In case you missed it, the City of Hudson is now offering a “Green Certification Registry” for homes certified “Green” by qualifying programs. With the goal “to provide more awareness of options for residents to make energy-efficient home improvements, to better document efforts residents make toward energy-efficient home improvements, and to provide a central source of information for contractors, real estate agents, prospective buyers, and residents to capture the financial value of energy-efficient home improvements.”
Research shows that increasing the number of sustainable homes within a community makes it more desirable for buyers.
- According to the U.S. Department of Energy, research shows that homebuyers are willing to pay more for homes with better energy efficiency. “In the largest national study to date, economists from the government-backed enterprise Freddie Mac found a 2.7% average sales price premium for rated energy-efficient single-family homes, with more efficient homes selling for a 3-5% premium compared to less efficient rated homes (2013-2017)”. Additional information can be found on the Energy Star website.
- A study by the American Council for an Energy-Efficient Economy (ACEEE) found that “the presence of energy efficiency information significantly influenced home buyers’ click rates” when looking for a new home online. If Hudson homes have energy efficiency information included when they are listed for resale, it may give them an advantage over homes elsewhere that do not have that information available in the listing.
- The ACEEE study found that participants in the Midwest were willing to increase the purchase price of their homes by about 7% for a one-point Home Energy Score increase.
- ACEEE concluded that if home listing websites included efficiency information, homeowners and sellers would likely be more interested in undertaking energy efficiency upgrades, given the payoff at time of sale. Thus, providing a uniform method of recognizing the energy efficiency of homes within the City of Hudson may encourage homeowners to invest in improvements to their homes.
- Independent appraisal studies in four different markets show that Pearl Certified homes command a 3% to 5.5% premium compared to non-certified homes when marketed as green-certified.
- Remodeling Magazine’s annual Cost vs. Value Report (2023) found that HVAC electrification conversions provide a 3.5% return on investment, higher than any other home improvement assessed.
All information sourced from: Green Certification Registry | Hudson, OH – Official Website
