Rafael Reyes on Friday, 20 July 2012 17:13
Green Labels Add Value to California Homes
California homeowners who add insulation, upgrade to more efficient water heaters and make other energy- and water-saving improvements could add as much as 12% to the value of their homes when they are certified as green by the Energy Star, GreenPoint Rated or LEED for Homes programs, according to a new study by researchers with UC Berkeley and UCLA. The “Value of Green Labels in the California Housing Market” study found that a typical California home valued at $400,000 sells for an average of 8.7%, or $34,800, more when it has a green label.