Greenwich-Connecticut Savings

Grow your Greenwich Home’s Value through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows can add to the value 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to figure out : What’s the premium for energy savings if you sell your home? Below is what we discovered in Greenwich:

In other words, a window investment in Greenwich can add anywhere from 0.33% percent and 2.27 % percent to the value of your home by way of the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Greenwich homeowner is relatively strong.

The variation between the range for Greenwich and Hartford, which for reference, would yield a potential premium range of 0.17% percent and 0.27% percent respectively, is dependent on a number of factors, notably; the 10.3% percent difference in median home prices, a buyers’ propensity to pay more for energy savings at a given price range in the Bridgeport-Stamford-Norwalk region, and heating & cooling price differences between Greenwich and Hartford.

The data presented is derived from EnergyStar, the NREL,Department of Energy and incredible research performed by the NAHB. Greenwich home value data is provided by Zillow.

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