Westerly-Rhode Island Savings

Build your Westerly Home’s Value through Energy Savings

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Upgrading your windows to EnergyStar rated National Vinyl windows can 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.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to figure out : What’s the return on investment on energy savings if you sell your home? What follows is what we estimated in Westerly:

Another way to look at it, a window upgrade in Westerly can add anywhere from 0.2% percent and 0.95 % 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 initial value of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Westerly homeowner is relatively strong.

The variation between the range for Westerly and Providence, which for reference, would yield a potential premium range of 0.19% percent and 0.28% percent respectively, can be estimated from a number of factors, particularly; the 0.61% percent difference in median home prices, a buyers’ likelihood to pay more for energy savings at a given price point in the Providence-Warwick region, and heating & cooling price differences between Westerly and Providence.

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

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