ENERGY STAR new homes and Å·²©ÓéÀÖ impact of certification on Maryland home prices
DownloadThis white paper examines a recent study that uses statistical analysis to quantify Å·²©ÓéÀÖ impact of ENERGY STAR Certification on home prices. The study found a statistically significant price premium ranging from 2.1%-5.2% for ENERGY STAR Homes sold in Å·²©ÓéÀÖ state of Maryland from 2012 to 2015. The study evaluated Maryland home prices and sales data for over 15,000+ homes.
Based on Å·²©ÓéÀÖ price premium study results, this would translate to an additional 211 million to 524 million dollarsâ€� worth of additional value generated by Å·²©ÓéÀÖ program for Å·²©ÓéÀÖ Maryland new construction market. This additional value to Å·²©ÓéÀÖ region should be accurately reflected in Å·²©ÓéÀÖ communication to potential homebuyers, builders, program evaluators, and in real estate valuations.