Savenia Now Montgomery County Green Certified

Today is Earth Day, and we’re happy to report that Savenia was certified by the Montgomery County Maryland Green Business Certification Program. You can see a full report of our environmental activities and other certifications here.

1429565989029The certification program highlights local companies that have met rigorous 3rd party standards in order to spur business innovation, environmental stewardship and adoption of sustainable best practices throughout the County.

This certification comes on the heels of Savenia being named to the ‘2015 Best For Environment’ list by B Lab.

We’re delighted to do our part to make Montgomery County, Maryland a better place to work and live!

 

Savenia Wins ‘Best For Environment’ From B Lab

2015-BFTW-Environment-LGToday we are delighted to announce that Savenia Labs was recognized for creating the most positive overall environmental impact by the nonprofit B Lab with the release of the fourth annual ‘B Corp Best for the Environment’ list.

The list honors businesses that earned an environmental score in the top 10% of more than 1,200 Certified B Corporations worldwide from over 120 industries on the B Impact Assessment, a rigorous and comprehensive assessment of a company’s impact on its workers, community, and the environment.

You can see the full release here.

Additional 2015 Best For the Environment Honorees include well-known cleaning product brands Method Products and Seventh Generation, Brazilian personal care company and the largest Certified B Corporation Natura, and North Carolina based WasteZero, helping more than 800 towns and cities around the country reduce the amount of municipal waste that is landfilled and burned.

“Since 2011 Savenia has been a proud member of the Certified Benefit Corporation movement to help re-define the role of business as a force for good”, said John Jabara, Founder of Savenia.

Thanks everyone for your continued support!

Savenia Introduces a Powerful Weapon To Fight The California Water Crisis

This letter was sent to Governor Jerry Brown of California on April 3rd 2015.
Dear Governor Brown,

Screen Shot 2015-04-03 at 1.17.53 PMWith the escalating long-term water crisis in California – we have a simple solution that can make a big impact. Savenia Hydro Rating Labels on retail shelves and online can show Californians for the first time how much water washing machines and dishwashers use BEFORE they buy. The Savenia rating system has been available for years and used by millions of consumers across several mid-atlantic states, and can easily move to California. The system can also be applied to other appliance categories like air conditioners that have California specific usage and energy characteristics.

The impact. The average Californian uses 178 gallons of water per day, and a load of wash with an inefficient washing machine can use 40 gallons (22%). This can be cut by 63% to 15 gallons with water efficient units. With an average CA family of 3 washing several loads per day, these savings add up quite quickly. Saving water also saves money. Contrary to popular belief, water costs (not energy costs) drive up to 60% of total operating costs of a California washing machine.
Current Energy Guide and Energy Star labels omit water use. Energy Star certified products have a range of water usage which shoppers cannot easily see.
Savenia makes water usage transparent at the point of sale, resulting in better decisions for shoppers and the environment. At a time like this, Californians can ill afford to continue shopping in the dark.
Please let us know how we can be of assistance to the State of California.

Savenia Finds Increased Home Value in Solar Leases

Screen Shot 2014-05-21 at 3.01.33 PMRecently an increasing number of articles published in national outlets like the Washington Post, Los Angeles Times, NPR and others are warning consumers about the difficulties in selling a home with a leased solar system.

These articles often present an unbalanced view by focusing on rare horror stories, an approach that could easily lead to fewer homeowners choosing to go solar and to the creation of problems in the re-sale market.

As an independent 3rd party with direct experience evaluating solar systems for home sellers in many states, Savenia believes solar leasing can be a valuable option, and calls for a more balanced discussion on the merits of each purchasing method and the implications for home buyers.

Solar leases are a key driver behind US solar growth, and thousands of homes with leased systems have already been sold. Large studies show that homes with owned solar systems sell for a price premium, and our ratings have shown additional value for buyers of solar homes with pre-paid leases or contracts that lock in low energy prices relative to the market, in addition to the environmental benefits.

Solar home sellers need to explain the benefits of their systems to prospective buyers, and firms like ours now provide marketing services to make this process easier.

There are many variations of solar financial contract arrangements in the market and a changing regulatory environment, underscoring the need for scrutiny by both sellers and buyers prior to sale.

Savenia helps homeowners, Realtors, builders and renovators unlock the value of home efficiency upgrades. Solar, High Efficiency Appliances, HVAC, Lighting, Water Heating and more.

Savenia provides home sellers with customized Home Rating Labels, marketing materials and online marketing to differentiate, sell faster, and capture the full value of homes for sale. www.saveniahome.com

Savenia Wins DOE ‘SunShot’ Catalyst Competition

Today we are happy to report that Savenia Labs has won the US Department of Energy’s ‘SunShot’ Catalyst Competition for Business Innovation, a prize that acknowledges the most cutting-edge ideas to transform the US solar marketplace. The full press release is here.

hp_sunshot_logoOur winning application highlighted Savenia Solar Ratings, a rating label like CarFax but for solar homes. Savenia Solar Ratings help home sellers and buyers more easily understand and unlock the monetary value in solar systems with innovative rating labels and marketing materials.

Savenia will receive $25,000 worth of support from a DOE-provided software developer to enable further development of Savenia Solar Ratings.

“We want to thank all of our supporters that provided early proof of concept for Savenia Solar Ratings,” said John Jabara, Founder of Savenia Labs.

“This award is a big vote of confidence for Savenia’s ratings platform, and builds further on their success after rating homes in 6 states,” said Veronique Marier, Executive Director at Bethesda Green, a Mid-Atlantic regional hub for sustainability and new business innovation.

Savenia Solar Ratings were launched in 2014 to help solar homeowners put a value on solar systems when selling. Savenia Solar Ratings are part of a platform of Savenia Home Ratings that help unlock the value of various home efficiency upgrades, so sellers can differentiate, sell faster and capture more value. Savenia has rated homes in 6 states, including the solar system on The White House.

Savenia Launches Revolutionary Home ‘Shell’ Ratings

Today we are delighted to announce the launch of our long awaited Home Shell Ratings, an innovative home rating system to capture the dollar savings to home buyers of enhanced insulation, efficient windows, air sealing and other factors making up the building envelope. The Savenia ‘Shell’ Rating is our 6th product category (Appliances, Lighting, Water Heaters, HVAC, Solar, Shell) in an effort to unlock the value of efficiency upgrades in residential homes. See the full release here.

SaveniaHome.com

We’ve teamed up with Sandy Spring Builders, one of the leading high-end custom home builders and remodelers in the DC metro area to expand Savenia ratings to their new homes. Savenia has already awarded the Shell, Appliance, Water Heater, and Lighting plans in the Sandy Spring Savvy ‘SL’ line with a Gold Rating, signifying they are amongst the most energy efficient in the country.

Millions of Americans have upgraded their insulation as part of government or utility incentive programs, while new home builders are starting to pay more attention to the building envelope. These shell improvements have value – they can save thousands per year in utilities and can cost thousands more than the average home to install.

Studies show buyers are willing to pay a premium price (+9%) for efficiency rated homes that save on utility bills. With the launch of Savenia Shell Ratings, we can now help sellers, builders, Realtors and renovators unlock the value of these features with Savenia Home Rating Labels and marketing materials to help them differentiate, sell faster and capture more value.

It is a pleasure to work with Sandy Spring Builders, who have made a real commitment to building high efficiency into the core of their new homes.

Savenia helps homeowners, Realtors, builders and renovators unlock the value of home efficiency upgrades. www.saveniahome.com

Savenia Teams with GCAAR to Educate Realtors on Promoting Efficiency Upgrades

Savenia, whose home rating labels are now featured on homes across the DC area (including The White House) and in 6 states nationwide, has teamed up with the Greater Capital Area Association of REALTORS® (GCAAR) Capital Area Realtor magazine to educate REALTORS® on promoting homes with efficiency upgrades. GCAAR is one of the nation’s largest real estate associations, and their REALTOR® magazine reaches some 9,000 readers in the capital region.

Screen Shot 2014-11-18 at 4.05.51 PMRecognized for our expertise in home energy efficiency, Savenia emphasizes how REALTORS® can promote the value of efficiency features they increasingly encounter in their listings. Sellers are eager to promote the many thousands of dollars of upgrades and utility savings that today’s buyers are looking for. Savenia’s full-page guide gives REALTORS® a step-by-step process to start effectively marketing these valuable upgrades.

Savenia helps homeowners, REALTORS®, builders and renovators UNLOCK the value of home efficiency upgrades. Solar, High Efficiency Appliances, HVAC, Lighting, Water Heating and more.

Savenia provides home sellers with customized Home Rating Labels, marketing materials and online marketing to differentiate, sell faster, and capture the full value of homes for sale.

GCAAR is taking a leading role in educating REALTORS® on home sustainability attributes to support the next wave in growth of efficient homes and energy conscious buyers.

Savenia Rates White House Solar System

imagesToday we proudly rated the solar system recently installed on The White House rooftop. After meeting with the US Department of Energy about our innovative new Savenia Solar Ratings, we are able to award the White House our coveted Savenia Solar Gold Rating.

The White House installed a 6.3kW solar system, and we estimate the system value at almost $27,000. In addition, we estimate the system will earn up to another $43,000 over the next 15 years through energy production plus renewable energy certificates minus expenses.

This system gets a Savenia Gold Rating because of the high return on investment for someone looking to move into this house….whoever that will be in 2017.

We are providing a copy of the Savenia Rating here for the White House to display to the public.

Savenia helps homeowners, Realtors, builders and renovators unlock the value of home efficiency upgrades. www.saveniahome.com

Savenia Rates one of Largest Residential Solar Installations in Maryland

 

BC8380315 - Solar PanelsSavenia was delighted to recently rate the solar installation at a beautiful home for sale at 1212 Bernoudy Road in White Hall, Maryland.

In what we understand to be one of the largest residential solar installations in the state of Maryland – the home has 88 panels producing some 22kW of electricity. Our Savenia Solar Rating shows that the system itself is worth upwards of $126,000, and could earn up to $155,000 over the next 15 years for the new buyer. This system earned a Savenia Gold rating due to its high return for the new home buyer.

“This is a uniquely beautiful home on 15+ peaceful acres with countryside views, structurally insulated panels and geothermal throughout in addition to one of the largest residential solar systems in Maryland” said Heidi Krauss from Krauss Real Property Brokerage. “Savenia makes it easy to explain the benefits of solar so prospective buyers can see the full value of this truly magnificent home”.

Savenia helps homeowners, Realtors, builders and renovators unlock the value of efficiency upgrades.

How Much Is Your Solar System Worth To Home Buyers?

It could be a lot.  Several large studies now show that solar can increase home values by as much as $15-25K depending on system size and age. But most solar system owners undersell the benefits when they market their home. The typical listing for a home with solar panels says somewhere in the details…..wait for it…..solar.  

Screen Shot 2014-05-21 at 3.01.33 PMSellers should say more. Buyers are interested in saving money on their energy bills, and this can be a differentiator to get a home sold faster. Some systems even earn money by selling energy back to the utility, a big selling point. Even in cases where the solar system is leased and cash flow is about break-even, buyers are interested in the environmental benefits of a home with clean energy. And for many leased systems, convincing the new buyer to keep the lease is crucial – newer leases now require home sellers to “buy out” the remaining lease term if the new owners don’t agree to the lease’s conditions.

Savenia helps homeowners, realtors, builders and renovators unlock the value of efficiency upgrades – and with our large databases, we’re in a great position to help solar homeowners cash in on their investments.
If you have solar on your home and wondered how best to market this to buyers – please get in touch at info@savenialabs.com.  Or sign up to learn more here.
Thanks everyone for your continued support!