DENVER - A recent study of existing home sales shows that energy-efficient homes commanded a significant price increase of almost $9 per square foot over comparable, code-built homes. In a home of 2,500 square feet, that could translate into a price bump of $21,500.
The study authors reviewed home sales of ENERGY STAR homes in Fort Collins, Colo., and comparable conventional homes, holding the following variables constant …
The study showed that the resale of energy-efficient, ENERGY STAR-certified homes realized a price premium of $8.66 per square foot.
Energy and utility charges have a direct bearing on home ownership costs, and until recently, there has been little data correlating buyer recognition of reduced energy costs with higher resale prices. This paper is one of a handful to demonstrate a significant marketplace premium on the RESALE of “green,” energy-efficient home sales.
It also suggests that buyers value invisible features affecting energy use – insulation levels, air leakage, appliance and mechanical efficiencies. “Valuing Green Home Designs” also shows that buyers recognize the ENERGY STAR brand, third-party verification of those homes, and above-code checklists that can reduce energy use as much as 50 percent.
To download a copy of the paper,CLICK HERE.
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 Bryan Bloom, MaryEllen C. Nobe, and Michael D. Nobe. “Valuing Green Home Designs: A Study of ENERGY STAR Homes,” Journal of Sustainable Real Estate, Vol. 3, No. 1, 2011, pp. 109 – 26.