Value of Energy Efficient Homes
The North Carolina Energy Efficiency Alliance, in partnership with the NC Energy Office, recently completed a study investigating the market advantages of Energy Star homes in a five-county region around Durham. They compared a random sample of new Energy Star homes built in 2010 against homes with no building certifications that were appraised as similar by a third-party appraisal company. The study found that Energy Star homes sold for an average of $5,566 more overall, and at a rate of $2.99 per square foot more. They also sold almost three months quicker on average. Read the full study.
This illustrates the market value of energy-saving home features. The City of Durham still has a few openings in its Home Energy Savings Program providing up to $2,000 for a home energy upgrade for qualifying homes at a cost of only $400!