In the modern real estate marketplace, buyers and renters can sort and filter listings of potential buildings for myriad characteristics. However, energy efficiency and other energy features are rarely among these. The value of energy efficiency in homes, offices, and other buildings has historically not been effectively communicated between the property owner, real estate broker, appraiser, lender, and buyer due in large part to a lack of consistent tools to facilitate this exchange. In recent years, though, considerable advances have been made to streamline this process, enable accurate valuation of building energy efficiency in real estate transactions, and make energy efficiency visible.
Green Real Estate Resources:
NEEP supports this "greening" of the real estate market by providing resources for on-the-ground real estate professionals tailored to the needs of the Northeast and Mid-Atlantic residential and commercial real estate markets.
- Home Energy Labeling Information eXchange (HELIX): NEEP leads a team in the creation of a database enabling automatic population of "green" data fields in Multiple Listing Services (MLS) in the northeast when information from energy rating programs like DOE's Home Energy Score is available.
- Home Energy Information Accelerator: In 2015, NEEP joined a national effort on behalf of the region to make home energy certification and estimated energy use more readily available.
The Emerging Green Home Marketplace - Fears, Challenges & Solutions (Webinar June 27 2018)
For information about the policies and programs supporting the transparent valuation of building energy efficiency in our region, please see our Energy Rating page.