Here’s how the housing market is taking green action
Many homeowners and housing market players are choosing to go green by switching to solar power, becoming more energy efficient and investing in sustainability. Arizona is a perfect climate for solar, which is the most popular choice. The state receives sunlight for nearly 290 days a year, so it makes sense to generate your own electricity from the sun. Solar energy is cleaner and more efficient and helps reduce dependence on fossil fuels.
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According to the Solar Energy Industries Association, the cost of installing solar energy has dropped by more than 60% over the past decade, making it accessible to more homeowners. Additionally, the Federal Solar Tax Credit provides a 26% tax credit for systems installed between 2020 and 2022. Additionally, there may be other incentives that Arizona offers on solar power.
As a real estate agent, I always recommend that landlords consider the terms of the lease over time. Although there is no upfront fee, if the lease continues to increase significantly over the term of the lease, it may not be a good choice. Solar companies may advertise that solar energy increases the value of your home, but this depends on the rental terms and how long you intend to live in the home. It is also important when selling to paint a clear picture of future energy savings for the new buyer.
Energy efficiency is becoming increasingly important to homeowners. People are continually looking for ways to lower their costs, reduce their carbon footprint and have a positive impact on the environment. There are many ways to retrofit existing homes, such as installing low-flow water faucets, energy-efficient light bulbs, and programmable thermostats. You can also add extra installation in attics and seal the whole house. High-efficiency appliances, furnaces, and triple-glazed windows also contribute to a home’s durability.
Builders also use third-party home certifications such as the Home Energy Rating System Index to rate overall home efficiency. The lower the HERS rating, the more energy efficient the home. A lower rating also translates to reduced utility costs, increased thermal comfort, lower maintenance costs and higher market appraisal value. It also creates healthier indoor air quality with fewer moisture issues and a more sustainable home through improved building techniques and materials.
Most new home builders build with green principles in mind, knowing that consumers value energy efficiency, quality systems and non-toxic products. A whole-building approach leads to greater occupant comfort, long-term savings and a myriad of environmental benefits.
Annette Dalton has been an agent with RE/MAX Fine Properties since 2021 and a full-time realtor since 2003. She is currently the President of the State of Arizona RRC and a member of the Arizona Board of Directors. She is very involved in her community through local events and charities, including St. Vincent de Paul, Arizona Humane Society, The Autism Nation, St. Mary’s Food Bank, Raising Arizona’s Men, and Living Hope Cancer Foundation. Annette is dedicated to providing exceptional service to her clients in hopes of making them a customer for life. Her designations include ABR (Accredited Buyer’s Representative), CRS (Certified Residential Specialist), Green Designation from NAR, e-Pro (Real Estate Technology), and CNE (Certified Negotiation Expert).