Outdated windows come with their own price tag.
Windows are responsible for a huge amount of unnecessary heating and cooling costs – up to 30%, according to the U.S. Department of Energy. Outdated windows allow heat to escape in the winter and let it slink in during the summer – making homes less comfortable and more costly. Warped and worn window frames create gaps and cracks that air can pass through.
New, energy efficient windows reduce utility costs and boost home value.
You can lower your household energy bills by an average of 12% when you upgrade to ENERGY STAR-certified windows, according to the Department of Energy. That’s between $125 to $465 dollars a year in energy savings. But that’s not all. Freddie Mac research found that greener homes sold for 2.7% more on average than homes without energy efficiency upgrades. The National Association of Home Builder’s 2021 study What Home Buyers Really Want found that more than 8 in 10 home buyers are looking for ENERGY STAR-rated windows, specifically.
But replacing old windows can be a challenge for homeowners on a budget.
Yes, replacing your old windows with modern, energy efficient windows is going to pay for itself in the long run. That doesn’t change the fact that the initial cost of the replacement windows and installation can be daunting to homeowners on a budget. A standard 3 ft. by 5 ft. ENERGY STAR-certified double-hung window can start at $400. At the upper end of the price range, energy efficient windows made from specialty wood or designed for historical accuracy can be upwards of $1,700 per window.
How can homeowners who are on a budget replace old windows without breaking the bank?
If your windows are well past their prime, and you’re ready for ENERGY STAR savings, check out these opportunities for making your window upgrade more affordable.
Equipment Tax Credits for Primary Residences
The U.S. federal government offers a Non-Business Energy Property Tax Credit on windows, doors, and skylights that earn the ENERGY STAR rating. Currently, the tax credit amount is for 10% of the cost, up to $500, with windows capped at $200. The credit doesn’t include installation. After 2022, new limits and criteria apply. Keep each window’s NFRC label so you have an exact record of what was installed for tax season.
Assistance for Low-to-Moderate Income Families
The Department of Energy (DOE) offers a Weatherization Assistance Program (WAP) available for low income households that qualify for Supplemental Security Income and other income eligibility criteria. In addition to a home energy assessment, this program funds common home improvements such as repairing or replacing damaged windows, though the program will rarely replace all windows in a house.
Start saving on your new energy efficient windows!
Kasson and Keller manufactures a complete line of replacement and new construction vinyl window products. Our ENERGY STAR-rated windows have been installed in residences around the country – from new builds to historic homes. We’re here to help homeowners reduce their energy costs and boost their home value. Give us a call to learn more.