Depending on the construction and heating technologies used, they can differ significantly. According to E-Money Broker estimates - the annual cost of heating an average insulated house, built in the 1990s, with an area of 150 sq m. may amount from 2.7 thousand per year in the case of coal, up to 4.9 thousand USD for gas heating.
Meanwhile, moving to low-energy-consuming real estate, i.e. one where energy demand does not exceed 70 kWh per sq m. per year, or passive (maximum demand of 15 kWh per year) can reduce these costs even several times.
No wonder, then, that energy-saving buildings are gaining more and more popularity. Two banks - Good Finance and Good Credit - also offer preferential credit terms for energy-saving projects.
In the case of the first institution
You can also finance the purchase of an apartment, not just a house, as is the case with Good Credit. However, there are more differences. Bank Good Credit is willing to lower the commission for granting a loan for a "greenhouse" by 0.6 pp (USD 600 for each USD 100,000 borrowed) compared to the standard offer.
In addition, when calculating creditworthiness, it will take into account the lower costs of maintaining the property, i.e. simply you can borrow more from this institution.
However, a meter of real estate requires a maximum of 100 kWh of energy per year. These are not high requirements. According to data from the info know portal, in Poland buildings erected after 1998 need on average 90 to 130 kWh of energy per year.
Good Finance bank goes further in its offer
It applies a reduced margin for loans for the purchase or construction of houses and flats that have renewable energy sources, are low-energy (70 kWh per sq m per year) or passive (15 kWh per sq m per year).
As a result, wanting to borrow over 50 thousand. USD with own contribution at the level of 25 percent. a margin of 1.6% must be taken into account when the property has solar collectors, a heat pump or recuperator, 1.5% when the property is low-energy, 1.3% when the property has passive status.
However, it should be remembered that the cost of building a passive house is higher than the standard one. The construction of a passive house costs on average 20%. more than using standard solutions (various sources give differences in costs from 5 to 40 percent).
However, if we assume that the construction of a passive house would consume 480 thousand. USD, this traditional house would cost 400 thousand. USD, i.e. by 80 thousand USD less.
When financing the construction of a traditional house
With a 30-year loan of 25% own contribution on average market conditions (1.5 percent margin), you have to reckon with a monthly installment of around 1.9 thousand. USD. When building a passive house using financing at the Good Finance bank, you can count on a lower margin (by 0.2 percentage points), but the loan amount would be 20%. higher. As a result, the monthly installment would be 2.2 thousand. USD.
Higher construction costs can pay back over several years in the form of lower heating bills. Their forecast amount will be taken into account by the bank when assessing creditworthiness. So you can borrow more.