The New York State Senate unanimously passed S5013, a bill that will allow municipalities to offer owners of green homes up to a 35 percent reduction in property taxes for 20 years. The measure, led by State Sen. Rob Ortt, claims that payback could be as low as one to seven years, based on decreased expenses.

S5013 criteria are based on meeting the National Association of Home Builders’ (NAHB) green building requirements or Leadership in Energy and Environmental Design (LEED). This is very good news for our industry because NAHB and LEED place such high importance on high-performance windows. Of course, offering LEED as one option for the criteria is troubling, as I have written in previous blogs. My feeling is that NAHB is a good, cost-effective alternative. But, I’ll leave it at that.

Overall, it’s encouraging to see more emphasis on the value of energy-efficient improvements and builders becoming more interested in energy-efficient solutions. Very promising.

The View from Here is that this is a great sign of what’s to come in terms of state-level incentives. We are likely to see more like this across the country, especially considering that according to the NAHB, U.S. homebuyers are willing to pay between 11 percent and 25 percent more for green homes.

Watch for more states to follow suit and open up new opportunities in your area.

What’s your View? Email me directly at eric.jackson@quanex.com or post a comment here

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