The green building and energy efficient retrofit market is growing. Advances in building science, technology and education for qualified energy performance contractors have increased the success and return on investment of green building projects. Federal, State and Local incentives are widely available for homeowners who have been considering making energy efficient improvements to their homes. These factors coupled with a steady rise in energy prices have created a robust market for participants in the energy conservation business. Even with all of the excitement surrounding the market there remains a common problem that most homeowner's face when considering energy efficient improvements... How do I pay for improvements today that will save me money tomorrow?

Though the general public is just now becoming aware of green mortgages, they've actually been around for decades. They are also referred to as Energy Efficient Mortgages (EEMs) or Energy Improvement Mortgages (EIMs).</span><span style="font-size: 10pt">A green mortgage allows you to roll in the costs of making specific energy saving improvements to the home you are building, purchasing or already own. This will, of course, increase your monthly mortgage payment but since because these improvements will drastically lower your energy, gas and water consumption, your monthly utilities will decrease even more so than your mortgage. Saving you money every month.

Besides lowering your total monthly bills, you will be eligible to receive tax credits from the federal and local governments for many of your improvements. You properties resale value may actually increase due to the improvements and having an energy efficient home will make the home more attractive to potential home buyers should you decide to sell your home.

Both conventional and government EEMs lending programs are available. Home equity, reverse mortgages and full renovation loans can be considered as well. No one size fits all when it comes to evaluating green financing options. It is important to consult with a mortgage advisor specializing in green mortgages that can guide individuals through the process and connect with other green professionals.