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Illinois Cz4 2012 IECC True Cost

Illinois Cz4 2012 IECC True Cost

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Published by bcap-ocean

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Published by: bcap-ocean on Mar 29, 2012
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01/31/2014

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2012 International Energy Conservation Code
Upgrading new homes in Illinois’ Climate Zone 4 to the 2012 InternationalEnergy Conservation Code (IECC) will reduce out-of-pocket expenses forhomeowners – paying o their initial investment in a matter of months.
Energy Code Payback for Illinois Single Family Homes
Break-Even Point
7 13 MONTHs
$302.8819-20%$1,279.56
Annual Energy
Reducon2-year Profit5-year Profit
 The added mortgage costs will be oset by
monthly energy savings of $34-35,
 helping homebuyers pay o their initial investment in only seven to thirteenmonths. After breaking even during that time, the home will return buyers a
prot of at least $27 per month
—for a total return of $326 every year. This returnon investment is shown in balance sheet below.For the average new home, the 2012 IECC will only increase construction costs bya total of $958-1,775. When this amount is rolled into the average mortgage, realcosts to homebuyers will mean a down payment increase of only $192-355, and$4-7 extra on monthly mortgage bills.
MonthMortgageIncreaseMonthlyEnergy Savings1$355.03$33.92-$321.11 2$6.79$33.92-$293.98 3$6.79$33.92-$266.85 4$6.79$33.92-$239.72 5$6.79$33.92-$212.59 6$6.79$33.92-$185.46 7$6.79$33.92-$158.33 8$6.79$33.92-$131.20 9$6.79$33.92-$104.07 10$6.79$33.92-$76.94 11$6.79$33.92-$49.81 12$6.79$33.92-$22.68 13$6.79$33.92$4.4514$6.79$33.92$31.5815$6.79$33.92$58.7116$6.79$33.92$85.8417$6.79$33.92$112.9718$6.79$33.92$140.10
BREAK EVEN AND START EARNING $27 IN PROFIT EVERY MONTH.
CumulativeCost/Benet
For additional Incremental Cost Analysis, please visit
energycodesocean.org.
 This model assumes a 2,400 square foot home. The mortgage isconservatively set at 30 years, with 20% down and the current averagenationwide interest rate of 4.03%. With a lower down payment—suchas 10% down—consumers will break even on their investment evensooner.
FOR NEW HOMES IN
 
ILLINOIS
Climate Zone
4

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