Saturday, September 24, 2011

Energy Upgrade California reports that energy efficiency benefits home resale

The good folks at Energy Upgrade California are talking about a study of "home sales in the Portland metropolitan area that showed newly constructed homes with third-party certifications for sustainability and energy efficiency (such as LEED, Energy Star and Earth Advantage) sold for 8% more on average than non-certified homes, and existing homes with certifications sold for 30% more."

In fact, over the past four years studies of Portland area home sales show a consistent trend that third-party certification continues to result in higher sales price. Homes in Seattle and Portland marketed with energy efficiency certifications sold faster on average too, as compared to homes without certifications. In San Diego and Sacramento, researchers found that solar panel installations increased appraised home values, leading to a 97% recovery on investment—much higher than typical home improvements such as major kitchen and bathroom renovations. 



Read on:

The Washington Post: Is Green Good for Home Resale Value?

Los Angeles Times: Energy-Efficient Homes Seem to Sell Faster, Fetch Higher Prices