Home Energy Score
What is the Home Energy Score?
The Home Energy Score is a home energy rating developed by the U.S. Department of Energy. It rates a home's estimated energy use on a scale of 1-10, where a score of 1 represents a home with high energy use, a score of 5 represents a home with average energy use, and a score of 10 represents a home with low energy use. The score is similar to the miles-per-gallon rating on a car. This allows homeowners to compare their home's efficiency (and estimated utility bill costs) to a similar home. The score also provides cost-effective recommendations for improving the home's efficiency.
Why is the Colorado Energy Office (CEO) promoting the Home Energy Score?
Energy efficiency and renewable energy improvements can lower a home's energy use and costs and make it healthier and more comfortable for those who live there. However, the financial impact and return on investment that these upgrades have on a home's overall value can be ambiguous. Several studies, including one published by EarthAdvantage in 2015, "The Market Valuation of Energy Efficient and Green Certified Northwest Homes," have shown that homes with green certifications sell faster and for a premium, compared to similar homes. However, more data on homes with green features and certifications, and their sales prices, need to be collected and analyzed across the country. For this reason, CEO became a Home Energy Score partner in 2015 to join a growing network of organizations across the United States that are promoting home energy labeling and the creation of home energy performance data. The Home Energy Score will arm consumers and the market with credible information that can be used to compare the energy efficiency of similar homes to make informed decisions about energy investments and to more accurately assess home values.