Energy Value Adjustment (EVA)
The algorithms are written and patent documents filed for the AREVS Energy Value Adjustment (EVA)
The energy value adjustment is a first in either the home performance or residential real estate industries!
With information gathered by our core product (HEAT) the EVA calculates the dollar value adjustment to the real estate sales price of an existing home. The EVA is based on both the heating efficiency of the home and the type of fuel used.
The EVA will be released through a strategic partner in June of 2016.
All Electric Project
After considerable effort in analyzing the best method of gathering electric utility data from utility companies, the green button initiative has led to a number of creative approaches for direct download of utility data. We are currently finalizing our agreement with a leading developer of utility data collection and parsing software. Stay tuned for a press release!
The completion of our all electric home rating capabilities will make HEAT by AREVS the only performance based energy rating software that includes all fuel types (Electric, Natural Gas, Fuel Oil, Propane, Wood, Wood Pellets, Coal, Kerosene, etc. ) to provide accurate first line energy ratings without the need for site visits to a home.
If you have any comments or questions, feel free to email us!
Dean Durst Co-Founder and CEO
Jeff Hiscox Co-Founder and CFO