The Cost of Energy Efficiency Is It the Answer For You?

Originally posted 2009-08-20 05:00:40. Republished by Blog Post Promoter

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.