Green Home Technology Draws New Buyers

Green Home Technology Draws New Buyers

Range Govindan
Jun 30, 2010

As the housing market slowly recovers from the economic crisis, new buyers are drawn to green technology, which in essence, will allow them to save money in the long term by reducing utility costs.

Green home tech has finally started to be readily available and new home buyers are asking for them. These features draw many eco-conscious buyers. This means that builders are starting to readily offer green technology, in the form of solar-powered homes, technological heat exchangers and water heaters, to prospective home buyers.

All this tech is controlled by the home owners, which is another reason why buyers really want these. Home owners are able to track the electric production of their homes thanks to these dashboards. Pulte Homes from Michigan has reported that consumer interest for solar technology is fueled by rebates and tax incentives that are being offered. This includes a 30% federal tax credit for energy efficiency and other tax breaks at the state level. Even though these homes tend to cost up to $25,000 more, many buyers are asking for them. For this reason, Pulte is expanding its offering of solar energy.

Typically, the average homeowner can save between $35-$60 per month. Apparently, the target demographic for these homes is Gen X, ages 29 to 45. Beazer Homes in Georgia is also introduction solar-powered smart homes to track energy usage and energy savings.

While solar panels are the most apparent energy savers (heck, you can even make your own), it's good to know that if you combine solar panels with programmable thermostats, as well as energy monitoring, smart power strips, and a hi-tech heat exchanger/heat pump, you can save quite a bit on your monthly power bill. Especially if you couple this with energy-efficient appliances.

[via Constructech]

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