The National Association of Home Builders says a recent survey of prospective home buyers shows energy efficient homes are what they want most, according to a story in The M Report. That’s why the nation’s home builders are adding energy efficient features to their new homes.
“Our builder members are telling us that more and more buyers are looking at new homes for their efficiency in design and functionality,” said NAHB chairman Tom Woods, a home builder from Blue Springs, Mo. “Whether it’s improved insulation or sustainable building materials, today’s new homes can reach higher energy performance and greater durability than was possible even 20 years ago. And programs like the National Green Building Standard help consumers achieve their efficiency needs.”
According to the survey, millennials say that Energy Star certifications are a priority for them when buying a home and they are willing to pay up to 3% more for an energy-efficient home because they know their energy bills will be lower with as a result. Since millennials comprise so much of the market for new homes, their needs and desires are taken very seriously by builders.
Almost 84% of the people who responded to the survey said energy efficient windows, Energy Star rated appliances and programmable thermostats are high on the list of features they want in a new home. Others went further, saying they are looking for energy, water, and resource efficiency in a new home, together with improved indoor environmental quality from sustainable and locally sourced products.
An NAHB survey of builders who specialize in single family homes shows that that almost 25% of them are now installing alternative energy systems like geothermal heat pumps and photovoltaic solar panels in their new houses.
Owners of existing homes should keep in mind that the federal 30% tax credit available for installation of alternative energy equipment is set to expire at the end of 2016, which makes this a good time to add such environmentally friendly systems.