Energy Efficiency Home Upgrades That Add Value While Saving Money

In case helping the planet isn’t enough motivation for you, creating an energy-efficient home not only reduces your utility bills, but it can increase its value too. Real estate buyers are showing increased interest in homes that carry  Energy Star certifications and paying less for heat and electricity is a huge bonus too.

With so many options to improve your home’s energy consumption, how do you choose what to focus on? Here are some of my favorite upgrades which are easy to implement and will give you the best bang for your buck.

Insulation

Adding or upgrading your attic and wall insulation is a fantastic and cost-efficient way to lower heating and cooling costs. For an average 1,000 square foot ranch, the project costs around $2,000 and the benefit can be upwards of $600 per year on energy bills. In our area, more than 75% of homes are underinsulated which allows heat to escape in the winter and cool air to be lost in the summer. If you’re considering central air for the coming season, don’t even think about putting a system in without having your insulation inspected first.

Solar Panels

While not cheap or easy, solar panels do offer excellent energy savings and are worth mentioning here. The cost can be anywhere from $15,000-$30,000 and once installed, you can expect savings of $500-$1,000 per year on energy costs. Solar panels require very little maintenance but many people consider them unsightly. Suppliers are working on better aesthetic solutions and I think we’ll see a lot of improvements in this area in the next few years. Pound for pound, insulation is a less expensive solution with comparable benefits.

Windows and Doors

Homes lose a ton of energy through windows and doors, especially older ones with loose fitting frames and single pane glass. Energy efficient windows and doors are a smart investment as they will not only save you money in the long run, they are also easy to clean and operate with virtually no required upkeep.

Weatherstripping

Weatherstripping is usually the first recommendation I make for homeowners looking to lower their utility bills cheaply. Energy audits reveal that up to 40 percent of heating and cooling losses occur through air leaks, particularly in older homes. Sealing off these leaks is an easy project that any homeowner can do, it’s very low cost, and the materials can be found at any home improvement store.

Programmable Thermostats

I love programmable thermostats which can help you reduce your energy consumption when you don’t need it. A smart system will allow you to turn down heating and cooling when you’re at work or away for a period of time and the savings will often be recouped in a year. While systems differ, you can expect to spend $200 or less depending on the bells and whistles included.

Gas Fireplace

Gas fireplaces have an energy-efficient rating of more than 70% where wood-burning fireplaces rank around 15%. The cost to convert wood to gas is roughly $2,000, which will pay for itself in just a few years time. While many homeowners love both the smell and the look of a traditional wood burner, new technology has helped gas fireplaces look much more appealing and less artificial than when they were first introduced to the market.

Low-Flow Faucets

While heating and cooling are the biggest energy eaters, it’s definitely worth thinking about your water intake too. Low-flow hardware for toilets and showers is cheap to buy, easy to install, and can cut water usage by up to 50%. This is both great for the environment and can save you upwards of $200 per year on the bill. If you have an old dishwasher and washing machine, now is the time to replace those too as energy efficiency has been the biggest upgrade focus for appliances in recent years.

Making smart energy efficiency investments is a good idea for any homeowner, but it’s important to learn more about your individual home and where improvements can be made. Scheduling a no or low-cost energy audit is a great place to start.

Bob O’Donnell is the owner of O’Donnell Bros. Inc., a Bristol-based home improvement company established in 1975. Email your questions for Bob to info@odonnellbros.com with the subject line “Ask the Pro.” All questions may be considered for publication. To contact Bob for your remodeling needs, call O’Donnell Bros. Inc. at (860) 589-5155 or visit www.odonnellbros.com. Advice is for guidance only.