Scranton-Pennsylvania Savings

Improve your Scranton Home’s Asking Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may 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.

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 put your house up for sale? This is what we uncovered in Scranton:

Put differently, a window upgrade in Scranton can add anywhere from 0.62% percent and 1.93 % percent to the sale price of your home through the energy efficiency premium buyers have shown a willingness to pay. Combined with the aforementioned +72.3% retained initial worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Scranton homeowner is relatively clear.

The variation between the range for Scranton and Philadelphia, which for reference, would yield a potential premium range of 0.65% percent and 0.86% percent respectively, may come from a number of factors, principally; the -0.51% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price range in the Scranton–Wilkes-Barre–Hazleton region, and heating & cooling cost differences between Scranton and Philadelphia.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and extensive research done by the NAHB. Scranton home value data is provided by Zillow.

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