Transformations, Inc. wins 2 awards from U.S. Department of Energy National Challenge Home Program
Transformations, Inc. won two national awards from the U.S. Department of Energy (DOE) National Challenge Home program for building high performance, energy-efficient homes. The DOE selected Transformations as a winner in the Custom Home and Production categories.
Transformations won awards for two homes, both of which are classified as "net zero;" that is, they have zero net energy consumption and zero carbon emissions annually. In fact, the two homes built by Transformations were projected to produce about 10,000 kilowatt hours of energy more than they consumed---enough power to drive a Nissan Leaf or Chevy Volt for 30,000 miles each year. The two homes were moderately priced: $360,000 for the production home and $450,000 for the custom home.
These building projects align with the Mass. governor Deval Patrick's administration plans for zero net energy development in Mass., as well as President Obama's plans to mitigate climate change.
"In Devens we've built housing for the future: energy-efficient, moderately-priced homes," said Carter Scott, president of Transformations. "These well-priced and well-sized homes can be built anywhere in Massachusetts. By creating both green jobs and green housing at affordable prices, this project has increased local economic activity and expanded our options for sustainable housing."
"With the progressive state, federal, utility and lender incentives for high performance homes, Transformations can now produce a zero net energy home for the same cost as conventional construction in a Mass. investor-owned utility service territory with a solar lease. This is huge news because it allows a paradigm shift in housing for Mass. California has enacted legislation mandating zero energy homes by 2020. Massachusetts can now be on its way to following in California's footsteps." said Scott.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary