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Valuing Green Home Designs: A Study of ENERGY STAR® Homes

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  • Bryan Bloom
  • MaryEllen Nobe
  • Michael Nobe

Abstract

A number of researchers have attempted to isolate the incremental effect of energy efficiency on home value; however, few studies have benefited from the availability of a comprehensive and continuous indicator of home energy efficiency such as the ENERGY STAR® program. This case study builds on past research by comparing original sale prices between ENERGY STAR qualified homes and non-ENERGY STAR qualified homes in Fort Collins, Colorado. Sale prices were analyzed using hedonic regression analysis. Results indicate that ENERGY STAR homes originally sold for $8.66 more per square foot than non-ENERGY STAR homes.

Suggested Citation

  • Bryan Bloom & MaryEllen Nobe & Michael Nobe, 2011. "Valuing Green Home Designs: A Study of ENERGY STAR® Homes," Journal of Sustainable Real Estate, Taylor & Francis Journals, vol. 3(1), pages 109-126, January.
    • Handle: RePEc:taf:rsrexx:v:3:y:2011:i:1:p:109-126
    DOI: 10.1080/10835547.2011.12091818
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