From Engineering on May 03, 2011 in Energy Efficiency
In case you haven’t heard, May is National Home Improvement Month! So of course, we’re celebrating home improvement like crazy over here. What that means for you is extra remodeling value, pictures and goodies.
Today I’ll provide some useful cost averages for spring’s most popular home upgrades. All of these improvements are designed to seal up the envelope of your home, reducing your energy bills and helping you conserve where it counts.
Energy-Efficient Tax Credits
First off, know that certain energy-efficient upgrades can earn you federal tax credits. Upgrading to a new heating and cooling system, for example, can knock off $300 from the cost of the installation. For energy-qualified new windows and doors, you can get $500, or 10% of the first $5,000 spent. To find out how much home upgrades cost in your area, click here.
HVAC is Amazing
Let’s start with HVAC. While admittedly not the sexiest home upgrade, a new energy-efficient HVAC system saves you 25-30% on your heating and cooling bills. That’s great and all, but how much are the systems themselves?
- Central air conditioning - $1,500 to $3,000
- Warm air furnace - $1,500 to $3,800
- Hot water boiler - $2,500 to $3,500
- Attic ventilation - $250 to $450
The $300 federal rebate, plus immediate and long-term savings on your energy bills make HVAC an amazing investment. Get more localized pricing info here.
New Windows, Quicker Payback
Also cost-effective are replacement windows. The government pays you back up to $500 for new windows installed in 2011, which then cut your energy bills by 15-30% monthly.
Average costs for window replacements are:
- Existing window replacement - $200 to $500 each
- Upgrading to storm windows - $60 to $100 each
Price quotes on new windows are available here.
More Green Upgrades
Other notable home improvement costs:
- Basement or attic insulation - $0.75 to $1.75 per square foot
- Bathroom remodel - $6,000 to $12,000
- Build home addition - $70 to $120 per square foot
What are your remodeling plants this spring? Let us know in the comments! Cost data via Carla Harbert