve the same purpose as the EPA's mileage rating for cars and trucks.
