Conservation Characteristics among Determinants of Residential Property Value
- 1 June 1984
- journal article
- Published by Oxford University Press (OUP) in Journal of Consumer Research
- Vol. 11 (1) , 564-571
- https://doi.org/10.1086/208992
Abstract
Two hedonic regression models were used to decompose housing prices into the implicit prices of the components of housing, including features affecting energy use and actual energy use. Analysis showed that insulation and wood window frames were capitalized into sale price, but the value of storm windows was not. Results indicated substantial payback to energy-conserving investments.Keywords
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