Facts All Agents Should Know When It Comes to the Green House Market

 What should agents know about the Green House Market?

All an agent needs to know can be found at the National Association of Realtors Green Designation.

Preserving our environment is a very important factor in today's world. Going green is not just a choice but a way of life. When it comes to homes, there are green homes out there to be sold. Here are eight facts all agents should know when it comes to the green housing market.

Green Certified Homes

Green-certified homes are not just energy efficient but also official and governed. There are certifications that must be met in order for a house to be deemed green certified. The water, energy, site design, intelligent use of resources, quality of the indoor environment, and overall home operation and maintenance are reviewed to see if they meet certain criteria for environmental friendliness. The U.S. Green Building Council (USGBC) sets LEED standards in order for a home to be LEED-certified.

Green Designation for Real Estate Agents

If agents want to learn more about green homes, the National Association of Realtors has created a Green Destination. This is where agents can learn more about sustainability and energy efficiency in real estate through classes or online. Once the agent has done this, they can take an exam to earn the Green Designation. Becoming Green Designation gives you access to marketing tools, market research, understanding of green homes and how to market them, and inclusion in the online Green directory.

The Green Standard

A home does not have to be necessarily certified but can have green home features that can be highlighted. Agents can use these green home characteristics to appeal to this niche market that loves sustainable living conditions. These features can include solar panels, installation of energy-efficient appliances, and construction using recyclable materials, such as flooring.

Energy Efficiency Saves Money

Energy efficient homes can save money on utilities. Energy Star-certified appliances can help add value to a home and reduce utility costs. A seller can get an energy audit on their home which will give buyers an idea of home much energy the home uses and how much that can save with a sustainable home.

Green Homes and Landlords

Renters can also benefit from a green home as well as landlords and investors. There are tons of tenants who are looking for a sustainable home. Green homes use less electricity and water so utility bills will be lower.

Preservation of the Environment

A green home will preserve our natural resources. This is a great way that homeowners are taking action to improve and preserve our world. Ways to do this are using recyclable materials and energy-saving components.

Safety and Peace of Mind

Green home standards are built with specifications in mind. These requirements will hold builders accountable for your peace of mind. Buyers can be reassured that the home they are purchasing is safe and efficient.

Saving Money and the World

Millennials who make up the largest growing niche in the real estate market love saving money and saving the planet. These homebuyers are looking for a sustainable and affordable home. Agents can push green homes and list all of the incentives that come with a green home.

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Green Building – Tax and Rebate Benefit for Homeowners

There are always tax benefits for taxpayers who own their own home. New home buyers and remodeling homeowners can accrue tax credits when using green building techniques. Congress established these energy-efficiency tax incentives in 2005 which include tax code section 45L credit for the construction of energy efficient homes, 25C credit for retrofitting/remodeling existing homes and 25D credit for the installation of power production property in new and existing homes.

The National Association of Home Builders (NAHB) believes that green building is so important that they started to promote the concept in 2004 and created the first certification program for using green building techniques called

Certified Green Builder.  A good majority of new home builders and remodelers are Certified Green Builders which include some of the top builders in St. Tammany Parish. In fact, some of the builders who build homes in Bedico Creek are Certified Green Builders.

There are many green building techniques that are used today which include double and even triple pane energy efficient windows that will keep in heat or keep solar energy out (Low-E and Argon gas windows), green roofs or cool roofs which will either absorb or reflect heat, high performance insulation that is design to seal a home more effectively against elements, enhanced ventilation that moves heat and cool air through the home, ceiling fans, water conservation fixtures, solar power, wind power, thermal solutions (high efficiency HVAC systems and programmable thermostats), ENERGY STAR® appliances and paint which stands up to harsh elements.

Where can we find the residential energy credits? Windows such as Low-E and Argon gas windows, high performance insulation, roof improvements, energy efficient doors, and ENERGY STAR® water heaters / AC’s / heat pumps can be applied toward the 25C credit. Be aware of the rule changes to the 25C credit which include a 10% rate and a $500 lifetime cap. Data indicates that roof improvements are the biggest claims for the 25C credit. The 25D is the more popular of the two tax codes.  The credits can be applied through the use of solar electric, solar water heating, wind turbines, geothermal heat pumps and fuel cells. Solar electrical remodeling won for the most claimed activity for the 25D credit. In 2012, the latest IRS tax data, $1.9 billion cost for solar electric and $700 million for geothermal heat pumps qualified for the 25D credit.  The total for 2012 was $3 billion in qualified installations that were connected to the 25D.

Going green has two great benefits for the consumer as a homeowner and a taxpayer, you not only save on your monthly energy bills but you can save on your taxes with these tax credits. Builders also benefit and should consider incorporating the 25C and 25D qualified green building products into new housing and remodeling projects.

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