As all home builders know, building codes are ever evolving. Many cities and states across the country are modernizing their energy building codes to drive all-electric, clean energy building practices, a trend often referred to as electrification.
Smart, all-electric homes that come standard with solar panels, battery backup and EV charging are increasing in popularity in places like California, Colorado, New York – and elsewhere. According to reports, the zero-energy buildings market is expected to grow by more than $91 billion from 2020 to 2025 at a CAGR of 26.41%.
Spurred by building code updates, consumer demand, more affordable solar technology and climate concerns, energy efficiency is a building trend that’s here to stay. There are several benefits for builders that standardize on all-electric, smart home amenities like solar.
- A growing number of states offer appealing financial subsidies and incentives to builders. For example, Colorado’s Energy Star New Homes program provides up to $9,500 per dwelling.
- Green building practices can also help fulfill builder ESG goals, which many investors increasingly expect from their business partners.
- Energy efficient homes also provide great marketing opportunities. According to the National Association of Realtors 2020 Realtors & Sustainability Report, 68% of buyers want an environmentally friendly home.
With solar energy uniquely positioned to meet new building codes, fulfill ESG goals and satisfy growing homeowner demand for clean energy, there’s never been a better time for builders to integrate solar energy into their plans. In fact, many industry-leading builders are getting ahead of the curve by standardizing on smart-home amenities like solar, storage and EV charging now.