Consumers will Pay Premium for Green-Built Homes
U.S. home buyers are willing to pay a premium for more environmentally friendly, green-built homes, according toÂ a surveyÂ from Green Builder Media.
More than half of homebuilders surveyed (250 residential builders across the U.S.)Â said that buyers are willing to pay a premium of between 11-25 percentÂ for green-built homes. The same builders report that the average green home buyer is between the ages of 35-50 with a college degree and fair understanding of green products.
Ninety-Six percentÂ of homebuilders in the survey group intend to incorporate more green building materials and processes into their business in 2007, according to Green Builder. Just 51 percentÂ of those same builders currently report using green products or practices regularly.
The primary reasons builders provided for not using more green products were price and availability.
Sixty percentÂ of those surveyed currently market some of the homes they build as green homes.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Con Edison Development Procures GE Energy Storage System
- Courthouse Replaces Oversized Boiler
- Indoor Farming Company Works on HVAC with PUE 1.0
- Toolkits Designed to Help Health Care Facilities Reduce Energy
- San Antonio Macyâ€™s Store Showcases Better Buildings Challenge Measures
- Natural Gas Gensets to Reach 27 GW of Installed Capacity by 2024
- Larson Releases a Solar Powered Generator with Manual Crank Mast
- Energy Efficiency in Food Service Businesses