NVR announces partnership with independent authority on home energy performance Residential Energy Services Network to help consumers understand benefits of energy efficient new homes
August 30, 2011
– NVR, Inc. (NYSE:NVR - News), one of the nation's largest homebuilding and mortgage banking companies, and a 2011 "ENERGY STAR Partner of the Year" award winner, announces a partnership with Residential Energy Services Network (RESNET), the leading national independent authority on home energy performance. NVR builds under the Ryan Homes, NVHomes, Fox Ridge Homes and Rymarc Homes brand names and will promote the RESNET HERS (Home Energy Rating System) Index, a rating scale that makes it easy for consumers to understand the cost-saving benefits of NVR homes.
In addition to building ENERGY STAR QUALIFIED homes and having a 3rd party rater evaluate every home it builds, NVR will offer consumers the specific HERS rating for the model of home they are considering and will promote environmental and energy efficiency features in every model.
"Providing clear, visible energy ratings for homes makes sense for today's energy-conscious consumers who want to save on their utility bills and reduce their carbon footprint," said Steve Baden, executive director, RESNET. "Marketing the energy efficiency of homes is a winning proposition for homebuyers, builders and the environment. Industry-leading homebuilders like NVR are giving consumers exceptional value and proving this value by rating every single home they build."
RESNET's HERS Index increases buyer confidence in home energy performance. The rating scale is easy to read and interpret: The lower the HERS score – the greater the energy efficiency of that home, which means lower energy bills. Homes rated at 100 meet the 2006 International Energy Conservation Code (IECC) for new homes. Existing homes often rate above 100. A home with a score of 130, for example, is 30 percent less energy-efficient than the IECC code. A high-performing ENERGY STAR qualified home will rate at a HERS rating of 70 or lower.
NVR, Inc. operates in two business segments: homebuilding and mortgage banking. The homebuilding unit sells and builds homes under the Ryan Homes, NVHomes, Rymarc Homes and Fox Ridge Homes trade names, and operates in twenty-five metropolitan areas in fourteen states. For more information about NVR, Inc. and its brands, see www.nvrinc.com, www.ryanhomes.com, www.nvhomes.com, www.foxridgehomes.com, and www.rymarc.com
The Residential Energy Services Network (RESNET) is the independent, national nonprofit organization that homeowners trust to improve home energy efficiency and realize substantial savings on their utility bills. RESNET's industry-leading standards are recognized by the U.S. Department of Energy and the U.S. Environmental Protection Agency, among others. Since 1995, RESNET-certified inspectors have rated more than 1 million homes. For more information, homeowners can visit us at www.resnet.us or call 1-800-785-8154.