Green housing projects accounted forÂ 20 percent of all new-home constructionÂ in 2012 and could reach 25 percent this year, according to the research firm McGraw Hill Construction. By 2016, energy-saving components are expected to be includedÂ in 29 to 38 percent ofÂ all new homes.
AÂ recent article in The Wall Street JournalÂ noted that extreme energy efficiency is becoming standard practice at major homebuilders such as KB Home.
Green homes take a biteÂ out of utility bills and help owners reduce their carbon footprint on the planet, but thereâ€™s a another benefit as well: Adding energy-efficient features pays off when it comes time to sell.
The Journal article noted a study last year by professors at UC Berkeley and UCLA that found California homes with a green label sell for 9 percent more thanÂ comparable homes without that label.
Here in the Bay Area, as you might imagine, we take building eco-friendly homes seriously. Oakland-based nonprofitÂ Build it GreenÂ works with building and real estate professionals, local and state governments, and homeowners to increase awareness and adoption of green building practices.
In 2012, 4,200 homes were rated through the companyâ€™sÂ GreenPoint program, which encourages green home features that conserve energy, water, materials, and create a healthier indoor environment. bringing the total to nearly 15,000 homes rated statewide. By Build it Greenâ€™s calculations, green practices in those homes resulted in energy and water savings equivalent to taking 12,945 passenger cars off the road for one year, and conserving 279 Olympic-size swimming pools of water.
For more information on state and federalÂ rebates andÂ incentives to cutÂ the cost of installing solar panels, check out the article we posted on this blog on March 29, â€œCalif. Homeowners Warming Up to Solar Power.â€
Source: Pacific Union blog