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Updated about 9 years ago,
Going Green in Ct
Good morning BP,
Being that Im in CT and snowed in I figured I'd start up a discussion I've been pondering about lately.
This is directed specifically to fix n flippers but really I'd like to hear all perspectives on this, money lenders and agents too. This subject is "GOING GREENER" when rehabbing a property. More specifically I'm interested in state programs that give you forgivable loans or tax credits when you focus on making your rehab "GREENER".
In looking for loans for my first investment I've found a couple subsidies provided by my state to promote developers to build for longevitey in a more environmentally conscience industry.
Some offered forgiveable loans after 5 years, and tax breaks for using items like;
Windows, Insulation, Solar Panels, Light sensors, Time restricted irregation systems etc.
I feel like there are plenty of sellers looking to retire and exit the market that will be passing the baton to adults coming into this market who are looking to make a difference. You know those Prius drivers who carpool and collect trash on the weekends as a hobby.
I'm no different, I mean if I get a fix n flip I'd like to make it better to live in but also shrink its carbon foot print, but I don't know what kind of negativitey, if any comes from focusing a fixer upper into a GREEN house.
My question to you BP, is have any of you used any such loans or subsidies when rehabing and if so what are the pros and cons in focusing your necessary rehab in going GREENER. Or do any of you lenders know of any programs dedicated to this.