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Use REM/Design? Try REMCheck.com

If you use REM/Design or REM/Rate software you should check out REMCheck.com. Here's the link: https://REMCheck.com

Comments

  • Sean Lintow SrSean Lintow Sr Posts: 151
    I will bite - why? Sorry but most of us either are not going to blindly click a link &/or don't have the time to check out the newest mousetrap
  • Ken RieadKen Riead Posts: 14
    Sean Lintow Sr.,your initial skepticism about REMCheck is understandable, especially if you are or have been a home energy auditor or rater who has experienced many broken promises since the rollout of the ARRA Stimulus funds. Please note up front that I am not trying to get you to purchase anything but simply to try REMCheck.com. In fact, REMCheck won’t be available for auditors, raters and others to use until all beta testing is complete. As of right now, the front end is open and free to use – there is nothing to learn. Simply drag-and-drop a REM/Design or REM/Rate file and you have an instant Quality Assurance-QA check.

    If you can indulge me I can briefly explain what REMCheck is about and how it can increase REM software input/output accuracy that lenders & investors require in order to offer energy improvement loans and energy mortgages. Although private capital markets are ‘risk averse’ they always are seeking reasonably safe opportunities to lend. REMCheck offers an increased level of accuracy that national lenders have requested and now require for their energy/green project investments. Private lenders especially find ways to fund the work performed by EnergySmart Home Performance Teams.

    National secondary market programs, such as the new Homestyle Mortgage available everywhere through Fannie Mae, depend upon the projected energy and dollar savings from energy modeling programs (such as REM/Design & REM/Rate) to be reasonably accurate in order for these types of programs to be successful. They expect quality assurance and oversight to ensure this is the case.

    The reality is that residential energy auditors and raters have been given a gift that few take advantage of; namely the plentiful private capital available for financing cash-flow positive energy/green projects from private lenders, investors and crowdfunders. Most residential energy professionals have based much of their business on government and utility programs that are either on the chopping block or under continual scrutiny. Hoping that these types of programs will survive is not best way to ensure the long-term viability of an energy auditing or rating business.

    In other words, government and utility programs come and go but private investment capital has always been and will always be available, if you understand how to access it. Home energy ratings form the financial basis for Energy Efficient Mortgages (EEMS) and Energy Improvement Mortgages (EIMs). I am a documented authority and author regarding energy mortgages, innovative financing and “Energy Equity”.

    There has been a core group of us old timers who understand the inherent value embedded in EIMs-EEMs but the timing has not been right… until now. The newer rules of the Homestyle mortgage program finally make good economic sense and here is why; the older versions of EEM & EIM financial products did not allow for larger scale projects (aka: deep energy retrofits) but really only enough for a cosmetic skimming. It is in the well-orchestrated installation and commissioning of deep energy/green retrofit projects that the incredible energy (read: money) savings can be obtained.

    Since the monetary amounts are larger for the newer Homestyle and similar programs forthcoming from Freddie Mac, et al., there is also more associated risk. The primary lenders and investors require that the data that they base the energy/dollar savings on from REM files is reasonably reliable and also undergoes preliminary QA.

    QA is also important to government energy code officials, energy utility program administrators, regional & national builders & developers, REALTORs and many others. In fact, national builders are using the ‘drag and drop’ version of REMCheck now to check the quality of data contained in the REM files they receive, many of which have significant errors such as wrong orientation. You might want to try REMCheck just to see what others can now also see.

    There will be much more information forthcoming about REMCheck, EnergySmart and securing private investment capital through cash-flow positive energy/green projects, aka capturing “Energy Equity”.

    If any of this is interesting to you then you can get more information via the following links or by looking for @saveenergyblog on Twitter:

    REMcheck: https://remcheck.com

    ESI-EnergySmart Institute’s website: https://energysmartinstitute.com

    RESNET EnergySmart Home Performance Teams:
    http://www.resnet.us/professional/energysmart-contractor/home-performance-teams

    Comparison Sheet regarding Fannie Mae’s Homestyle programs:
    https://www.fanniemae.com/content/tool/homestyle-energy-renovation-comparison.pdf
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