- ENERGY STAR Homes were found to have a statistically significant market advantage compared to similar code-built homes. - ENERGY STAR homes sold for significantly higher sales prices, sold for significant higher price per square foot, and sold in significantly fewer days. - ENERGY STAR Homes sold for a greater proportion of their list price. (This result was not found to be statistically significant.)This 52-page study, titled Market Impacts of ENERGY STAR® Qualification for New Homes (by William Pflegar, Chuck Perry, Nicholas Hurst and Jeff Tiller), was conducted to demonstrate the benefits of home certifications, and to provide new information on the impact that an ENERGY STAR® qualification can add to the value of a home beyond just that of monthly energy savings. The study proposed 4 specific questions designed to elicit whether ENERGY STAR Homes have a market advantage:
1. Do ENERGY STAR qualified homes sell for higher prices compared to similar code built homes? 2. Do ENERGY STAR qualified homes sell for a greater percentage of their list price compared to similar code-built homes? 3. Do ENERGY STAR qualified homes sell for a higher price per square foot compared to similar code-built homes? 4. Do ENERGY STAR qualified homes sell faster (fewer days on the market) compared to similar code built homes?So what does this mean for the home buyer? The results indicated by this study suggest that ENERGY STAR Homes have a competitive market advantage compared to similar code-built homes. This multidimensional advantage is substantial enough to suggest to home buyers that the investment in ENERGY STAR certified homes is more than worthwhile.