A manuscript was recently released by Center for Neighborhood Technology (CNT) and the National Home Performance Council (NHPC), Unlocking the Value of an Energy Efficient Home – A Blueprint to Make Energy Efficiency Improvements Visible in the Real Estate Market. This “Blueprint” document demonstrates different means to affirm energy efficiency improvements have been made to existing homes. Will Baker and Steve Kismohr contributed content, as well as peer reviewed the document prior to publishing.
Within the paper, a step-by-step methodology is used to explain the necessary documentation and verification requirements, as well as the benefits of a standardized methodology for confirming energy efficiency improvements. If documentation, such as an Illinois Home Performance Certificate, is included when marketing a home or during the real estate transaction, it lends a clear indication to Appraisers, Realtors®, buyers, and sellers what work was completed. The process allows for greater transparency in the real estate transaction and brings added value to homes – allowing homeowners a method to recoup their upgrade investment at the time of sale.
A webinar introducing the document will be presented on Wednesday, October 2 at 11am CDT. The event is produced by CNT Energy, NHPC, and the Appraisal Institute and will discuss the 7 steps the energy efficiency industry should take to unlock the value of efficiency in the real estate market. Register here: https://www3.gotomeeting.com/register/369773318
As a means to further expand these ideas into the Illinois marketplace, MEEA has recently released a Request for Proposal to create an Energy Efficiency Continuing Education Series focused on educating Realtors®, Managing Brokers, and Appraisers. The RFP seeks proposals from continuing education providers currently licensed by the Illinois Department of Financial & Professional Regulation, IDFPR, for a series of classes to be held in 2013-14. Course topics are to include the basics of energy efficiency, understanding home performance metrics, and the process of third-party verification specific to Illinois. Like the content in Unlocking the Value of an Energy Efficient Home, with such knowledge, real estate professionals can assist homeowners capture the monetary value of investments made during home energy upgrades.
Selected applications will receive funding that can be used as an instant tuition discount for students – helping drive demand for students to take the selected courses. All information, including the RFP and submittal information, can be found at www.illinoishomeperformance.org/realestate. Applications are due via e-mail by 5 PM CST on Wednesday, October 16th.
For more information on the Illinois Home Performance Program or on this RFP, please contact Ms. Kelsey Horton at (866) 395-1032 ext. 1 or at email@example.com.