It is no secret that energy-efficient programs and solutions are beneficial to the environment. But homeowners too can directly benefit from making residential improvements toward energy efficiency.
Ranging from financial advantages to reduced costs, here are the major benefits of owning an energy-efficient home.
1. Energy Efficiency Tax Credits
The use of energy-efficient resources like residential solar in Sandy, Utah and other states is highly encouraged. These states even give out tax credits and incentives, allowing interested homeowners to take advantage of mortgages that can be used in pursuing energy-efficient solutions for household improvements.
Other states have different guidelines regarding tax credit qualifications. Some offer rebates in home improvements relating to energy conservation.
2. Contribution to the Protection of the Environment
The reason behind the government launching incentive programs for green energy solutions is to encourage individuals to contribute to the campaign to protect the environment. And by introducing energy-efficient technology and resources in your home, you are doing just that.
Energy efficiency in homes also promotes a healthy living environment for you and your family. This is an essential advantage since most individuals spend a big fraction of their time indoors.
3. Significant Reduction of Utility Bills
Comparing homes with the same lifestyle conditions, a household that utilizes energy-efficient resources prove to have lower operation and utility costs. Statistically speaking, new energy smart homes experience around 20% to 60% cost reduction after introducing energy efficiency in their homes.
This is due to various improvements in the utility aspects of homes, such as air infiltration, insulation properties and HVAC systems that help in the regulation of indoor temperature, effectively lowering the need for heating and cooling systems.
4. Return of Investment
As mentioned above, investing in energy-efficient programs and resources open doors to a number of financial incentives. In addition to this, you can expect a return on your initial investment through gathered overall savings from utility bills and operation costs.
In simple terms, shelling out a great deal of money for an energy-efficient residential property can prove to be a sound investment in the long run. Comparatively, it is a lot like purchasing high-quality materials. Although products and goods appear to be expensive because of a higher initial price, purchases are deemed worth it for what the benefits that you can reap in the long run.
5. Increased Property Value
Another significant advantage of investing in an energy-efficient home is an increase in the value of the entire property. As you make improvements relating to energy efficiency on your property, its reselling value increases as well. In addition to this, demands for these kinds of homes are high, so you will not have a hard time finding a buyer for your property.
Aside from the ones listed above, there are many other reasons it is wise to invest in energy-efficient homes. And more than the financial benefits that it offers, people are encouraged to see beyond the superficial aspect of these programs. After all, energy conservation offers a lot more than just saving money on utility bills.