Embracing Green Living: How to Upgrade Your Home for Energy Efficiency
The modern homebuyer is shifting towards a sustainable future, as eco-friendly homes are increasingly in demand. This trend isn't only a reflection of global climate change concerns but also a smart financial move. A recent report by Texas-based energy provider, Payless Power, reveals that homeowners are prepared to pay an additional $50,000 for a home that promotes energy efficiency and hence, saves on energy costs. This blog aims to provide some insights and helpful tips on making your home more green and energy-efficient, irrespective of your budget. Of course, when in doubt, feel free to reach out to me directly! I’d LOVE to chat and help out in any way I can.
The Value of Energy Efficiency in Real Estate
Energy efficiency isn't just a buzzword in the real estate industry; it’s a valuable asset. The 2022 REALTORS® and Sustainability Report shows that 60% of real estate professionals recognize the advantages of promoting energy efficiency in their listings. The reason is simple: energy-efficient homes are not only cost-effective but also health-enhancing. Improved indoor air quality and the use of durable construction materials are just a few of the advantages that come with an eco-friendly home. Furthermore, properties with green features may witness an increased resale value, making them a wise investment.
Green Living: Not Just for the Affluent
There is a common misconception that making eco-friendly home improvements is a privilege reserved for the wealthy. But that's NOT entirely true. The Payless Power survey indicates that cost-effective measures, such as unplugging devices when not in use to combat "vampire energy," can result in an average $20 monthly savings. Also, by upgrading aging appliances, Americans could save an average of $1,300 on annual energy costs. Simple lifestyle changes, such as switching to LED lights or reducing shower times, can contribute to additional savings.
For those who find the upfront costs of upgrading to energy-efficient appliances daunting (trust me, you’re not alone!), various cities, states, and even the federal government offer tax credits for making such eco-friendly upgrades. When combined with annual energy savings, these upgrades can be a valuable long-term investment. I encourage you to read more about Washington State’s tax incentive programs on the Department of Revenue website HERE and check out the Consumer Guide to the Inflation Reduction Act HERE.
It may also benefit you to become familiar with Built Green, the green home certification program of the Master Builders Association of King and Snohomish Counties. In addition to certifying green homes, remodels, apartments, and communities, they host a membership network of companies and individuals involved in the green building industry. They also research and communicate the human and environmental benefits of ecologically focused building, so clearly…there’s a wealth of helpful knowledge to be shared and absorbed! And if you really want to have some fun planning your eco-friendly upgrade, play around with Built Green’s “Eco-cool remodel tool” HERE.
Top Eco-Friendly Features for Homes
The Payless Power survey found that Americans prefer specific green features in their homes. The most desired features are solar panels, energy-efficient appliances, and high-efficiency HVAC systems. Each of these upgrades significantly reduces energy usage, which results in lower utility bills, thus making them both eco-friendly and cost-effective.
The road to a greener home is not necessarily paved with extravagant costs. By making mindful choices, from unplugging unused devices to installing energy-efficient appliances, homeowners can reduce their carbon footprint while saving on energy costs. Remember, green living isn't exclusive to the wealthy—it's a lifestyle choice that's accessible to everyone.