High Performance Homes Model Grand Opening Informs Market Valuation For DOE Zero Energy Ready Homes
Chief Architect of U.S. Department of Energy Building Technologies Office Speaks to Home Buyers, Real Estate Agents and Lenders About the Future of the Housing Industry
Jun 17, 2015, 08:00 ET
GETTYSBURG, Pa., June 17, 2015 /PRNewswire/ -- High Performance Homes, LLC, a leading builder of new construction high performance homes, celebrated their model grand opening event on June 15 at the Links at Gettysburg golf course community to drive awareness for the consumer, environmental and economic benefits of the DOE Zero Energy Ready Home. Samuel Rashkin, Chief Architect for the DOE Building Technologies Office spoke to an audience of home buyers, real estate agents and lenders about the long-term value proposition homes built to the DOE Zero Energy Ready Home National Program Requirements represent. Far exceeding those rigorous requirements, the model home is in the top 1 percent of homes in the nation for quality and energy-efficiency.
The 5,500 sq. ft. single-family home employs a comprehensive package of high-performance building technologies. This includes solar shingles, a geothermal heating and cooling system, energy-efficient appliances, structurally insulated panels and advanced indoor air quality systems. A smart home technology package is also included, enabling energy monitoring and complete heating, ventilating, and air conditioning control, as well as remote control of lighting, thermostats, and security from any smart device.
Rashkin says informing consumers that these home products are available is a key to the success of the program. "To see a house that looks like any other house at a glance—there is a lot more going on behind the walls. All those improvements – health, comfort, durability, a better living experience – costs less the day they move in, where the monthly utility bill savings easily exceed the monthly mortgage increase attributed to Zero Energy Ready Home innovations."
Based on the Energy Star v3.0 Home Report the model home will realize annual savings of almost $3,900 in the first year of ownership, $50,000 after ten years, and almost $200,000 over the course of a twenty-five year mortgage. If you add the upfront incentives for investing in renewable energy, the system will save a homeowner more than $70,000 in the first ten years of ownership. Annual savings calculations include an annual electricity cost increase of 5.5 percent. The U.S. national average increase of energy cost over the last 30 years is 7.5 percent (www.eia.gov).
"Then look at the interest of the lenders. Wouldn't you want to be vested and have a loan in a home that's going to stand the test of time, [and] be ready for where the market will be a decade or more into the future? This is a big deal," Rashkin said.
About High Performance Homes (HPH)
Combining zero energy ready and smart home technologies with meticulous design and craftsmanship, HPH is meeting the growing market demand for quality constructed, ultra-energy-efficient production and custom homes. To learn more, visit www.hphpa.com.
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SOURCE High Performance Homes, LLC
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