The GREEN Appraisals Act of 2024 requires federal mortgage agencies to help borrowers share energy efficiency and renewable energy information with home appraisers during the mortgage process. Starting March 1, 2026, when borrowers consent, lenders must provide appraisers with energy reports that detail a home's efficiency features, estimated energy savings, and renewable energy capabilities. Appraisers receiving these reports must consider the energy information when valuing the property, though the bill specifies that energy data cannot be used to reject a home appraisal or loan application. The legislation applies to residential mortgages involving federal agencies including the FHA, Veterans Affairs, USDA Rural Housing Service, and mortgage giants Fannie Mae and Freddie Mac. The bill requires federal agencies to establish an advisory committee of housing, energy, and appraisal experts and issue guidance to lenders by 2026 on how to implement these procedures, without dictating how appraisers must weigh energy factors in their valuations.
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