There is a huge push presently for property owners to build "eco-friendly" or to renovate their homes to be more energy efficient. The initial cost of "eco-friendly" building materials and energy efficient windows and appliances might appear overwhelming to a lot of homeowners. Making your property more energy efficient will hold up in a cost benefit analysis; here are a few of the ways it could help you.
Putting energy efficient windows in your home is one of the best ways to lessen your per month power usage. These windows are useful in the summer months as well as in the winter months: reducing energy consumption in all seasons. In fact, while energy efficient windows are excellent in any climate, they are really the most beneficial in regions where the outdoor temperature changes drastically.
One standard sized energy efficient window costs between $125 and $200. If you own, or are constructing, an average sized home, you will probably need between 15 and 25 windows. 3,000 dollars is a very basic estimate of what you are likely to spend putting energy efficient windows in your property. These windows will save you anywhere between $125-$465 per year. The weather changes greatly across the nation, as do the energy rates; this is the reason for the disparity in savings. It will take just around twelve years to get your money back on your investment at an average savings of 200 dollars per year. But, the benefits aren't just monetary, you can also benefit by lowering your carbon footprint!
If you have enough money to make your home more energy efficient this year, your financial trade-off will be much larger. The federal government is currently offering a tax credit available to all property owners until December 2010. Changing older windows with energy efficient windows can earn the property owner a 1500-dollar tax credit if done before the end of this year. Property owners interested in revamping their appliances as well as some other things could be eligible for lots of tax credits this year. Revamping your house to "greener" products and appliances by years conclusion will earn you back your cash investment in far less time.
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