Backgrounder

Home Energy Labelling at Time of Sale for BC Now!

Home Energy Labelling in BC will assist:
  • The Provice of BC to meet its Greenhouse Gas Emissions Reduction Targets (set out in Bill 44 - GHG Reduction Targets Act 2007)
    • At least 33% less than 2007 emissions by 2020
    • At least 80% less than 2007 emissions by 2050
  • The Province of BC and utilities to meet their energy efficiency targets and goals.
  • To sustain the residential home energy efficency assessment and renovations industry in BC. The BC energy efficiency industry does not want to see the end of the Natural Resources Canada ecoENERGY Retrofit Homes Program in March 2011 result in a significant redcution of this important industry and economic engine for British Columbia.

About Home Energy Labelling at Time of Sale
Energy labelling at time of sale is a third-party consumer labelling initiative that provides important information about a home’s energy efficiency during a sale and for the future:

  • Homes labeled through Natural Resources Canada’s EnerGuide Rating Service 
  • Trained professionals conduct science-based home energy assessments using EnerGuide Rating System. 
  • Includes: 
    • Basement-to-attic home assessment 
    • Air-leakage test (a primary cause of heat loss) 
    • Efficiency rating using established national standard 
    • Custom retrofit recommendations (insulation, draft proofing, heating systems…) 
    • Implementation of retrofit recommendations is voluntary 
    • Seller posts EnerGuide Rating on MLS®


Sellers benefit by:

  • Promoting the home’s high energy efficiency levels OR
  • Highlighting the home’s potential rating, retrofit options and retrofit grant money available.
Buyers benefit from:
  • Information on the home’s energy efficiency and operating costs
  • Customized report outlining cost effective retrofit options
  • Access to available grants for homeowners

    Consumer Benefits
    Provides Full and Frank Disclosure:
    • Homebuyers get independent, third party information about home energy costs (‘second price tag’) - similar to car and appliance labelling
    Rewards Efficiency:
    • Energy-efficient homes increase in sellablility and value
    • Homebuyers qualify for green mortgages and other incentives
    • Homeowners benefit from an average 20-30% post-retrofit savings on energy bills

      Social benefits
      • Environment: reduces carbon emissions, improves air quality
      • Energy: helps create ‘conservation culture’, reduces need for energy supply infrastructure
      • Job and business opportunities: stimulates local employment in home energy retrofit sector and increases household spending power by reducing energy bills
      • Market transformation: establishes energy efficiency in the mainstream real estate market

        Quick facts
        Not a home inspection: EnerGuide rating provides standardized energy rating and specialized energy efficiency retrofit advice.
        Not a ‘tax grab.’ Home sellers access private/non-profit energy assessment service providers - no revenues generated for government.
        Support for labelling.
        • One million homes in Canada already have an EnerGuide label.
        • Real estate boards in Victoria and Calgary are piloting inclusion of EnerGuide ratings in listings.
        • Strong support from energy experts, environmental organizations, and home energy retrofit industry across Canada.
        Way of the Future.
        • Home energy labelling is the law throughout Europe (population 500 million).
        • Over 4 million homes labeled in U.K. since 2007.
        • USA is working towards a plan for a national system in September 2010.
        A Good Investment.
        •  Labelling will cost $300-$350, a tiny fraction of the average selling price for a home in BC.
        • Cost is minor relative to potential energy bill savings.
        • Improves return for sellers who invest in energy efficiency (76% of Ontarians willing to pay more for a more environmentally friendly, energy efficient home or condo.)
        • Provides professional retrofit advice to sellers (for pre-sale upgrades) and new home owners.
        • Provides crucial information for all homebuyers to minimize future energy costs.
          Delivery Capacity. BC has sufficient home energy advisors to meet anticipated demand. Implementation could be phased to permit further expansion.


          Why now?



          Home Energy Labeling at Time of Sale is being advanced in Europe, the USA, Australia, the UK and other countries around the world. In North America, BC has an opportunity to take a leadership role and benefit from the multiple social, economic and environmental benefits of Home Energy Labelling at the Time of Sale.

          With the end of the Federal ecoENERGY incentive program in March 2011, Energy Labelling at Time of Sale needs to be implemented quickly to ensure that BC’s home energy labelling industry is maintained.  This industry is critical to meeting greenhouse gas emission reduction and energy efficiency targets and to stimulate the further development of a strong and vibrant green energy economy in the province.  


          Add your name to the list of supporters to show the Provincial Government that BC is ready for Home Energy Labelling now!


          Links: 
          Ontario Home Energy Labelling Support Blog