Government Incentives Boost Green Real Estate in Ontario
At a recent seminar I attended about Green Real Estate, I heard about the challenges some home-sellers faced when they tried to sell energy efficient features of their home. These sellers received zero dollar value for a $35,000.00 solar energy system on the resale of their homes! The buyers were interested in the energy saving features, but not willing to put a dollar value towards the improvements.
The Ontario government is leading the way to energy reform by tabling a new Bill 101 – Home Energy Audit Act 2008, an act respecting energy rating for specified residential buildings. This Energy Rating Act, if passed by Ontario Government, will require anyone selling a house or low-rise building to disclose the results of a home-energy audit to prospective buyers. New homes will also come with energy ratings.
read moreGreen Real Estate is the Way to Go
Green real estate is when homes are built upon the basis of maximizing the natural resources to provide energy. A good example is a home that is built near a forest. There may be no power line or electrical energy to provide electricity but they will use solar panels to store solar energy and that will be converted to electrical energy which will be used in that home.
When looking for a location to put your green real estate you should consider the natural resources that are supposed to support that home. It is also important that the way the natural resources are used do not cause depletion. This is because if there is depletion there would be no energy available.
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