Essex-Connecticut Savings

Grow your Essex Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows could increase the asking price of your home. As mentioned before, windows preserve most of their initial value especially given their long life expectancy. At a rate of 72.3% estimated for 2020 an average total window replacement job costing $17,925 would preserve $13,018 of its initial value.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to uncover : What’s the return on energy savings if you put your house up for sale? This is what we found in Essex:

Another way to look at it, a window upgrade in Essex can add between 0.35% percent and 1.59 % percent to the asking price of your home via the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Essex homeowner is relatively strong.

The variation between the range for Essex and Hartford, which for reference, would yield a potential premium range of 0.29% percent and 0.43% percent respectively, is derived from a number of factors, in particular; the 2.07% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Hartford-West Hartford-East Hartford region, and heating & cooling cost differences between Essex and Hartford.

The data presented is derived from EnergyStar, the NREL,Department of Energy and extensive research executed by the National Association of Homebuilders. Essex home value data is provided by Zillow.

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