May 3, 2007 - May Is National Home Remodeling Month
“It’s not just feeling good about the environment, but feeling good in your pocket book,” said NAHB Remodelers Chair Mike Nagel, CGR, CAPS, a remodeler from Chicago. “Green remodeling offers tangible benefits for consumers, including significant savings on utility bills.”
According to the U.S. Department of Energy, homeowners can save $600 or more per year on utility bills by upgrading appliances, windows and insulation to Energy Star®-rated products.
Homeowners can also save money on their water bills by retrofitting their homes with water-efficient fixtures - saving up to $175 annually according, to the Environmental Protection Agency’s WaterSense program. Examples include aerators for faucets, tankless water heaters and low-flow or dual-flush toilets.
“In some older homes, the costs for these upgrades can be completely offset by the savings on the utility bill,” Nagel continued.
The federal government also offers a $500 tax credit for energy-efficient windows, doors, insulation, HVAC and other upgrades. The credit expires at the end of 2007.