Koirala, Bohara and Berrens (2014) found that requiring energy efficiency building codes raises housing prices but they then attempted to find out if this price rise is offset by reductions in household energy expenditures down the road.
Using sample data from the American Community Survey 2007, they found that energy efficiency regulations in building codes, once capitalized, increases housing rents by 23.35 per cent. The offset in reduced monthly energy expenditures only amounts to 6.47 per cent. The codes cost $163.19 per month and only save us $7.71.
HT: Richard Tol
Utopia, you are standing in it! 
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