Washington Passes New Home Energy Disclosure Law
Washington state lawmakers have approved legislation requiring sellers to provide energy-performance information when listing residential properties. The measure, set to take effect next year, applies to most single-family homes and small multifamily buildings.
Key Details of the Law
Before making an offer, buyers will receive standardized reports that include:
- Estimated annual utility expenses.
- Insulation levels and efficiency ratings.
- Heating and cooling system performance data.
The goal is to give buyers clearer insight into long-term operating costs that were previously difficult to assess.
Impact on the Market
Real estate professionals report that:
- Older, less efficient homes may need upgrades (such as insulation, windows, or HVAC improvements) to remain competitive.
- Properties with strong energy ratings could see increased buyer interest and potentially higher sale prices.
Sellers are encouraged to schedule energy assessments early in the listing process to avoid delays.