KB Home has unveiled a new program called the Energy Performance Guide (EPG) that is now offering an estimate on cost of a home’s monthly electric and gas bill. The program will give information in a similar fashion to the well-known miles per gallon (MPG) system in an effort to make it easier to understand for home buyers.
In addition to an estimate of monthly energy bills, the EPG will also provide a number, based on a sliding scale, that correlates to the home’s overall energy efficiency. These estimates will be displayed in KB Homes model units, and included in the paperwork at purchase so that buyers can decide the value of their investment in relation to other options.
Such a self-created program, for all its good intentions, might raise alarms for some due to the lack of regulations around it. Still, the initiative may be a move in the right direction, and should the home energy rating system catch on it could represent the start of a standard disclosure for consumers.
Although the EPG lacks key determining factors that people across the country would need in order for this type of approach to become standard disclosure for the majority of home buyers, it is a genuinely interesting program that, at its core, is a positive step for consumers wanting to know how to balance green living with money management.