How can I calculate the cost savings of having energy efficient options on my new home vs. traditional options?
We are building a new home through Brookfield Homes and they have a package for $48,000 for all the energy efficient options that are supposed to save us money on energy bills and be great for the environment. They include: Geo Thermal Loop for heating and cooling the house, wind turbine and batteries for storing energy for providing electricity for household items, solar tubes to heat water, solar photovoltaic panels to provide electricity for household items.
How can I objectively look and see if it is worth adding another $280 monthly to my mortgage in hopes that it lowers my power and gas bills each month?
IS IT WORTH IT? The house is about 3200 sq ft on 2 levels and 4200 sq ft when including the finished basement.
Take a look at what your energy consumption has been for the last few years. Chances are that the cost of energy will not be going down.
There may be tax advantages to have the cost as part of your mortgage rather than as a household expense.
The local utility company may be able to provide statistics of average energy use in similar sized homes with and without the upgrades.
Thin Film Solar vs. Crystalline Solar Panels - home applications
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