A new review and meta-analysis of existing studies found the average sales premium for a home with a third-party certification was 4.3%. They also found that homeowners, while happy to save money on utility bills, may find more satisfaction in the harder to quantify non-energy benefits.
What is Green Worth in Washington DC?
The Washington Post reports on the landmark study “What is Green Worth?” released by the Institute for Market Transformation and the District of Columbia's Department of Energy and Environment. The study finds that high performance homes marketed with green features sell at an average premium of 3.46 percent compared to homes without green features. The Washington Post story features interviews with homeowners and developers who have experienced the benefits detailed in the study first-hand.
The Upward Trend in Green Building
According to a 2015 study, home builders and remodelers report that not only are they already building green, they predict the market for green will continue growing. The "Green and Healthier Homes: Engaging Consumers of all Ages in Sustai..." report provides research on what home builders and remodelers are saying about their level of green involvement, both currently and in the future. One interesting finding is that while homebuyers of all ages are interested in these homes, consumers over age 55 are proving to be a market force in this arena. The study also emphasizes that people do not necessarily buy “efficiency,” but rather they buy things like health, comfort, and the stability of lower variable expenses.
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