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02/12/1999 12:19 PM     print story email story      

Energy Efficiency Pays Off in Home Sales

A study by the ICF Kaiser Consulting Group for the US EPA's Energy Star Homes Program found that homebuyers are willing to pay substantially more for energy-efficient homes.

Energy Star homes use at least 30% less energy than a Model Energy Code home while maintaining or improving indoor air quality and increasing comfort. EPA estimates that the cost to upgrade a new home to Energy Star levels ranges from $2,000 to $4,000, and reduces utility bills by $420 per year.

For every $1 saved in annual utility bills, $20 is added to a home's market value. Therefore, a savings of $420 a year in utility bills translates into an additional $8,400 for the home when it's sold.

To read the report: http://www.icfkaiser.com/consulting/docs/econcomm/homeener.pdf

EPA Energy Star Homes: http://yosemite.epa.gov/appd/eshomes

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