Home Energy Labels Will Burden a Fragile Real Estate Market

by Free Speech on May 18, 2009

Lodi, WI~

Lodi Valley News serving Lodi, WI & the Lake Wisconsin area with local information since Earth Day 2008.

Lodi, WI-5/18/09

Letter to the Editor by Anna Morgan

Oppose Waxman-Markey “American Clean Energy and Security Act” that encourages home energy label disclosures in real estate transactions.

Frustrated with how the sluggish market is affecting the sale of your home? Now imagine your Realtor explaining to you why your home got an F grade on Energy Conservation and you have to reduce your selling price to keep your buyers at the closing table. That’s what could happen if the House Energy Committee passes the Waxman-Markey “American Clean Energy and Security Act” that creates new State-mandated Energy Star labels for homes and buildings.

Tell Congress that you support a strong housing market and energy efficiency. Tell them tax credits, financial incentives, and educating consumers are the best ways to achieve the benefits of energy efficiency while growing the housing market. It’s a win-win for everyone. Mandates and labels will slow our economic recovery, and hurt energy efficiency.

Please contact your House Energy Committee member today to oppose home energy star labels in market transactions. I urge you to oppose Section 204 of the Waxman-Markey “American Clean Energy and Security Act” Climate Bill that encourages States to require Energy Star labels on homes, multi-family and commercial properties during market transactions in most States.

As a Realtor, I appreciate the value of information in helping consumers to make the most informed property buying and rental decisions. I recognize the importance of conserving energy, but labeling every home and building in America will not save energy.

Labels will stigmatize older homes, forcing sellers to slash prices to compete in a buyer’s market and further reduce property values at a time when so many owners have seen their equity as well as retirement savings vanish. This needs to stop.

If the objective is energy efficient homes and buildings, the better approach would be to create incentives that provide property owners with the resources necessary to make needed energy improvements that save them money and achieve the energy savings desired in the near term.

H.R. 1778 by Rep. Welch (D-VT), a stand-alone measure, would do just that for those who buy an already built home & recycle instead of only building new. Taking already owned inventory off of the market will help to increase the value of all homes for sale.

Please oppose the provisions of the Waxman-Markey climate bill that encourage states to mandate Energy Star labels in real estate transactions and instead, support legislation that creates financial incentives that actually result in energy conservation and efficiency in our nation’s homes and buildings.

Find your Representatives by calling 1-800-FED-INFO (1-800-333-4636) or emailing at: http://www.usa.gov/Contact/Elected.shtml. The date this issue will be decided: Friday 29 May 2009 so act now!

{ 1 comment… read it below or add one }

1 bilbo May 19, 2009 at 7:48 AM

If you are a buyer you want to know how efficient a prospective purchase rates… there are already a lot of incentives and resources to make a home more efficient. I would support “labeling”, which is really rating, a home just as appliances have efficiency ratings.

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