I think that it is a great opportunity for people to decide to have a home energy audit done in order to help save energy and money- it is good for individuals and for the environment. Energy efficient housing is encouraged, and it has always been a voluntary option for home and business owners.
Some see a number of serious implications for many in the idea of having a mandatory home energy audit requirement for anyone selling their house or business in Ontario. Sellers could face pressure from potential buyers to spend thousands to improve their energy ratings. The home energy audit requirement could easily drive up the cost of resale homes, making it more difficult for first time buyers to get into a home.
Mandatory energy audit reports are criticized as being potentially inconsistent, expensive and inaccessible due to the relatively low number of currently qualified energy auditors.
The timing on this is not the best, as home sellers are already concerned about lost equity in today’s economic downturn. A less than perfect energy audit will put pressure on sellers to have to reduce their sale price or, as mentioned, spend thousands to improve their rating.
The voluntary home energy audit program is good as it is. Energy costs do continue to rise and it will be a natural outcome that the program will become more and more popular with people. Eventually buyers may create an increased demand for energy audits as well, in the same way that home inspections increased in popularity and are now the norm for any home buyer. Such a gradual and more natural increase in the demand for home energy audits during the purchase of a house would not cause such immediate duress on home sellers and buyers alike.