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Mar 12, 2013 by adminComments are offThe housing market in Arizona has been growing quickly and substantially when compared to the rest of the nation.
While there are many different upgrades and improvements that you can make to your home, you will likely get the most bang for your buck if you choose to make energy improvements.
According to a Residential Energy Consumption Survey that interviewed Arizona homeowners and was published in 2009, many Arizona homeowners are taking steps to make their homes more energy-efficient. If you compare your home to the average energy consumption data listed above, how does your home measure up? As energy costs continue to rise, there is a growing trend for home buyers to look for energy-efficient homes, especially in hot states such as Arizona where air-conditioning usage is high.
You will attract buyers who are interested in saving on energy costs and caring for the environment. Your home will be more attractive to potential buyers than less-efficient homes for sale nearby. Your energy-efficient home listing will be interesting and will help you to sell your home more quickly. Although some home owners are worried about the cost of making their homes more energy-efficient, most are pleased to find out that the increased resale value of their homes is more than enough to compensate for the initial investment in energy upgrades. Although there are many things that you can do to decrease your energy usage (including turning off lights when not in use, unplugging dormant electronics and chargers and being more conservative with your energy use in general), it is important to note that these lifestyle changes won’t necessarily increase your home’s resale value. If you make some or all of the above energy upgrades then you should make sure that you advertise these upgrades in your home listing. Have your home inspected again (it is a good idea to get a Home Energy Rating System (HERS) inspection done because you will be given HERS rating that will show your home’s overall energy efficiency. If you want to sell your home quickly and for a great price, then a great way to increase your success is by making your home as energy-efficient as possible.
We are committed to making Arizona homes more energy efficient, while helping homeowners realize a rapid return on their green home investment.
A new study finds that living in an energy-efficient home makes you one-third less likely to default on your mortgage.
The report controlled for factors like the size of the home, its age, the borrower’s credit score, local unemployment rates, local climate and energy prices.
A poll conducted in December found that 62 percent of Americans think the Earth is getting warmer, up from 55 percent last spring — and most base their opinions on the weather. The Bureau of Labor Statistics said clean energy jobs grew from 2010 to 2011 at four times the rate of all other categories combined. Ceres’ Mindy Lubber outlines the overwhelming support Renewable Portfolio Standards have in the states, and the mystifying opposition they inspire. Los Angeles is accelerating the conversion of its reliance on coal by dumping its interest in an Arizona coal plant and converting one in Utah to natural gas. Transocean CEO Steven Newman admitted in court that his crew should have done more to prevent the blowout that caused the Deepwater Horizon spill. When a building is designed to work very well to be extremely environmentally friendly, by definition (most likely) it is very energy efficient, cost-effect, resilient, and very easy to get working when things go wrong. I’d argue that the kind of people who buy such homes tend to be more affluent in general. This has saved me money in the long run but if i had less money those energy saving investments would never have occurred. Building with structural insulated panels (SIPs) saves a considerable amount in labor costs and minimal to no materials cost difference. We are seeing the beginnings of an awakening and it comes from the property and liability insurance companies.
Now, we need those life insurance companies who sell annuities to understand that they need to price climate risk into their actuarial calculations.

Energy efficient homes are actually priced a lot more expensively on the market than equivalent homes which aren’t. Successful communities will game the system and make this stuff work; ie, until the system makes it easy.
There may be unaccounted-for factors that affect why mortgaged Energy Star homes are far less likely to go into default, but if we have to speculate on what those factors are, let’s give the researchers some credit for looking at the variables for which they had access to data.
A factor that seems obvious to me is that Energy Star homes cost less to operate, so the utility bills could be less stress on a household budget. If household budget were studied directly that might statistically clean out some of the compounded factors in credit scores. It would be great if the researchers ran stats on whether or not the mortgage-holders were first-time home buyers, as would my other info-wish about how much reduced home energy cost affected the household budgets, another obvious factor in mortgage-default rates.
However, it looks like the research had no primary interview data with the homeowners, relying more on the banks’information that would have included applicant credit scores.
Joan Savage has it right that the people analysing the data have it right unless you give specific reason that there is something wrong with the data and analysis. If you have read the original report where do you think the stats or analysis are in error; or do you know E&E News or the primary source to produce bad reports? And, describe a single case study of you retrofittin your home which you also indicate requires a certain level of affluence. To become a qualified ENERGY STAR builder, a builder must construct a home that meets energy efficiency guidelines set by the U.S. Any home that meet EPA's guidelines and is three stories or less can earn the ENERGY STAR label including: single family, attached, manufactured homes, and low-rise multi-family homes, modular construction , log homes, and concrete homes. Many ENERGY STAR home builders have been recognized by ENERGY STAR for their energy efficient building processes.
Home ENERGY STAR builders are realizing the value of adding energy efficient products within the new home. Many home builders are making sure to be ENERGY STAR qualified with energy cost on the rise, but one builder has been building green home before it was trendy.
According to the Institute for Market Transformation, household energy use is lower than it was in the 1980's, even as household buy and use more electronic devices.
In fact, the Federal Housing Finance Agency (FHFA) recently reported that home prices last year in Arizona had increased by 20% in the third quarter. However, because the housing market is so strong and competitive in Arizona, you may have a hard time selling your home quickly unless you make improvements to it and give it an advantage over competing homes for sale.
This is because energy costs have been rapidly rising over the years and have made life uncomfortable for many Arizona homeowners. Are you doing all that you can to conserve energy in your home and thereby save a significant amount of money over time or is your home currently less efficient than you would like it to be?
Hot water bills, air conditioning, and heating can easily add up to over 70% of the annual operating costs for an Arizona home. If potential buyers can easily see that your home is more efficient than other homes nearby, then it will be a powerful incentive for them to purchase from you.
Along with low-wattage lights, better insulation and smart appliances, living in an energy-efficient home makes you almost one-third less likely to default on your loan payments, according to a study released yesterday from the Institute for Market Transformation (IMT) and the University of North Carolina, Chapel Hill. Researchers paid special attention to loans that originated after 2006 and the types of loans disbursed to factor in the housing market collapse. Affluence is the reason these home owners aren’t defaulting not the fact that the energy efficient house saves money.
The poor default more often, and cannot afford improvements to old homes or their installation in new. Builders realize that homebuyers are increasingly interested in the value of green homes and energy efficiency is the place to start.

ENERGY STAR qualified new homes can contain a diversity of 'tried-and-true' energy efficient features that improved home quality, homeowner comfort, and lower energy demand while reduced air pollution.
Aston Woods Homes won the 2009 ENERGY STAR Leadership in Housing Award and has been recognized by the U.S. With ENERGY STAR qualified new homes for sale offering new homebuyers all the features they want in a home as well as the benefits of a green home. Pulte Homes new communities now include Energy Star appliances as a standard in each new home for sale. With over a decade of building new green homes for sale and energy-efficient new homes, Pardee Homes has been a leader in building green homes with more than 24 LivingSmart and 14 California Green Builder-certified new communities (no wounder why California is one of the top Green building states).
To put that into perspective, the rest of the nation’s home prices in the third quarter only increased by an average of 4.04%. As a result, more homeowners are interested in purchasing homes that are energy-efficient and can save them money in the long run.
If you make energy efficiency improvements to your home then you will save money as a result and the resale value of your home will increase. However, that percentage can drop significantly if you choose to make strategic energy upgrades. If banks include this factor when deciding on prospects, a home that shrinks your energy bills could also cut your mortgage rate. In fact, default risks go down as a home’s score on the Home Energy Rating System index goes up. Indeed, in Australia at least, most modern homes are embarrassingly energy inefficient, lacking not just verandahs (as most old homes do) but even eaves, in the interests of packing them in ever more tightly together. These homes must be at least 15% more energy efficient than homes built to the 2004 International Residential Code (IRC), and contain additional energy-saving features that typically make the new home 20–30% more efficient than standard homes.
This is because the energy used to run the home is often from the burning of fossil fuels from power plants. Plus energy-saving features come standard with SummerHill Homes like, energy efficient insulation systems, energy efficient windows, tight construction and ducts, properly-sized and installed heating and cooling systems, third-party verification of energy performance, and energy efficient products. According to the Department of Energy, all Energy Star appliances use 10-15% less energy and water then standard models when certified by the U.S.
Starting in 1998 when Pardee Homes helped pioneer the EPA's Energy Star® program, by building energy-efficient homes that exceeded code by 15% or more.
The FHFA also reported that the housing market in Arizona has been outpacing the housing market in the rest of the country by a large margin over the past couple of years.
Energy-efficient homes are also 25 percent less likely to prepay their loans, meaning lenders will make more money. Lots of glass, often facing west or north, no sheltering trees or room for them, and huge air-conditioning systems. This award distinguishes the important contribution Ashton Woods Homes has made to energy-efficient construction and environmental protection by building more than 1,202 ENERGY STAR qualified homes last year. My old place is small, built of stone, has verandahs and the thoughtful occupants a hundred or more years ago, planted an oak that is now gigantic, and cuts out a lot of summer sun. They realized they must build the most energy efficient homes in the area to gain a leg up on the competition. Appliances and lighting account for more than one-third of the average homeowner’s utility bill according to the DOE. The best way to make sure a new home is energy efficient is to look for the blue ENERGY STAR label, which is the government-backed symbol for energy efficiency.

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