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2 clusters · 6 sources · 4 days · First seen · Last updated
Energy efficiency impact on residential property values
Overview
Research indicates a growing correlation between residential energy features and increased property market values in both the United States and Australia.
In the United States, studies suggest that solar panel installations can increase home values by an average of 4.1% and provide long-term utility cost reductions. In Australia, a report titled ‘The Efficiency Edge’ found that each additional star on the Nationwide House Energy Rating Scheme is associated with an average 1.3% increase in property value. The Australian data also shows that homes with solar panels sold for approximately 2.7% more than comparable properties, while specific sustainable designs in Mount Hawthorn saw premiums between 14% and 24%.
Entities
Zillow · Cotality · Lawrence Berkeley National Laboratory · Real Estate Institute of Australia
Timeline
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[BUSINESS] 2 sourcesEnergy efficiency impacts Australian property values
A report by Cotality and the Real Estate Institute of Australia shows that energy efficiency and solar panels can significantly increase property values and buyer interest.
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[BUSINESS] 4 sourcesSolar panels can increase home value and reduce utility costs
Solar panel installations can increase home resale values by an average of 4.1% and provide long-term savings by reducing monthly utility bills and protecting against rising energy rates.
Sources
floridasolardesigngroup.com · iconsolar.com · onebyfourstudio.com · thebiguknewsroom.co.uk · thewest.com.au · wyomingoutdoorcouncil.org