What impact will energy data for 110 million homes have on the energy efficiency industry?
For more than a decade studies have consistently shown that homebuyers want energy efficient features, but few are actually aware of the impact those features have on energy cost. The average U.S. homeowner spends more on energy than property taxes and insurance, but energy is the only one of those three common expenses not considered in the mortgage process. The recent announcement and report released by the Rocky Mountain Institute (RMI) that real estate platforms have started including energy information in their listings is a significant step toward reducing the barrier to transparency of energy use in the home buying process. This transparency is also likely to spur energy efficiency improvements which is good news for utility efficiency programs, contractors and HERS Raters.