Now that’s a great idea! Banks could also adjust mortgage rates based on the energy efficiency of the house. It seems like this is already implemented in Europe with cars—the higher the CO2 emissions of a particular model, the higher the tax. Similarly, a mortgage on a house with zero energy efficiency could have an interest rate of 50% annually, while a house with maximum energy efficiency could have a rate of, say, 0.05%. Wouldn’t that be cool? But this wouldn’t be possible without specific legislation; banks are unlikely to do it on their own.
Now that’s a great idea! Banks could also adjust mortgage rates based on the energy efficiency of the house. It seems like this is already implemented in Europe with cars—the higher the CO2 emissions of a particular model, the higher the tax. Similarly, a mortgage on a house with zero energy efficiency could have an interest rate of 50% annually, while a house with maximum energy efficiency could have a rate of, say, 0.05%. Wouldn’t that be cool? But this wouldn’t be possible without specific legislation; banks are unlikely to do it on their own.