When Cathryn and Paul Crane went shopping for a new home in Boulder, what they kept thinking about was their log cabin in the mountains.
“We spent a winter there and were impressed with how energy- efficient it was,” Cathryn Crane said. “Of course, there aren’t log cabins in Boulder.”
The Cranes settled for a new house in the Northfield Village development in north Boulder with high-performance insulation and windows, zoned heating and programmable thermostats.
“Did we pay a premium for that?” she said. “Yes, I think we did, though I couldn’t tell you what it was.”
That is a big question for sellers and buyers in the housing market: What are energy-efficiency improvements worth on the price of a home?
The Colorado real-estate industry and the state energy office have embarked on a project to determine the market value of a range of energy-efficiency improvements such as solar hot-water systems or high-performance furnaces. MORE …