Evidence of rational market valuations for home energy efficiency

摘要: According to this study, residential real estate markets assign energy-efficient homes an incremental value that reflects the discounted of annual fuel savings. The capitalization rate used by homeowners was expected be 4%-10%, reflecting range after-tax mortgage interest rates during 1990s and resulting in home $10 around $25 for every $1 reduction bills. Regression analysis American Housing Survey data confirms hypothesis national metropolitan area samples, attached detached housing, housing subsamples using a specific type as main heating fuel.