Summary of HR 2413 — GREEN Appraisals Act of 2025

Overview

• Bill Number: HR 2413
  
• Title: Getting Renewable and Energy Efficient Neighborhoods Appraisals Act of 2025, also known as the GREEN Appraisals Act of 2025
  
• Introduced: March 27, 2025 in the House of Representatives
  
• Primary Sponsor: Rep. Sean Casten
  
• Status: Introduced; referred to committees

Purpose and Intent (as indicated by the title)

• The bill’s title signals a focus on integrating renewable energy and energy efficiency considerations into property appraisals. In practical terms, it suggests that appraisal methods or standards may be adjusted to reflect energy-efficient features, renewable installations, or other sustainability attributes in residential or neighborhood markets. Specific statutory language detailing objectives, definitions, or methods is not provided in the available summary.

Legislative Actions and Process

• Referral: The bill was referred to:
  • House Committee on Financial Services
  • House Committee on Veterans’ Affairs for consideration of provisions within each committee’s jurisdiction.
    
• Timing: The referral occurred on the same day as introduction (March 27, 2025).
  
• Related Bill: A companion bill exists in the Senate, S. 1178.

Provisions (What is Known)

• In the provided content, no substantive text or sections of the bill are included beyond the title and introductory metadata. Therefore, specific provisions, definitions, funding, regulatory changes, or implementation timelines are not available in this summary.

Potential Impact (based on the bill’s apparent aim)

• If enacted, the legislation could influence:
  • How property appraisals account for energy-efficient features (e.g., energy-efficient improvements, solar installations).
  • Mortgage underwriting practices and appraisal standards used by lenders.
  • Property values in neighborhoods promoting renewable energy and efficiency.
  • Training or guidelines for appraisers to incorporate energy performance data.
• The actual impact would depend on the enacted text, including any amendments adopted during committee review.

Next Steps

• Monitor committee actions (Financial Services and Veterans’ Affairs) for hearings, amendments, and markup.
• Track passage through the House, potential movement to the Senate, and any changes in the companion S. 1178.
• Review the final enacted language to assess precise requirements, definitions, and effective dates.

If you’d like, I can annotate this summary with a simple layperson’s glossary of appraisal terms likely to be involved once the bill’s text is released.