Boost Home Value & Comfort With High-ROI Energy-Efficient Home Upgrades
Energy-efficient home features are highly desirable for both occupants and those currently shopping for a new dwelling. Current owners who plan to sell in the future may be leaning towards making energy-efficient upgrades that save them money now but will also offer a good return on investment (ROI). Keep reading to learn about energy-efficient home upgrades that save money on utility bills and increase property values.
Save Time & Money with Smart Appliances
Homeowners and future buyers often have an eye towards conveniences that make life a bit easier daily. From new construction technology to in-home smart appliances, high-tech applications are becoming standard in every home. Smart appliances allow occupants to have operational control over compatible devices using an app, minimizing overall use.
Additionally, those with the EnergyStar seal of approval can help curb energy use even more, which means lower utility bills. Some of the most popular energy-saving appliances to invest in with a high ROI include:
- Ranges & Ovens
- Stand-Alone Freezers
- Laundry Washers & Dryers
- Smart Lighting Installations
Many EnergyStar appliances qualify for rebates upon purchase, which can save them even more money!
Earth-Friendly Solar Panels Installations
Solar power setups were relatively costly and typically challenging to install when first conceived, as the earliest options were predominantly extensive, heavy rooftop panels. However, as technology improved, other options have come about that have allowed solar power systems to be far more affordable.
Ground panel placement, smart shingles, and special roofing tapes dominate the market today, and installation costs average between $10,000 and $15,000. According to Berkeley Lab research, in addition to having an abundance of free energy for the home, solar power systems have a consistent 85 percent ROI.
Many state and national programs offer substantial rebates for those who purchase and install solar power, which can curb a good portion of the costs associated with the initial investment. Another perk for owners is that any extra energy stored in reserves can be sold to local electric companies in cash or credit.
Energy-Efficient Heating and Cooling Systems
The US Department of Energy reports that nearly 43 percent of the energy used in homes today goes towards heating and cooling costs. This estimate can be even higher in homes with inefficient, poorly operating, or older HVAC systems and fuel-fired furnace installations. There is no denying that heating and cooling devices are one of the most expensive home upgrades.
However, the National Association of Realtors reports that more than 70 percent of the initial costs of HVAC upgrades can be recouped when selling. Certain rebates may be available through local, state, and national programs that can help reduce up-front costs. Those who don't want to replace their system can still save money by investing in a smart thermostat that helps lower energy use.
Replacing Windows with Energy-Efficient Features
Energy-efficient windows are excellent money savers in extreme climates. They also serve as suitable noise barriers when installed by sound and light-deflecting thermal low E or dual and triple-paned glass styles. Including tinting can be a nice bonus, especially with smart glass windows that automatically darken in extreme light.
While replacing relatively new windows might prove to be expensive at first, those with older windows or poorly sealed ones can see an excellent ROI with energy-efficient panes. According to Consumer Reports, Energy-Star rated windows can bring in a 70 percent return on investment in addition to substantial savings on energy expenses.
Reap Savings & Boost Property Value With Energy-Efficient Upgrades
Experts recommend carefully choosing home upgrades to boost energy efficiency, particularly when seeking a solid return on investment. Depending on where one lives and how long they plan to continue owning the home, each renovation can benefit owners in every step of ownership—from making a down payment to reducing utility bills and getting ready to sell. If there are any doubts about which energy-efficient home improvements are worthwhile, a local contractor can likely steer homeowners in the right direction.