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Green is NOT the Future, Green is NOW!

The Recovery and Reinvestment Act of 2009 has allocated $80 billion for projects relating to energy and the environment.  Some of these stimulus dollars are available to property owners in the form of federal, state and local tax incentives that actually pay for these energy retrofits.

Market Demand

According to the 2007 National Association of Realtors Profile of Buyers, 89% of home-buyers considered heating and cooling important and 73% considered energy-efficient appliances important.  “Green” is not limited to buyers.  A 2009 survey by Apartments.com revealed that 25% of renters would pay higher rent for green living and more than 60% searched for communities with environmentally-friendly amenities.

Eco-nomics

Markets such as Seattle, Portland and Atlanta have demonstrated that energy efficient homes sell for higher prices and faster than conventional homes. As of 2009, we had 130 million existing homes in the United States and many are in foreclosure or being sold in a short sale transaction.  With the stimulus dollars available to property owners, this is the perfect time to turn these toxic assets green and use federal, state and local incentives to pay for them.

Our multi-family clients can also reduce operating costs, increase rents and take advantage of stimulus dollars.