Posted By slenzen on 07/16/2009 10:53 AM
It either has to make sense financially for people to be adopted widely, or our glorious government in all their wisdom will force it upon us via higher energy taxes, anti energy growth policy(no drilling, no nukes etc..) or just plain mandatory energy efficiency laws. I'll choose the former.
With the housing boom slowed to a crawl, people may actually stay in their homes longer here in the US, which would help make energy efficient investment more feasible by being in the home long enough to realize a payback. As stated earlier, why put money into energy efficiency if you a) aren't in the home long enough for payback or b) don't get paid for the upgrade at time of sale by increased equity?
I won't be holding my breath about the market alone being able to solve this without evil gum'mint intervention on some level. Even with subsidies it's hard to motivate homeowners to invest in stuff that's NPV+ in six months, let alone six years. As long as the utility bills are affordable, it pretty much stays off the home-finances radar screen. All sorts of things that make financial sense still don't get done.
It's demonstrably ineffective when it's all carrot- there has to be some stick. There's a long history of increasing mandated line-items for all sorts of things in building codes, I don't see how mandating energy efficiency minimums at point of sale is any more abominable than requiring septic systems to meet upgraded standards rather than being grandfathered in forever.