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MonthMortgageIncreaseMonthlyEnergy Savings
CuuvCs/Bf
1
$258.72$33.75
-
$224.97
2
$5.59$33.75
-
$196.81
3
$5.59$33.75
-
$168.65
4
$5.59$33.75
-
$140.49
5
$5.59$33.75
-
$112.33
6
$5.59$33.75
-
$84.17
7
$5.59$33.75
-
$56.01
8
$5.59$33.75
-
$27.85
9 $5.59 $33.75 $0.31
10
$5.59$33.75 $28.47
11
$5.59$33.75 $56.63
12
$5.59$33.75 $84.79
13
$5.59$33.75 $112.95
14
$5.59$33.75 $141.11
15
$5.59$33.75 $169.27
16
$5.59$33.75 $197.43
17
$5.59$33.75 $225.59
18
$5.59$33.75 $253.75
2009 INTERNATIONAL ENERGY CONSERVATION CODE
FOR NEW HOMES IN
SOUTH DAKOTA
One o the major barriers to energy code adoption across the country is the concern that newcodes will add to the purchase price and potential buyers will not be able to aord the homesthey want. In South Dakota, upgrading homes to the 2009 International Energy ConservationCode will actually reduce out-o-pocket expenses or homeowners – paying o their initialinvestment in a matter o months.For the average new home, BCAP estimates the costs o the new code will add a total o $1,294 in construction costs—an increase o only 0.5%. When this amount is rolled into theaverage mortgage, real costs to homebuyers will mean a down payment increase o $258.72,and $5.59 extra on monthly mortgage bills.These added mortgage costs will be oset, however, by monthly energy savings o $33.75,helping homebuyers pay o their initial investment in only nine months. Ater breaking evenin month nine, the home will return buyers a prot o $28 per month—or a total return o $336 every year. This return on investment is graphed below and presented as a balancesheet at right.
Cumulative Beneft
Monthly Benet:
+$28
Prot ater Year 1:
+$85
Energy Code Payback for South Dakota Single Family Homes
Monthly MortgageIncrease:
$6
Monthly EnergySavings:
$34
Down PaymentIncrease:
$259
01 72 8
9
3 4 10 11 125 6$100-$100-$200-$300
Month
This model assumes an average sale price of $267,451 for a
2,400 square foot home. The mortgage is conservavely set at30 years, with 20% down and the current average naonwideinterest rate of 5.05%. With a lower down payment—such as10% down—consumers will break even on their investment
even sooner.
Break Even
$ 2 8  pr of t  
 ever y  mont  h 
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