Introduction
Home energy efficiency has become a major concern in the real estate industry lately. This is because rising energy costs and increased environmental awareness have made energy-efficient homes more valuable. Homeowners looking to sell their homes may be wondering how much value energy-saving improvement adds to their property. Many studies have been conducted on this topic, and the results are clear. Making energy-efficient upgrades to your home can have a significant impact on home value.
On average, homes with Energy Star certification can expect their home price to increase by 3-4%. Additionally, research has found that increasing the Home Energy Rating System (HERS) score of a home also substantially increases its market value. Homeowners looking to make improvements that will add to their prices should consider making it energy-efficient. Upgrades such as installing solar panels, adding insulation, and upgrading heating and cooling systems.
Making these kinds of upgrades not only adds value to a home but can also offer substantial savings on energy bills. Homeowners should consider the potential return on investment when making home improvement decisions. These upgrades can save money in the long run and even increase a home’s resale value.
After all, it is not only homeowners that could benefit from energy efficiency. With global warming on the rise, our duty is to do everything we can to save our planet. Well, installing energy-efficient appliances that will reduce carbon emissions surely helps.
Why is home energy efficiency important?
Home energy efficiency is important for a number of reasons. Not only does it increase the home’s value, but it can also come with a great ROI. In addition, green homes are becoming more popular every day. Therefore, making your home more energy-efficient can help you stay ahead.
The best way to increase your home’s efficiency is to look for areas where you can make improvements. This could mean replacing old windows and doors, improving insulation, upgrading old appliances, or even installing a new heating system. Making these changes can reduce your energy bills and increase the comfort levels in the home. Additionally, there are many tax credits or rebates available for making energy-efficient upgrades to your home, which could increase your ROI even further.
Ultimately, taking the time to increase your home’s efficiency is a smart decision that will benefit you in the long run. Not only will it increase your home value, but it will also save you money on energy bills and increase the efficiency of your energy use. Making green upgrades to your home is a great way to increase its value while helping the environment at the same time. With all these benefits, it’s no surprise why so many homeowners are switching to energy-efficient homes.
Read here on how to apply for ENERGY STAR certification
5 ways to improve your home’s energy efficiency
Making your home environmentally friendly is a great way to reduce energy costs, protect the planet, and improve overall comfort. There are many things to do so you can make these changes, from simple DIY projects to more expensive technology investments. Follow these five easy ways to make your home energy efficient:
Replace old windows, doors, and insulation.
Replace or upgrade drafty windows, doors, and insulation with energy-efficient options to help keep warm air during the winter months and cool air in during the summer months.
If you want to learn more about thermal insulation, read our article:
7 Reasons Why You Should Invest in Thermal Insulation
Switch to energy-efficient lightbulbs.
By switching out all of your lighting fixtures for energy-efficient LED bulbs, you can reduce energy costs significantly each month.
Install a programmable thermostat.
Installing a programmable thermostat gives you more control over the temperature inside your home. It will also help you save energy by ensuring that you’re not cooling or heating an empty house unnecessarily.
Upgrade appliances to energy-saving models whenever possible.
Old appliances can be energy guzzlers. Look for energy-star-rated models whenever possible. Consider purchasing energy-efficient dishwashers, refrigerators, ovens, and washing machines when it’s time to buy new appliances.
Invest in solar energy technology.
Solar energy technology is the best way to reduce energy costs and protect the environment at the same time. Consider investing in solar panels if you are looking for an energy-efficient real estate investment that pays off in the long run.
By going for these five simple steps, you can make your home more energy efficient and reduce your energy bills each month.
There are some good tech platforms that can help homeowners to improve energy efficiency in their homes. Homescala is the most advanced online home renovation tool that can help you plan and execute your home renovation project with ease. Using Homescala’s free tools and resources, you can save money on your home renovation project while still achieving the results you want. Check out the Homescala Renovation Portal and see how easy it is to come out with a plan for renovating your home.
If you want to learn how you can increase your home value, here are some tips:
11 Tips to Increase Your Home Value
Why energy efficiency is important for both homeowners and renters
Homeowners can increase the value of their homes by making energy-efficient upgrades. Renters, on the other hand, can save on their energy bills by asking for energy-efficient properties. Both groups can also benefit from energy efficiency incentives offered by local and state governments.
For homeowners, energy-efficient improvements can increase the price of their property when they decide to sell or rent it out. In addition, these upgrades can reduce energy bills and help them save money in the long run. Renters can also benefit as they pay lower energy costs compared to non-energy-efficient buildings.
Making energy-efficient upgrades is worth considering for any homeowner as it can save them money in the long run by reducing their energy costs. Additionally, having energy-efficient renovations done to their home can also increase its value. For these reasons alone, it would be wise to explore what options are available before making a decision on whether or not to invest in making these improvements.
If you are interested in how to do a smart renovation, read our article:
Grants
The U.S. Department of Energy offers grants that can help homeowners make energy-efficient improvements to their properties. Through the EERE grant program, homeowners can get financial assistance for energy-efficiency upgrades that help reduce energy bills and increase property value over time. Grants may cover energy audits, energy-efficient equipment and appliances, energy-saving building materials, energy management systems, and renewable energy projects. All of which can significantly reduce energy costs for long-term savings.
By checking out what’s offered through this office, anyone can find out if they qualify for an EERE grant program and use it to renovate their home for free. From understanding how different types of upgrades work to finding professionals who specialize in energy efficiency modifications—it would be beneficial for any homeowner to go through the process with the Office of Energy Efficiency & Renewable Energy before going ahead with energy renovations on their own.
Conclusion
Making energy-efficient upgrades is a wise investment for any homeowner. Not only do they save money in the long run by reducing their energy costs, but they can also increase the value of their property when they decide to sell or rent it out. The U.S. Department of Energy offers energy efficiency grants to help homeowners make these upgrades, so it would be beneficial for any homeowner to explore what options are available through this office before making a decision on whether or not to invest in improvements.
Making renovations is an important decision that can have long-term effects on energy bills and your home price. With that in mind, it’s wise to check out the available solutions on the market when deciding which plan to pursue. Researching energy-efficient upgrades and understanding how they work is essential before committing to any type of renovation project. It’s also important to know what options are available on the market for making the best renovation plan that suits your needs.
When it comes to renovations, many homeowners feel like they have to do everything themselves in order to save money. While this may be true in some cases, it’s important for homeowners to explore the options available to them before starting any renovation project. This is especially true about energy-efficiency renovations, as there are many solutions on the market that can help reduce energy bills and increase the price of their home over time.
For homeowners, Homescala is the ideal tool for renovation plans. It simplifies the process of understanding where and how to invest in upgrades while helping save money in the long run. Consider ordering Virtual Estimate and save your time and money.
