The Commonwealth of Massachusetts
——————
PETITION OF:
——————
In the Year Two Thousand and Seven.
——————
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION
1. Section 11 of Chapter 25B of the General Laws, is hereby amended by adding a
new section, Section 11A:—
Section 11A. The commissioner of the division of energy resources shall
establish a voluntary home energy rating system program enabling the owner of
residential property to obtain a rating of the property based on its energy
consumption characteristics. The potential buyer of residential property may,
with the seller’s permission, obtain an energy rating of the property and an
estimate of the cost of home improvements necessary to make property
energy-efficient if it is not already energy-efficient. The commissioner shall
encourage lending institutions to offer more favorable mortgage provisions for
the prospective buyers of homes whose ratings under this program reflect
significant energy efficiency. The commissioner shall also encourage lending
institutions to include in their mortgages, the costs of home improvements that
would increase energy efficiency. The commissioner shall coordinate this
program with existing federal and state residential energy conservation
programs. The commissioner shall encourage the participation of lending
institutions, real estate brokers and developers, municipal light departments
and utilities, to promote the home energy rating system program. The
commissioner shall also promulgate rules and regulations to implement the
provisions of this section.