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Homebuyers Would Choose Energy Efficient Homes Over Less Expensive, Less Efficient Homes

Our friends at the Southeast Energy Efficiency Alliance recently published the following article regarding a growing trend in the real estate market: buyers are willing to pay a premium for homes that are more energy efficient. We’ve posted the article below. Keep in mind that insulation and air sealing are proven to be the most cost-effective way to insure your home uses less energy. For a free evaluation of your insulation improvement possibilities, contact us.

APRIL 13, 2015

To complement SEEA’s recently released white paper, Construction, Code and Commerce: The Economic Impact of Commercial Energy Codes in the Southeast, SEEA has now added a similar analysis of the impact of energy codes on the new construction of single-family homes in the region. This report is called Residential Construction Review, 2005 to 2013.
Its goal is to evaluate residential construction trends in the southeastern United States through the filter of newer state-level energy codes, identifying any impacts these codes may have had. The report, which is specifically useful for local planning departments, utilities, state energy offices, builders and developers, includes the following elements:

  • New residential construction permit numbers for all 11 SEEA states from 2005 through 2013;
  • Maps of the top counties in each state for new residential construction permits; and
  • Comparative code-specific information, including residential energy code status and the effective date for each state.

One key observation coming from this data is there is no evidence that stronger residential building energy codes depress residential construction activity in the Southeast. Other factors, including mortgage interest rates, credit availability, population growth, income demographics and size of current housing stock, appear to be more influential in determining construction activity levels.


The full report can be found here.

If you have questions about the report, or would like to see it expanded to include additional analysis, please contact Ashley Fournier at afournier@seealliance.org.

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SERVICES WE PROVIDE
Foundation Waterproofing

Using Mar-flex 5000, we can waterproof any structure with an adhesive seamless barrier that coats your foundation with a high-quality membrane.

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Spray Foam Insulation

The spray application method allows for continuous insulation and an air sealing barrier on walls, roofs, in tight corners, and all contoured surfaces.

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Cellulose Insulation

Made of 75-85% recycled paper, cellulose is the most environmentally friendly and efficient way to insulate your new or existing residential or commercial buildings.

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Green Remodeling

Beyond energy efficiency, we’ll work with you on a number of eco-friendly building improvements that help you qualify for certifications such as LEED for Homes or ENERGY STAR.

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Fiberglass Insulation

Made of up to 40% recycled materials, fiberglass is available as blown-in loose fill, rolls, or batts, and is one of the best ways to reduce your energy bills.

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Radiant Barriers

In a climate such as Virginia’s, radiant barriers or “foil insulation” can be used in tandem with other materials to reduce cooling bills in the summer.

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Energy Audits

We’ll find the leaks and shortfalls of your current insulation, then provide a cost-effective plan that works for you and your project.

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Weatherization

Optimizing your building’s energy efficiency is one of the best investments you can make for comfort, lower bills, a reduced carbon footprint, and air quality.

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Crawl Space Encapsulation

Vented crawl spaces are no longer the way to go. Reduce excess moisture and prevent mold growth by isolating the crawl space from outside moisture.

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Mold Remediation

From the lab test to the mold removal to prevention systems, our whole-home approach to air quality ensures comfort and safety for your family.

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