Beginning January 1st, 2018, the City of Portland will be introducing a new policy which exposes homeowners, sellers, and buyers to a Home's Energy Score. This Energy Score will help homeowners make more informed decisions when improving their home's energy efficiency, without immediately going for the "bottom of the barrel" option.
According to the Energy Trust of Oregon, these Home Energy Scores will convey information about energy use and associated costs. So, when homeowners begin selling their home next year, they must:
- Obtain a Home Energy Performance Report (that will include an energy score)
- Disclose the information from the report to the City of Portland at the time of sale, or before the home is listed on the market.
So, say you decide to sell your home tomorrow, but you need to replace the aging furnace prior to putting your home on the market. What do you do? I bet you'll be less focused on the price of the furnace, and more focused on how much a buyer would be willing to pay for your home.