Whether you’re already in the market for replacement windows or you still believe your old windows are fine, some home window facts and stats may surprise you. A home’s windows are the main component in the comfort and energy efficiency of the house. Many homeowners don’t realize just how much money they lose with old, cracked, and inefficient windows. These five home window statistics might convince you to schedule window replacement in Ohio if you’re on the fence.
New Home Windows Can Save $465 in Energy Costs per Year
Products with the Energy Star stamp of approval provide optimal energy efficiency through features such as low-E glass, UV ray protection, maximum insulation, and leakproof seals. Buying Energy Star windows means upgrading your home with windows that prioritize energy savings. Your HVAC system won’t have to work as hard to keep your home at the correct temperature, and you won’t suffer from drafts or air leaks.
Energy Star windows can save a typical homeowner up to $465 per year when replacing single-pane windows. The average cost savings is $126 to $465 annually. When replacing double-pane windows, the average homeowner can save $27 to $111 per year. Your individual energy cost savings will vary according to your home, system, and location.
Replacement Windows Come With Up to $200 in Tax Credits
In February 2018, the federal government signed the Bipartisan Act, which renewed energy efficiency tax credits for homeowners that had expired in 2016. Homeowners who have already purchased windows are now eligible for tax credits, as are those who purchase residential renewable energy products through December 31, 2021. Homeowners can earn back 10% of the price of new windows (not including installation), up to $200. Both new and existing homes can qualify for the tax credit.
Modern Windows Can Boost Home Value By Hundreds of Dollars
Replacing your windows is one of the top affordable renovations to boost the value of your home. If you plan on reselling your home in the next decade, replacing your windows can help you list and sell your home for a higher price. Brand new, energy-efficient windows can attract more buyers and even result in a bidding war. New windows cost around $2,600 on average in Ohio, but homeowners can make up at least part of the cost in the new list price of the property.
New Home Windows Can Prevent Burglary
About 30% of burglars enter homes through unlocked windows and doors. Replacing old, thin, non-tinted windows with newer models can be a simple way to deter burglars and keep your home and family safe. New windows often have thicker glass, better seals, and stronger locking mechanisms for enhanced home security. Help reduce your risk of becoming the victim of burglary with replacement windows.
The “$189 Window” Can Really Cost You Over $300
Don’t be fooled by gimmicks like the “$189” window. Ultra-low prices are too good to be true. In reality, these are often just the base fee, before the company tacks on hundreds in installation and other costs. Even if you get your window for $189, you’ll end up spending hundreds over time in wasted energy, window repairs, and premature replacements. The high-quality installation will save you more money over time. Find out what replacement windows might cost you – request a free estimate.