The Cost of Energy Efficiency Is It the Answer For You?
Posted By admin on February 28, 2010
Thank you for revisiting you can still subscribe to my RSS feed. As Always Thank You for visiting!
It is easier said than done when it comes to making your home more energy conserved. The cost to make your home more energy conservation is being reviewed by Amory Lovins. Amory Lovins is the renowned idealist of energy conservation. He not only talked the talk, but walked the walk when he renovated his 4000 square footage home to make it energy conservative. He completed the renovated in 1984 at a time in real estate history that the country experienced one of highest interest on real estate in history.
Now, when the country is in the middle of a recession another idealist, Scott Nyquist, is pioneering an economical evaluation of making his home in Houston energy efficiency. He, too, believe it is time for American to invest in energy efficiency, but he is different from Lovins in that he realize that everyone can not afford to use light-emitting diodes to light their homes due to the cost of the technology.
In contrast to Nyquist’s plan to reduce cost, Lovins spend over $150,000 with the largest of the innovate equipment donated to the project. Lovins admits that he does not know how much the project would have cost had he had to purchase all of the items himself for the energy efficient upgrade that he completed in 1984. The retail cost for the photovoltatic panels used, for instance, was $30,000 each not including installation. Tax breaks, on the other hand, does offset some of the cost for the panels, but it still is a costly venture.
Lovins states that the lower utility bills will offset the cost of installation of the energy efficient equipment within a year of purchase.
As a result of the savings during Lovins renovation, it is more important than ever to consider improving your home and making it more energy efficient. However, it is equally important to accomplish that goal within your budget. Therefore, the renovation that Nyquist is very important.
It is estimated that cutting energy cost throughout America will save 1.2 trillion dollars in energy cost by 2020.
While some of the technology is still too expensive for most of us to put in our homes, it is still economical to add insulation to our attics, weatherproof doors and windows, and purchase energy efficient appliances.
Originally posted 2009-08-20 05:00:40. Republished by Blog Post Promoter
Taylor-Brown's Related Post s' Related Posts - Thinking of Becoming a Real Estate Investor Thinking of becoming a real estate investor? The first thing that will make this endeavor achievable is that the investor must understand his or her market. There are two different types of markets. One type of market is a seller’s market, and the other type of market is the buyer’s......
- What's Your Best Chances To Make Money in Real Estate Today? The Answer May Surprise You With any investment that you make your goal is to make money. In today's market, you can make money by offering rent to own. With rent to own, you are still the owner of the home, but the occupants have equitable interest in the home just as your mortgage company......
- There Is Hope For You If You Have Bad Credit in Getting a Mortgage Has mortgage lending freed up? The answer is a resounding, no. At the end of 2008, banks, consumers, buyers, and sellers found themselves wondering if they could buy or sell real estate. I, too, had several clients that could not close their deals due to the credit tighten.......
- Protecting Your Investments In order to protect your real estate investment, you must understand the tax tribulations that can be encountered. You must first decide on the type of entity that you would like to form. Forming one or more of these entities listed below will protect your individual personal assets, so review this carefully and consult an attorney if......
- Real Estate Auctions. What is it? What Happens If I Win? A real estate auction is the norm in this market that is why it is important to understand what a real estate auction is and more importantly understand the risk of the auction. "You are the winner." Those words are something that most people love to hear, but what does......
- Counting Down to Quality There are five common errors that builders make in the efficiency of energy, resources and health. There are far too...
- Rising Energy Cost and Green Initiatives Diverge Electrical Industry With ever increasing energy cost, and what seems to be an unnoticed trend in appliances and devices that draw even...
- How to Get Your Home Ready for Winter Winter may be a few months away, but now is a great time to start getting ready for it. With...
- Purchasing Kauai Real Estate - Your Own Heaven on Earth For anyone looking at buying property in Hawaii, especially on the island of Kauai, there are numerous areas that hold...
- Harbor Breeze Ceiling Fan We are focusing this week on ways to save money on your household expenses. Yesterday, I posted about using window tinting...
About the author
Great site-thank-you! Check it out-Google CEO Schmidt says punching down into the earth to capture natural and clean geothermal energy could help move the United States away from it’s dependence on petroleum-Francis—http://www.geothermalquestions.net