Costs and Benefits Affordable o Comparable Costs to Conventional Homes o A 2008 study conducted by McGraw-Hill Construction and the U.S. Green Building Council found that the mean price of green homes purchased by survey respondents was $296,000; the median was $239,000. Green homes can be built for the same and even less than conventional homes. Sometimes there are upfront costs which on average are 2.4%, and can be quickly recouped with the homeowners saving money for the rest of the home’s lifespan. Lower Utility Bills o Green homes have lower utility costs. The typical household spends $1,900 a year on energy bills.By choosing ENERGY STAR-rated products, consumers can cut this by 30%, saving about $600 each year on energy bills 1 . D D Higher Resale Value o It’s predicted that green homes will be on the market for less time and possibly have a higher resale value than comparable conventional homes 2 . D D Green Residential Construction o McGraw Hill Construction estimates that the green market was 2% of residential starts in 2005; 6-10% in 2008; and will be 12-20% by 2013 3 . D D Energy Consumption Households use about one-fifth of the total energy consumed in the United States each year; the residential sector is responsible for 21% of the nation’s carbon dioxide emissions 4 . Since 1985, Residential energy consumption, measured as total energy (i.e., including electricity losses), increased overall by about 34 percent 5 . To date, nearly 840,000 ENERGY STAR-qualified homes constructed save consumers an estimated $200 million annually in utility bills 6 . Based on their Home Energy Rating System (HERS) scores, the average home certified under LEED for Homes since its launch in February 2008 is predicted to use an estimated 30-60% less energy than a comparable home built to International Energy Conservation Code. Based on the average HERS ratings for each level of LEED certification, these homes could potentially see energy reductions of: o Certified: Up to 30%. o Silver: Approximately 30%. o Gold: Approximately 48%. o Platinum: 50-60%. D D D D D D Water Consumption Total U.S. residential energy consumption is projected to increase 17 percent from 1995 - 2015 7 . Residential total water use: 28.03 billion gallons per day OR 6.9% of U.S. total water use 8 . Waste D D D D Total estimated C&D generation amount for residential construction in 2003: 10 million tons Average residential C&D debris generation rate in 2003: 4.39 pounds per square foot 9 . D D LEED for Homes Rating System To date, 10,161 homes have received LEED for Homes certification, and 48,391 are registered for certification. 38 LEED for Homes Providers administer the LEED for Homes program at the local level. *Numbers as of March 2011 1 ] U.S. Environmental Protection Agency ENERGY STAR (2007). Residential Home Improvement: An Overview of Energy Use and Energy Efficiency Opportunities (August 2007). http://www.energystar.gov/ia/business/challenge/learn_more/ResidentialHomeImprovement.pdf 2 McGraw-Hill SmartMarket Report (2007). Attitudes & Preferences for Remodeling and Buying Green Homes. 3 McGraw-Hill Construction (2009). 2009 Green Outlook: Trends Driving Change Report. 4 U.S. Department of Energy’s Energy Information Administration. 5 Energy Efficiency Trends in Residential and Commercial Buildings. October 2008. U.S. Department of Energy. http://apps1.eere.energy.gov/buildings/publications/pdfs/corporate/bt_stateindustry.pdf 6 EPA. ENERGY STAR™ Overview of 2007 Achievements, http://www.epa.gov/appdstar/pdf/2007overview.pdf 7 U.S. Department of Energy’s Energy Information Administration 8 U.S. Geological Survey (2000). Estimated Use of Water in the United States. 9 U.S. Environmental Protection Agency (2009). Estimating 2009 Building-Related Construction and Demolition Materials Amounts.
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