Bonded Builders Warranty Group, a subsidiary of Bankers Financial Corporation, announced the launch of its new Residential Energy Guarantee at the Residential Energy Service Network conference in Orlando.
BBWG’s new guarantee is based on the RESNET Home Energy Rating System (HERS) Index, a leading building industry standard measuring home energy efficiency. With the BBWG Residential Energy Guarantee, homeowners are reimbursed for energy costs when usage exceeds 115 percent of the annual estimate indicated by HERS.
“We are pleased to announce this new product that will meet the needs of energy conscious new home builders and owners,” said Whit Ward, BBWG President. “After doing extensive marketing research with builders and consumers, we know that our Residential Energy Guarantee will meet their desire to have coverage if energy bills exceed consumption estimates.”
Independent market research indicates that an energy use guarantee would increase 70 percent of consumer’s interest in purchasing a new, energy efficient home. Additionally, over 85 percent of new home owner prospects were concerned about energy costs and their monthly bill.
“Builders have been focused on constructing more energy efficient new homes for over a decade”, said Ken Ward BBWG’s National Sales Manager. “Our new Residential Energy Guarantee will give participating builders a distinct competitive advantage as they market their new homes to a growing number of energy conscious new home shoppers,” he said.Share