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The concept of green homes not only saves the environment, it can also save you money. “We’re finding that green homes are increasing in value,” says Rosemary Scardina, CEO of the Lehigh Valley Association of REALTORS® (LVAR). “Homebuyers know the value of energy-efficiency and are seeking that as a criteria for purchasing a home. Many potential buyers are willing to pay more for a green home because they know they will reap the benefits of saving on heating and cooling for years to come,” Scardina adds.
Energy efficiency in heating and cooling are not the only criteria that make a home green. Features such as energy-efficient appliances, recycled and locally sourced materials, rainwater collection, natural, chemical free insulation, low flush toilets and environmentally sound materials are also a consideration when buying or selling a green home.
“Green means different things to different people depending on their individual focus,” says Scardina. “Some homebuyers are concerned about indoor air quality while others want the facts on sustainability.” According to Scardina, it is important for consumers to be informed and ask for documentation.
LVAR is currently offering the National Association of REALTORS® Green Designation course to its members. The course introduces LVAR members to green building, sustainability, the principles of smart growth and carbon footprints. The certification requires that professionals take the two-day class and participate in an additional elective class in their field of expertise. “We’re offering the classes because we are committed to educating our membership in all areas of green homes, green is not only the home you live in but the lifestyle you lead,” says Scardina.
When considering moving to the Lehigh Valley, Scardina believes that alternative transportation including future railways, buses, etc. will have an effect on the desirability of our area and contribute to a green lifestyle.
The American Recovery and Reinvestment act of 2009 offers homeowners a tax incentive for making their homes more energy- efficient. Homeowners may receive tax credits of up to 30% on a qualified energy improvement with a cap of $1500. The credit applies to improvements made during 2009 and 2010 and must be made to a principal residence. Insulation, exterior windows and skylights, storm windows in combination with exterior windows, storm doors in combination with a wooden door, energy-efficient gas, propane and oil water heaters, electric heat pumps and a variety of HVAC products and systems are eligible for the tax credit.
Energy tax credits are available up to 30% of the cost, with no upper limit through 2016 for existing homes and new construction for geothermal heat pumps, solar panels, solar water heaters, small wind energy systems and fuel cells. For details on product requirements, visit www.energystar.gov/taxcredits.
“As we look to the future of the real estate marketplace, green living is an integral part of the home buying and selling process,” Scardina adds. “Living green not only saves the environment, it also provides everyday savings to the homeowner.”
This article is provided courtesy of the members of the Lehigh Valley Association of REALTORS®. Visit us at http://www.lehighvalleyarea.com/. |