Energy efficient houses cost more?
Is an efficient house really more expensive?
The quick answer: “Maybe not.”
The myth is that in order to have an energy efficient house, you’re going to have to pay more upfront. This makes sense at face value. After all, the idea of fancy, smart technology does sound expensive. But, the payoff is worth it. Right?
Yes. It is. The thing is, you probably won’t have to drop as much cash initially as you’re thinking.
If you’re buying a more efficient washer with extra perks (and a fancy screen), then yes, you’ll probably spend more than on a cheap, inefficient washer. But, if you buy a smaller HVAC system — one that is better suited for your house — then you’ll spend less money up front. And you’ll save in the future. The same would be true for downsizing a water heater if you realized you actually had more than you needed.
Other more efficient appliances — new refrigerators, dryers (even washers) — could end up the same price as their money-sucking counterparts. So, no, a more efficient home doesn’t have to cost more initially. Not necessarily.
And, here’s the kicker (I know you’ve been waiting for it): even if it were slightly more expensive to upgrade to a more efficient house, the appliances end up paying for themselves. So. Either way. It’s worth it to go efficient.
Some tips to consider if you’re remodeling for efficiency (just to make sure you don’t spend more than necessary):
- Don’t buy more space than you need. This includes HVAC and water heaters, yes. But, also refrigerators and freezers. Extra capacity? Wasted energy (and ultimately, money).
- Use the energy guide label. This allows you to easily compare energy use across models of appliances.
- Look for incentives. Most states offer tax incentives for your efficiency.
- Buy closer to the retirement date. In the end, buying an efficient appliance when your current appliance is still running fine is a big cost. Carefully consider the payback period. Sometimes it actually is better to wait to make a new purchase.
