Replacing your windows with more energy efficient windows is a big undertaking. If you’re on the fence about whether or not to replace your windows, then hopefully our infographic will help you decide whether or not it is a worthy investment for you and your family!
Replacing all the windows in the home costs an average homeowner between $7500-10,000 on average. One immediate benefit, however, is that you receive a majority of that cost back in home value. According to the 2013 Cost vs. Value report, the average homeowner will recuperate on over 70% of the cost of the windows in home value.
The energy efficiency tax credit has been extended through 2013 as well, so you can also plan on receiving a $200 tax credit for energy efficient windows installed this year.
Lastly, energy efficient windows can save you on average $9.25 – $38.75/month on energy bills for a total average savings of between $111-465/year. This range is largely dependent on the windows you had before you replaced your windows with Energy Star Rated windows. If you have single-pane windows now, your savings will be much greater (closer to $465/year) than if you have double-pane windows (closer to $111/year).
Our Cost Vs. Value over time graph shows when your investment will pay off. The yellow bar represents the average cost range for homeowners to replace their current windows with energy-efficient windows.
*Keep in mind that your position on the graph at year 1 will depend on how much you spend on the windows, but that homeowners on average recuperate 75% of the costs in that first year. This means your “starting point” on the graph should be 25% below your cost for the windows.
Your progression on the graph year-over-year represents your yearly savings on energy bills. The less energy-efficient your current windows are, the higher you will be in the blue “Value/Savings Range.”
We hope this fun infographic helps you in your energy efficient windows decision! If you have any questions or would like a free, on-site estimate, please feel free to call your local Jones Paint & Glass today!