Dollars and Sense

Dollar$ and $ense

Cost of House $ 62,500 (not a foreclosure, very poor condition)
Cost of Retrofit $ 75,000 (includes all labor and materials see below)
Total Investment $ 137,500  

Cost of Retrofit:

General Remodeling costs $ 53,000
**Energy Related Improvements (insulation, foam, etc) $ 22,000
Total $ 75,000

Payback of energy improvements with 74% reduction with oil = $3.50/gal**

Pre-Retrofit Costs  
Heat (1000 gal. oil) $ 3,500
Elect. (lights, hot water) $ 1,200
Total $ 4,700/year
Post-Retrofit Costs  
Heat $ 815
Elect. (lights, hot water) $ 350
Total $ 1,165/year

Saving per year!!!!!                                                 $ 3,535

PAYBACK!!! Energy Related Costs/$aving    =  6.2 years !

 **Important:  This payback period is based on $3.50/gallon oil.  At $5/gallon payback would be 5.4 years!

 

  • Increase value at sale of home:  ? ? ? $5 – 20,000

  • Protection from energy inflation:  VERY HIGH

  • Peace of Mind:  Priceless!

When:  House was purchased Nov. 2009 and completed May 2010 by two carpenters and sub-contractors working 4 days a week.

Carpenter at work 1Where:  We are physically located in Bath, Maine.  The location, techniques, and materials may change, but the concepts are applicable to any cold weather climate around the world.

Comments are closed.