5 Benefits Of An Energy Efficient Home​

Last Updated on May 19, 2023

Benefits Of Building An Energy Efficient Home

Post by RyanSellers.com Real Estate Group

According to the National Association of Realtors (NAR), energy-efficient-rated homes sell for 2.7% more than unrated homes, and better-rated homes sell for 3% to 5% more than lesser-rated homes. It’s also reported that energy efficiency adds $8,246 to a home’s value in 2022, and is projected to increase year to year.

Benefits

keeps utility bills low
improve your comfort and health in your home
mitigate wear and tear
improve your home value
it’s environmentally friendly

Requirements

high insulation levels in walls, ceilings and basements
high-efficiency windows and doors
high-efficiency heating
whole-house mechanical ventilation
testing to ensure minimal air leakage
water-conserving fixtures

The cost of making your home energy efficient varies based on many variables, including the scope of improvements you are looking to perform, the cost of labour and parts in your market etc. However, the average homeowner can expect to pay up to 10% of the price it takes to build the home. While this may seem steep, the returns may easily outweigh the upfront costs. Additionally, there are government rebates and programs available to make it easier for homeowners to go down the energy-efficient path. In Alberta:

“The Clean Energy Improvement Program (CEIP) is a Property Assessed Clean Energy (PACE)-style program that helps people make energy efficient upgrades to their properties without having to put money down. The cost of the upgrade is recovered through the owner’s property taxes.”

For more information about the program, please click here.