There Green Homes Directive has been definitively approved by the EU, despite Italy and Hungary voting against it, so sooner or later the provision will become law in our country too. The target? Achieve a zero-emission European residential park by 2050, without however providing for fines for those who do not respect the objectives. But how much do you really save by making your home efficient thanks to a green mortgage? Savings come from bills rather than from the mortgage.
Green houses, the situation in Italy
In Italy, over 85% of the properties it is in an energy class lower than C and more than one in two purchases still concerns properties in class F or G. 80% of the properties being sold require an energy adjustment; in fact, last year 87.5 billion euros were invested in the redevelopment of the building stock, 30% of which took advantage of financing. The objective is challenging and the role of the banking system will be central in order to make the green product more attractive for consumers.
Green mortgages, how many Italians choose them
A recent YouGov survey commissioned by MutuiOnline.it shows that only 28% of Italians know what a green loan is (with 5% having signed up to it), 37% have only heard of it while 29% don’t know it at all. The lack of interest in green mortgages is also reflected in the fact that 1 in 2 Italians does not know the energy class of their home and 42% cannot indicate how much it is possible to save with a “green” mortgage.
How much you save with a green mortgage
But how much do you really save with a green mortgage? MutuiOnline.it has developed a practical example assuming a €150,000, twenty-year, fixed-rate mortgage requested by a thirty-seven-year-old in Milan. The difference in Tan is 25 basis points (2.55% vs 2.90%) in favor of the green product, which affects the installment, which is €25 per month lower than the non-green product (€799 vs €824). The saving on interest is 13% (€41,643 vs €47,858).
Green house, where the real savings are
According to the survey, the 22% of Italians think that with a green mortgage you can save between 10 and 20% in interest, while 16% think they save between 5% and 10%. 27% of respondents also believe that with a class A+ home you can save between 15% and 30% on bills compared to a class G home. Therefore, according to Italians the savings are quite similar between loans and utilities contracts. In reality, according to the climate think tank ECCO and ENEA, you can save up to 70% on your bills (35% with a jump of just two energy classes!). With green mortgages the convenience is equal to only 15% of what you can save on bills by upgrading the house to class A+: perhaps more can be done?
Tags: save making home efficient idealistanews
