What is the Home Energy Score and why do I need one?
In 2010 the US Department of Energy rolled out a nationwide program with the goal of building “market value for energy efficient single-family homes and
townhomes that improve quality of life.” There is currently no standardized method within the vast real estate system for assigning value to energy efficient homes. Therefore, “efficiency is persistently undervalued in the residential real estate market.” The Home Energy Score accounts for around 50 data points in a single family home, assigning a rating between 1 and 10 and using US Census data provides and annual estimated energy costs along with estimated savings from suggested improvements.
Data shows that energy efficient homes sell at a 3-5% premium. Capitalize on your energy upgrades and make sure your house stands apart.
An inspection teaches you about a house before you buy it. With the Home Energy Score you’ll also learn what you’re likely to pay in monthly energy costs along with ways to save.
Knowledge Is Power
Think of it as a Miles Per Gallon rating for your house. Find out where you are wasting fuel, drive your home more efficiently and keep your money in your pocket.
Looking to sell your home? You can use a Home Energy Score to reflect the energy investments you’ve made and showcase them in future listings. This information can also be used by appraisers and mortgage lenders for energy-related financing products—making your home more attractive and accessible to potential buyers. Buyers appreciate having as much information as possible when comparing homes, and the Home Energy Score is one tool they can use to make an informed decision.
Being a smart consumer means knowing everything you can about a potential purchase. A new home’s energy use impacts your comfort, indoor air quality, and monthly costs.