REALTOR® Magazine-Daily News-Green Renovations to Gain Market Share

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Daily Real Estate News | November 20, 2009 | Green Renovations to Gain Market Share
Green market research firm SBI Energy forecasts that in the next five years, the market for energy-efficient home renovation products will grow 15 percent, 50 percent faster than the renovations market as a whole.

According to the report, the energy-efficient market will reach $35 billion and claim 15 percent of all home renovation dollars spent.

"The growth will come as a result of the tax credits, new incentives, and the reality that more agencies and utilities are promoting the fact that adding improved energy efficiency is the most cost-effective way to decrease home utility bills," says Norman Deschamps, author and SBI Energy analyst.

Source: SBI Reports (11/19/22009)