Banks, Appraisers Don’t Understand the Value of Solar Homes

C.R. Herro is a guru of green building and innovation. And his employer, Meritage Homes, has been a pioneer in the production of net-zero homes — a house that generates as much energy as it consumes.

All the homes produced by the nation’s eighth-largest homebuilding company — totaling 7,700 in 2017 — are built with the option to be net-zero.

But just 10 percent of buyers opt to install solar, said Herro, Meritage’s vice president of environmental affairs. Just 1 percent buy the full net-zero package.

He said outdated appraisal and mortgage underwriting methods are part of…read more at The Orange County