As green building pros know all too well, today’s recession-weary home buyers are often more concerned with price than with a home’s energy rating, durability, or indoor air quality. New research, however, reflects a steady increase in the public’s understanding of the value of green building features.
In fact, one analysis in the Portland, Ore., metropolitan area found that green-certified dwellings sold for up to 30% more on average. The study from Portland-based nonprofit Earth Advantage Institute, which analyzed sales data for May 2010 through April 2011 from the Portland Regional MLS, found that green-certified new homes, on average, sold for 8% more than non-certified ones. In one of the six counties reporting figures, the premium was more than 23%. Certifications came from Energy Star, LEED for Homes, Earth Advantage, or an Earth Advantage/Energy Star combination.
This is a blog supporting discussion surrounding the EDIN (Energy Development in Island Nations) USVI (United States Virgin Islands) EEWG (Energy Efficiency Working Group). We welcome Virgin Island residents, businesses, government officials, utilities, and relevant consultants and commerical interests to participate. We are in the process of introducing the "VIenergize" campaign; energizing the Virgin Islands' pursuit of reduced fossil fuel consumption.
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