alt Hacker NewsIn the short term the math is usually bad. Can be a 20, 30, 40 year payback on insulation. For the builder? It’s almost for sure a loss unless he can play the green card. For any individual owner? They are likely to leave before they recoup a project like this. Appraisals on houses are price per square foot with a bedroom and bathroom modifier. Until people start pricing in energy efficiency in homes, say a price multiple of 0.8 to 1.2 based on the efficiency of the home? It’s going to be hard to math out. Which yes is sad.
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> Can be a 20, 30, 40 year payback on insulation. For the builder?
In the UK, houses have energy ratings, which are largely not that useful, but they do allow estimated annual running charge.
The house that I live in we moved in and were spending ~1.7k on gas a year.
We needed to re-render the place, because it has a few missing pieces. we spent the extra £4 to put in 90mm of external wall insulation. We also had to replace the glazing. It was cheaper to get triple glazing (for some reason), however the results of that was that it was 6degrees warmer in winter, and 10 degrees (celcius) cooler in summer. Even with gas prices doubling, we spend about £70 on hotwater and heating.
Maybe a law forcing disclosure of average heating/cooling bills in the listing would do the trick?
That's an appraisal problem. Even cars are valued on more things but they do have mpg plastered everywhere.
I live in a moderately cold area and pay less than $2000 a year to heat a ~2000 square foot home. So something that improves the efficiency of the building would have to have a pretty low cost to even pay back at all.
There's probably a few lower cost things that I am overlooking, to the tune of netting out a few hundred dollars of savings after however many years they took to pay back.