Bill · H.R. 2413· House(119-HR-2413)
GREEN Appraisals Act of 2025
- Introduced
- 3/27/2025
- Last activity
- 3/27/2025 — Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Sponsored by
- Sean Casten
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The GREEN Appraisals Act of 2025 aims to ensure more accurate energy appraisals for residential mortgage loans. It requires creditors to disclose to borrowers that they can provide energy reports to assist in the appraisal process. Under this bill, qualified appraisers must take energy efficiency characteristics and renewable energy features into account when determining property value. The law also requires that underwriting systems be able to accommodate these energy reports. Additionally, it mandates the creation of an advisory committee to help implement these new standards.
Yes· 3 of 7
Does this make housing cost less?+4
By ensuring energy efficiency increases property value recognition, the bill supports more accurate valuations for residential mortgages.
Does this put more money into wind, solar and other renewable power?+3
The requirement for appraisers to consider renewable features may increase the financial incentive for homeowners to invest in renewable energy.
Does this give people more protection from unfair business practices?+3
The bill enhances consumer protection by requiring transparency and disclosure regarding how energy reports affect property value and loan applications.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Enhanced Transparency for Borrowers: Creditors must provide written disclosures stating that a borrower can provide an energy report and has the right to request one. This ensures homeowners know how to factor energy efficiency into their loan applications (Section 2(a)).
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Recognition of Property Value: Appraisers are required to consider energy efficiency characteristics, renewable energy features, and estimated energy savings when developing an appraised value. This could help reflect the true market value of energy-efficient homes (Section 2(d)).
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Protection Against Loan Rejection: The bill specifies that the consideration of an energy report cannot be used as a reason to reject a home appraisal or a loan application (Section 2(b)).
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Access to Information: If a prospective borrower requests a copy of an energy report regarding their property, the creditor must provide it at no cost (Section 2(e)).
Potential Negative Impacts for People
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Uncertainty in Property Valuation: The bill notes that the final opinion of a property's value may be higher, lower, or no different after an appraiser reviews an energy report. This means a report could potentially result in a lower valuation than expected (Section 2(a)(3)(B)).
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Risk to Loan Approval: The disclosure requirements warn that considering energy data may help or hurt a prospective borrower's ability to obtain a covered loan (Section 2(a)(4)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Environment Energy And Infrastructure
- Increases Renewable Energy Investment+3Reduces Carbon Emissions+2
- Social Issues And Justice
- Improves Affordable Housing+4
- Economy And Finance
- Improves Consumer Protection+3
- Governance And Ideology
- Improves Government Transparency+2Increases Federal Power+1
- Demographic And Interest Groups
- Good For Middle Class Households+2
- 3/27/2025
- Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.