We are all living in paradise in Hawaii, enjoying the sunshine almost everyday. How unique the islands are when it comes to energy.
MoreÂ Hawaii home owners should considerÂ going green. We can see a lot of home owners are seriously considering green construction and adding new energy-efficient upgrades, and determining that the cost is worth it.
Hawaii Kai home (MLS# 1105900) with solar heater, available for sale at $1,795,000
Yes, the cost of going green is still an issue for homeowners, practitioners sayâ€”especially because the upgrades that can cut utility bills by the greatest amount are also the priciest. A solar water heating system can cost between $1,500 to $3,500 and solar panels can cost $15,000, but when used together, they can drop electricity bills to practically nil.
That’s one reason the price hurdle is getting easier to overcome. With consumer education, more homeowners understand the benefit. A recent study byÂ Lawrence Berkeley National Laboratory shows that home owners whoÂ install solar panels on their home likely will recoup that investment, and maybe even more, at resale.
Federal and state tax credits are also helping sway theÂ homeowner mind-set, and energy-efficient mortgages are another option to help home owners pay for costly “green” upgrades.
As real estate sales’ agents, we should educate ourselves and our clientsÂ more about going green to save energy, save the house cost, and improve the house value when it goes for sale.