Study Finds Green Homes Sell $34,800 Higher in California
Support CleanTechnica's work through a Substack subscription, on Patreon, or on Stripe. Help us produce all of the high-quality, original content we publish week after week despite the challenges of content-scraping AI, antisocial media, inflation, and other hurdles.
If sustainability and environmental responsibility weren’t enough persuasion, then cold hard cash in the form of home resale value may get homeowners to invest in green improvements. A new study finds California homes with green labels sell for $34,800, or nine percent, more than comparable homes without green certifications.
Researchers from UC-Berkley and UCLA examined the data on 1.6 million single family homes sold over the last five years in California.
Interesting points to the study include that residents with green label homes in hotter climates sell at higher prices, which may be indicative of the value of cheaper home cooling systems.
Source: Business Wire
Sign up for CleanTechnica's Weekly Substack for Zach and Scott's in-depth analyses and high level summaries, sign up for our daily newsletter, and follow us on Google News!
Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Sign up for our daily newsletter for 15 new cleantech stories a day. Or sign up for our weekly one on top stories of the week if daily is too frequent.
CleanTechnica uses affiliate links. See our policy here.
CleanTechnica's Comment Policy
