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Across the nation, more and more cities are going “green” by constructing eco-friendly developments that are conducive to a variety of lifestyles while implementing measures that benefit the environment. This month Denver proved to be one of the leaders in this trend when the U.S. Environmental Protection Agency awarded Denver-based developer Forest City Enterprises with the Environmental Achievement Award for vision, superior leadership and skill in redeveloping the former Stapleton International Airport site in Denver into an environmentally friendly, mixed-use development.

 

One of the reasons that Stapleton stands out is that since 2006, all of the builders at Stapleton have been part of the Energy Star program. Residences that earn the ENERGY STAR label must meet strict energy efficiency guidelines set by the U.S. Environmental Protection Agency and are at least 15% more energy efficient than most homes.

 

If you’re considering purchasing a new home, determine if the home is Energy-Star qualified. Not only will you take great pride knowing that you are helping to decrease the country’s usage of energy. Additionally, you’ll benefit from lower energy bills compared to homes that do not utilize Energy Star-qualified materials.

 

If you’re not ready to relocate, you can make strides towards making the home you currently reside in more energy efficient. Improvements such as installing windows, air conditioners, insulation and air sealing products that are Energy-Star approved will help you save money on your energy bills and you’ll also earn a tax credit.

 

The Energy Policy Act of 2005 allows for a tax credit of up to 10 percent of the cost of materials for certain home improvements, such as installing Energy Star-qualified products. The law, which offers a tax credit of up to $500 per household, was created in response to record high energy prices. According to the U.S. Energy Information Administration’s recently released Annual Energy Outlook 2007, energy prices are expected to increase steadily through 2030. The tax credit was available for the 2006 tax season, and homeowners can still take advantage of the credit with purchases made through December 31, 2007.

 

And if lower bills and tax credits are enough of an incentive, when you’re ready to sell your home, you can lure potential buyers with a more energy efficient investment. So you see, going “green” is a win-win for everyone.

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