A Washington Post article looks at the findings of two studies regarding sales price and resale value of sustainable homes in selected markets.
Washington Post article looks at the findings of two
studies regarding the sales prices of sustainable homes in selected markets. The nonprofit Earth Advantage Institute
found that newly constructed homes with third-party certifications for
sustainability and energy efficiency sold for 8 percent more on average
than noncertified homes in the six-county Portland metropolitan area. Existing
houses with certifications sold for 30 percent more.
Meanwhile, a recent study of
houses in San Diego and Sacramento, published by the National Bureau
of Economic Research, looked at the resale value of homes with solar PV panels
installed. Researchers found that, on average, installing solar panels costs
owners $35,967 in a sample of homes in the $500,000 range. But with federal and
state subsidies, the net average cost came down to $20,892. This net
expenditure, in turn, yielded an increase in appraised value of $20,194, a
97 percent rate of recovery on the investment.
Read the entire article here.
Sales Of 'Green' Homes Look Promising
August 30, 2011