5 Energy-Efficient Home Upgrades That Have a High ROI
Making a home more energy-efficient is a great way to simultaneously improve its value and the environment. Some of the most effective home improvements regarding return on investment also improve a home's efficiency.
There are many projects homeowners can complete that offer a high return on investment. Read on to discover five high-ROI energy-efficient home upgrades that will benefit homeowners now and when it comes time to sell.
The attic is one of the best places to insulate because it makes a home more energy-efficient, and it's also one of the most cost-effective upgrades a homeowner can make. Adding insulation is a simple process that can be done in just a few hours.
Homeowners should ensure that their attic is insulated correctly by checking the R-value of their insulation. The R-value is a measure of a material's thermal resistance. The higher the R-value, the better the insulation. Most homes have an R-value of between R-11 and R-38. To determine if a home needs more insulation, homeowners must first use a thermal imaging camera or complete an energy audit. If their home's R-value is lower than recommended, they should add insulation.
The EPA reports that adding insulation in attics, crawl spaces, and basements can save homeowners 15% on their heating and cooling costs.
Install New Windows
Replacing old, leaky windows with new, energy-efficient models is another great way to reduce energy consumption and improve a home's comfort. Installing new windows can save homeowners up to $500 on their energy bills if they switch out single panes for energy-saving options.
Homeowners should look for windows with a high Energy Star rating. Windows with a high rating have been tested and certified to meet strict energy-efficiency guidelines. Homeowners should also consider the climate in which they live. For example, windows designed for cold temperatures will not be the best choice for a home in a warm environment.
Add a New Roof
A new roof is another major renovation project offering substantial energy savings. It can improve energy efficiency by up to 30%.
Homeowners should consider several factors when choosing a new roof, including the climate they live in and the type of roofing material they want. Metal is one of the most energy-efficient roofing materials available. It reflects heat away from the home in summer and retains warmth in winter.
Upgrading to a new roof is a major expense, but it offers one of the highest returns on investment of any energy-efficient upgrade.
Replace Heating & Cooling Systems
Replacing an old heating or cooling system with a new, energy-efficient model is one of the most expensive energy-efficient upgrades a homeowner can make. Still, it's one of the most rewarding. A new heating or cooling system can save homeowners between 20% and 40% on their energy bills annually.
Homeowners should consider many factors when choosing a new heating or cooling system, including the climate in which they live and the size of their home. A professional energy audit can help homeowners identify the best system for their home and lifestyle needs. One option is a thermostat with smart technology.
Invest in a Solar Panel System
Solar panels are possibly the most expensive energy-efficient upgrade a homeowner can make but are also the most rewarding. They require a significant initial payment but promise to provide a high return on that investment.
Professionals can install solar panel systems on the roof or ground. Homeowners should consider the size of their home and the amount of sunlight their home receives.
Additional benefits of solar panels include:
- Reduced carbon footprint
- Added value to the home
- Government tax credits and incentives
While a solar panel's savings will depend on the home's location, it cuts energy costs significantly.
Begin a High-ROI Energy-Efficient Home Upgrade Project Today
Homeowners should consider home improvement projects carefully to make the most of their hard work and investment. Those looking for ways to make their homes more energy-efficient can start with one of these five upgrades. Not only will they see a high return on investment, but they'll also be doing their part to help the environment while improving the comfort of their home now and in the long run.