[20] Efficiency is a moving target

Europe has made an impressive step forward in energy efficiency over the past years, mainly thanks to policy and regulation. The implementation of #Ecodesign and Energy Labelling Directives is estimated to save 175 Mtoe primary energy per year by 2020, which corresponds to 19% savings with respect to business-as-usual energy use for those products. Thanks to this, for example on motor efficiency, the EU is now a global front-runner, whereas ten years ago it was still lagging behind the US. But at the same time, the aim should be to realize all energy efficiency measures that are cost-effective from a lifecycle point of view. To achieve this goal, a lot of work still remains to be done.

[10] The impact of energy efficiency on home value

When buying a home, it is good practice to check its utility bills and energy label. In 2010, energy performance of a home was however not yet a strong determinant of price except possibly in some extreme cases.

This made sense since a typical purchase price of a home today may be 250 times its annual energy bill. That’s why our mortgage payments are so much higher than our utility bills.

This situation changed over the past years [63]. Nowadays, few buyers will omit to ask for past utility bills, and a poor energy performance will reflect badly on the value of a property.