What type of return will I see on installing new windows?
Ever heard the suggestion that new windows will increase the value of your home? Of course you have and it’s typically true. Whether you plan to stay in your house for years or you want to sell tomorrow, new windows offer amazing financial benefits.
So how much?
The answer depends on the type of windows you install, but according to Energy Star, homeowners who install Energy Star-rated windows save up to $500 a year on their heating and cooling costs. These savings come simply from making the home more energy efficient and require no lifestyle changes at all. It’s also worth noting that you may also benefit from a 10% green energy tax credit if you install Energy Star-rated windows. Additional credits may be available depending on which state you live in and any promotions being offered by your local utility.
That’s great for those who plan to stay in the home, but what if you want to sell? Well, many agree that installing new windows likely adds real value to your home. According to HGTV, homeowners who install new windows can expect to recoup 60-90% of their investment in energy-efficient windows. You’ll be making your home more appealing and perhaps getting some of your money back as well. It’s win-win.
You can learn more about savings and rebates in your area by visiting the Energy Star Rebate Finder website.