Wilkes-Barre-Pennsylvania Savings

Improve your Wilkes-Barre Home’s Asking Price through Energy Savings

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Switching your windows to EnergyStar rated National Vinyl windows may add to the sale 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 answer the question : What’s the premium for energy savings on the market? What follows is what we uncovered in Wilkes-Barre:

Another way to look at it, a window investment in Wilkes-Barre can add between 0.78% percent and 2.41 % 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 Wilkes-Barre homeowner is quite clear.

The variation between the range for Wilkes-Barre and Philadelphia, which for reference, would yield a potential premium range of 0.83% percent and 1.1% percent respectively, is derived from a number of factors, especially; the -0.62% 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 price differences between Wilkes-Barre and Philadelphia.

The data presented is based on EnergyStar, the NREL,Department of Energy and extensive research done by the National Association of Homebuilders. Wilkes-Barre home value data is provided by Zillow.

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