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 the information below 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 a 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).
Over time, energy efficient windows are an investment that will pay off. How much that may be will depend on how much you spend on the windows, but generally, homeowners recuperate 75% of the costs in the first year. A great deal of those savings come from yearly savings on energy bills.
We hope this information 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!