New York Incremental Cost
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Transcript of New York Incremental Cost
8/7/2019 New York Incremental Cost
http://slidepdf.com/reader/full/new-york-incremental-cost 1/2
MonthMortgageIncrease
MonthlyEnergy Savings
Cu u vC s /B f
1 $167.16 $21.58 $145.58
2 $3.61 $21.58 $127.61
3 $3.61 $21.58 $109.64
4 $3.61 $21.58 $91.67
5 $3.61 $21.58 $73.70
6 $3.61 $21.58 $55.73
7 $3.61 $21.58 $37.768 $3.61 $21.58 $19.79
9 $3.61 $21.58 $1.82
10 $3.61 $21.58 $16.15
11 $3.61 $21.58 $34.12
12 $3.61 $21.58 $52.09
13 $3.61 $21.58 $70.06
14 $3.61 $21.58 $88.03
15 $3.61 $21.58 $106.00
16 $3.61 $21.58 $123.97
17 $3.61 $21.58 $141.94
18 $3.61 $21.58 $159.91
2009 INTERNATIONAL ENERGY CONSERVATION C
FOR NEW HOMES IN
NEW YORK
One o the major barriers to energy code adoption across the country is the concern that newcodes will add to the purchase price and potential buyers will not be able to a ord the homesthey want. In New York, upgrading homes to the 2009 International Energy ConservationCode will actually reduce out-o -pocket expenses or homeowners – paying o their initialinvestment in a matter o months.
For the average new home, BCAP estimates the costs o the new code will add a total o $836in construction costs—an increase o only 0.3%. When this amount is rolled into the averagemortgage, real costs to homebuyers will mean a down payment increase o $129.22, and$2.80 extra on monthly mortgage bills.
These added mortgage costs will be o set, however, by monthly energy savings o $21.58,helping homebuyers pay o their initial investment in only ten months. A ter breaking evenin month ten, the home will return buyers a pro t o $18 per month— or a total return o $214 every year. This return on investment is graphed below and presented as a balancesheet at right.
Cumulative BeneftMonthly Bene t: +$18
Pro t a ter Year 1:+$52
Energy Code Payback for New York Single Family Homes
Monthly MortgageIncrease: $4
Monthly EnergySavings: $22
Down PaymentIncrease: $167
-$50
0
1 72 8 93 4 10 11 125 6
$50
$100
-$100
-$150
-$200Month
This model assumes an average sale price of $267,451 for a2,400 square foot home. The mortgage is conserva vely set at30 years, with 20% down and the current average na onwideinterest rate of 5.05%. With a lower down payment—such as10% down—consumers will break even on their investmenteven sooner.
Break Even
$ 1 8 pr of t ever y mont h
8/7/2019 New York Incremental Cost
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Homes are the biggest investment we make—and everyone deserves a home that meets national minimum energy efciency standards. While it’s truethat homeowners can always improve the efciency o their homes, it is ar more cost-e ective to upgrade building components during construction,putting in better windows or swapping out one grade o insulation or a better one. Here’s what buyers get with the 2009 IECC:
For the ull Incremental Cost Analysis study, please visit bcap-ocean.org
2009 INTERNATIONAL ENERGY CONSERVATION C
L gh g:$50
Payback Period
10 months
2-y r Pr f
$267.73
A u E rgy R duc
13-14%
5-y r Pr f
$914.65
2
5Climate Zone 4u- actor: .4 a .35 window
Climate Zone 6 insulation
r-value: 19 a 20 frame wall
Climate Zone 5 insulation
r-value: 19 a 20 frame wall
Duct Sealing andT s g: $350ProgrammableTh r s : $50
Window UpgradesClimate Zone 4: $216
I su Upgr d sClimate Zone 5: $434Climate Zone 6: $421