What is the ROI on energy efficiency improvements?
By Bob Millaway, South Jersey Community Expert & REALTOR®
Energy efficiency improvements typically offer strong returns. Air sealing and attic insulation pay back in 1 to 3 years. LED bulbs pay for themselves in less than a year. Smart thermostats pay back in 2 to 3 years. ENERGY STAR appliances and heat pump water heaters pay back in 3 to 7 years. Solar panels pay back in 7 to 12 years with federal tax credits. When you sell your home, energy-efficient upgrades also increase resale value. Many improvements qualify for federal tax credits and utility rebates that improve ROI.
Why It Matters
Energy efficiency is one of the few home improvements that both saves you money monthly and increases your home's resale value.
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