This past week was interesting, highlighted by a study, a survey and a political plea.
- First, an interesting survey was released this week that said that green features are finally delivering in terms of home sales by adding a $9,000 premium to the sale price. This gives consumers yet another way to recoup the up-front costs of installing a solar, wind or other renewable system. This is undoubtedly great news for green marketers. This type of data can help overcome some of the concerns about ROI, especially in a market where home values are dropping. Now we just need the home appraisers and banks to catch on.
- Second, a controversial study released from UC Berkeley that basically lables solar a waste of money from a residential perspective. It says that the cost of installing a solar system makes is too expensive when compared to its benefits. There are some things, however, that the study seems to have overlooked. Not all states allow consumers to sell energy back to the grid (net metering) or go negative on their energy bill. If that happened, it would certainly help in terms of offsetting the cost of the system. It also ignored the survey that showed the impact of green on the price of a home. For green marketers, this is not the type of study you want to see when it seems the market is taking off. The research did take a very narrow view, but we will likely see more of this and not less in 2008 and beyond.
- Finally, a plea from the governors of coal-producing states that clean coal not be forgotten as part of the renewable-energy agenda. This is critical to states like Pennsylvania, West Virginia and other large, coal-producing states. It will be interesting to see where this goes. Many have called "clean coal" a farce, based on technology that hasn't even been developed yet. There are also serious concerns about the way in which coal is harvested, including strip mining and other environmentally unfriendly means. Is clean coal real or a dream? We'll see in the years to come, but we should see a lot more noise about it given the number of state economies that depend on it.
Posted by Jason Morris on February 26, 2008 at 7:59 PM