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Rental Listings with Energy Scores Prompt Greener Choices
Should cities require landlords to disclose the energy efficiency of properties in the rental listings? Renters want to save money on their utility bill but have been met with the age old conundrum…the split incentive problem. Who should reap the benefits, the renter or the property owner? A recent study by researchers at the American Council for an Energy-Efficient Economy (ACEEE) found that if given the chance, renters would choose energy-efficient rentals 21 percent more frequently. Could these results influence policy and therefore encourage property owners to invest in energy efficiency?
Rental Listings with Energy Scores Prompt Greener Choices
Research showed when energy labels were present, people selected the most efficient listings 21 percent more often.
Source: www.wealthmanagement.com
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