A new study involving an unusually large sample of 1.6 million homes sold in California between 2007 and early 2012 found that, holding all other variables constant, a green certification label on a house adds an average of 9% to its selling value. Researchers also found something they call the “Prius effect”: Buyers in areas where consumer sentiment in support of conservation is relatively high—with a certain percentage of hybrid-auto registrations—are more willing to pay premiums for green-certified houses.
Advertisement
Related Stories
Codes + Standards
Public Comment Period Opens for 2024 National Green Building Standard Update
The 45-day public comment period opened Aug. 18, and comments must be submitted by Oct. 2, 2023
Codes + Standards
The Inefficiencies of the Latest Energy Code
The 2021 edition of the International Energy Conservation Code (IECC) hampers the return on investment for builders and homebuyers
Energy Efficiency
New RESNET Label Provides Home Energy-Efficiency Ratings and Certifications Info
A one-page, consumer-friendly label is now available for all homes in the RESNET Registry