Green Renovations to Gain Market Share
Green market research firm SBI Energy forecasts that in the next five years, the market for energy-efficient home renovation products will grow 15 percent, 50 percent faster than the renovations market as a whole.
According to the report, the energy-efficient market will reach $35 billion and claim 15 percent of all home renovation dollars spent.
“The growth will come as a result of the tax credits, new incentives, and the reality that more agencies and utilities are promoting the fact that adding improved energy efficiency is the most cost-effective way to decrease home utility bills,” says Norman Deschamps, author and SBI Energy analyst.
Source: SBI Reports (11/19/22009)
Vaulted ceiling with 1-1/2 inch polystyrene vent system and 9 inches of Icynene Foam Insulation R40, 98% thermal performance, and complete air seal.
eco-modpod says:
What does this mean?
1) As eco green product demands increase the selection and availability will increase.
2) As more eco green home renovation products hit the market and are used, the prices for these products will decline
3) Buyers will favor homes with greater energy efficiency, knowing it will save them money and increase their comfort.
4) Consider eco green renovation / remodeling products and features such as:
- R40+ insulation
- Low-e glass
- Triple pane windows
- Low flow and dual flush toilets
- Low energy appliances, at least energy star rated
* Refrigerator, dishwasher, washer/dryer
- Newer furnace… 90% efficient compared with older models that can be 60% or less efficient
- Tankless water heater
- Solar panels for electricity (connect to grid)
- Hot water solar (not connected to grid but no rebates offered)
- Light colored roofs, where sun and hot temperatures dominate
- Evaporative coolers, instead of AC, in dry climates
- CFL and LED lighting
