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Pennsylvania Cz4 2012 IECC True Cost_0

Pennsylvania Cz4 2012 IECC True Cost_0

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Published by: bcap-ocean on Mar 29, 2012
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10/15/2013

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2012 International Energy Conservation Code
Upgrading new homes in Pennsylvania’s 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.
FOR NEW HOMES IN
 
Pennsylvania
Climate Zone
4
Energy Code Payback for Pennsylvania Single Family Homes
Break-Even Point
18 29 MONTHs
$718.8116-17%$2,099.58
Annual Energy
Reducon5-year Profit10-year Profit
 The added mortgage costs will be oset by
monthly energy savings of $35.95,
 helping homebuyers pay o their initial investment in only eighteen totwenty-nine months. After breaking even during that time, the home will returnbuyers a
prot of $23 per month
—for a total return of $276 every year. Thisreturn on investment is shown in balance sheet below.For the average new home, the 2012 IECC will only increase construction costs by$2,428-3,375. When this amount is rolled into the average mortgage, real costs tohomebuyers will mean a down payment increase of no more than $675, and $13extra on monthly mortgage bills.
MonthMortgageIncreaseMonthlyEnergy Savings1$674.90$35.95-$638.95 2$12.94$35.95-$615.93 3$12.94$35.95-$592.92 4$12.94$35.95-$569.91 5$12.94$35.95-$546.90 6$12.94$35.95-$523.88 7$12.94$35.95-$500.87 8$12.94$35.95-$477.86 9$12.94$35.95-$454.84 10$12.94$35.95-$431.83 11$12.94$35.95-$408.82  12$12.94$35.95-$385.81  25$12.94$35.95-$84.64 26$12.94$35.95-$63.63 27$12.94$35.95-$40.61 28$12.94$35.95-$17.60 29$12.94$35.95$5.4130$12.94$35.95$28.42
BREAK EVEN AND START EARNING $23 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.

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