Savings Category: Replacement Window Savings

Description

Value You Can Measure

Portland homeowners have a multitude strong reasons to replace their windows. Upgrading leaky windows, refining the aesthetics of your home etc… Many such benefits should be counted rather accurately.

To start, windows maintain about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This sets windows among the top 5 home improvement investments in terms of value retention.

As for energy savings, households located in Portland, should have dramatic savings on daily expenditures for energy. If you already have dual pane windows you could save about $117 a year. On the other hand, when replacing single-pane windows to National Vinyl’s EnergyStar rated windows you could save approximately $391 per annum.

Build your Portland Home’s Asking Price through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows could increase 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.

Moreover, many buyers are willing to pay a premium for energy savings. Here we try to estimate : What’s the return on investment on energy savings when selling the house? What follows is what we found in Portland:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Portland, your home value could increase by between $702 and $1027.26 for a mid-tier or top-tier Portland home respectively.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Portland homeowners could yield an estimated home value increase of between $2346 for mid-tier homes and $3432.98 for the top tier.

Put differently, a window upgrade in Portland can add between 0.21% percent and 1.02 % percent to the sale price 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 initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Portland homeowner is quite strong.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and professional research performed by the NAHB. Portland home value data is provided by Zillow.

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Energy Savings & ROI: Portland vs the rest of Maine

Find out how investing in new windows in Portland compares to other nearby Maine cities.