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!

Home Energy Savings Program

Check out the recent article in the Herald-Sun about Durham’s Home Energy Savings Program (HESP).  HESP is an energy-saving program that provides energy upgrades to existing homes that meet certain criteria at a fraction of the retail cost.  The program’s predecessor, NERP, has been wildly successful and has received much praise for helping residents save energy and money (check out what people are saying)!

Tom

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