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Houston 2012 IECC True Cost_0

Houston 2012 IECC True Cost_0

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Published by: bcap-ocean on Apr 25, 2012
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10/15/2013

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2012 International Energy Conservation Code
Upgrading new homes in Houston, Texas to the 2012 International EnergyConservation Code (IECC) will reduce out-of-pocket expenses for homeowners –paying o their initial investment in a matter of months.
Energy Code Payback for Pennsylvania Single Family Homes
Break-Even Point
22 MONTHs$36.5913%$569.03
Annual Energy
Reducon2-year Profit5-year Profit
 The added mortgage costs will be oset by
monthly energy savings of $21,
 helping homebuyers pay o their initial investment in only twenty-two months.After breaking even during that time, the home will return buyers a
prot of $15per month
—for a total return of $177 every year. This return on investment isshown in balance sheet below.For the average new home, the 2012 IECC will only increase construction costs bya total of $1,622. When this amount is rolled into the average mortgage, realcosts to homebuyers will mean a down payment increase of only $324.58, and$6.21 extra on monthly mortgage bills.
MonthMortgageIncreaseMonthlyEnergy Savings1$324.58$21.00-$303.58 2$6.21$21.00-$288.79 3$6.21$21.00-$274.00 4$6.21$21.00-$259.21 5$6.21$21.00-$244.42 6$6.21$21.00-$229.63 7$6.21$21.00-$214.84 8$6.21$21.00-$200.05 9$6.21$21.00-$185.26 10$6.21$21.00-$170.47 11$6.21$21.00-$155.68  12$6.21$21.00-$140.89  19$6.21$21.00-$37.36 20$6.21$21.00-$22.57 21$6.21$21.00-$7.78 22$6.21$21.00$7.0123$6.21$21.00$21.8024$6.21$21.00$36.59
BREAK EVEN AND START EARNING $15 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
 
Houston, TX

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