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KA-CHING: New Thoughts on the Value of Green

Harpoon House, a simple efficient home in Portland that’s expected to achieve LEED Platinum certification.  The 28-foot tall home has one bedroom, one bathroom, a root cellar, and a roof garden. From www.idwellingdeisgn.com.
Harpoon House, a simple efficient home in Portland that’s expected to achieve LEED Platinum certification. The 28-foot tall home has one bedroom, one bathroom, a root cellar, and a roof garden. From www.idwellingdeisgn.com.

PORTLAND–A recent study by Portland-based Earth Advantage Institute reveals that Energy Star and LEED certification for new and existing homes not only saves money but might also raise resale value. The study, conducted over four years in the six-county Portland metropolitan area, found that newly constructed homes with third-party certifications for sustainability and energy efficiency sold for 8% more on average than non-certified homes, and existing homes with certifications sold for 30% more. A similar study was also conducted Seattle, showing 9.6% price premium with certification. While the results are inconclusive, they are compelling. From the Washington Post Writers Group VIA Los Angeles Times: http://articles.latimes.com/2011/aug/28/business/la-fi-harney-20110828

Cite:Samuel Jacobson. "KA-CHING: New Thoughts on the Value of Green" 19 Sep 2011. ArchDaily. Accessed . <http://www.archdaily.com/170189/ka-ching-new-thoughts-on-the-value-of-green/>