From CNBC: 2024-09-24 10:08:01

Real estate plays a crucial role in the US’ climate goals, with buildings contributing 31% of the nation’s greenhouse gas emissions. The Biden administration has introduced policies like the Inflation Reduction Act to cut emissions, offering incentives for homeowners to make their homes more energy-efficient.

Morgan Wojciechowski, President of Healthy Communities, recently achieved a federal “zero emissions” label for her 5,800 square foot home in Williamsburg, Virginia. Thanks to solar panels and energy-efficient construction, the home is projected to save $7,226 annually on utility bills, offsetting the $1.1 million cost to build.

Wojciechowski stresses the importance of energy-efficient upgrades for homes considering solar panels. Starting with windows, doors, insulation, and mechanical systems can lead to cost savings and sustainability. Consumers can also purchase renewable energy from their utility companies and take advantage of tax incentives for efficient upgrades.

For renters, conserving energy by turning off lights and being mindful of energy use is crucial. While options may be limited, influencing landlords towards energy-efficient improvements or making small changes in daily habits can still contribute to sustainability efforts.

Read more: Take a look inside a $1.1 million ‘zero emissions’ home