Bill · S. 1178· Senate(119-S-1178)
GREEN Appraisals Act of 2025
- Introduced
- 3/27/2025
- Last activity
- 3/27/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Michael Bennet
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The GREEN Appraisals Act of 2025 aims to ensure energy efficiency is accurately reflected in residential mortgage appraisals. It requires creditors to disclose to borrowers that they have the right to provide an energy report to be considered during the appraisal process. Under this bill, qualified appraisers must take energy efficiency characteristics, renewable energy features, and estimated energy savings into account when determining property value. It also mandates that creditors use underwriting systems capable of accommodating these energy reports. Additionally, the bill establishes an advisory committee of various stakeholders to provide guidance on implementing these requirements.
Yes· 3 of 8
Does this give people more protection from unfair business practices?+5
The bill empowers consumers by providing them with energy efficiency data to support property valuations.
Does this make housing cost less?+5
By recognizing energy efficiency in appraisals, homeowners may see better value retention for energy-efficient homes.
Does this put more money into wind, solar and other renewable power?+4
The bill promotes the valuation of renewable energy features, potentially driving higher investment in these technologies.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Empowers Homeowners with Information: Prospective borrowers or current homeowners have the right to request an energy report regarding their property, which can then be used during a home appraisal or loan application (Section 2(a)(1) and 2(a)(2)).
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Ensures Consideration of Energy Savings: Qualified appraisers are required to consider energy efficiency characteristics, renewable energy features, and estimated energy savings when developing an appraised value (Section 2(d)(1)).
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Protects Against Loan Rejection Based on Energy Data: The consideration of an energy report cannot be used as a basis to reject a home appraisal or an application for a covered loan (Section 2(b)).
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Provides Cost-Effective Access to Data: Creditors are required to provide a copy of an energy report to a prospective borrower at no cost upon their request (Section 2(e)).
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Standardizes Appraiser Expertise: The bill requires appraisers to complete specific continuing education on how to consider energy reports to ensure they are competent to perform the assignment (Section 2(g)(6)(B)).
Potential Negative Impacts for People
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Uncertainty in Property Valuation: A borrower's final property value may end up being higher, lower, or no different than it would have been without the energy report (Section 2(a)(3)(B)).
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Risk to Loan Approval: The consideration of energy-related 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+4Reduces Carbon Emissions+3
- Demographic And Interest Groups
- Good For Middle Class Households+4Good For Veterans+2
- Economy And Finance
- Improves Consumer Protection+5
- Governance And Ideology
- Improves Government Transparency+3Increases Federal Power+2
- Social Issues And Justice
- Improves Affordable Housing+5
- 3/27/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced in Senate
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.