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TRUE COST OF OWNERSHIP
| |
Standard new home
|
Same home with
energy improvements
|
|
Home price
80% mortgage, 6% interest
|
$300,000 |
$305,000
|
Loan amount
|
$240,000 |
$244,000 |
Monthly payment*
|
$1,439 |
$1,463 |
Energy Bills
|
+$269 |
$149 |
True monthly living cost
|
$1,708 |
$1,612 |
Monthly Savings
|
- |
$120/mo |
Yearly Savings
|
- |
$1,437/yr |
|
*Based on principle and interest only, do not include taxes and insurance. Values are for example only and will vary.
SOURCE: "Energy Efficient Mortgage Home Owners Guide," Federal Citizen Information Center and Appalachian Power
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You
want to get the most house for the money. That means you should not
only be able to afford our homes, but you should be able to afford to
live in them too. In addition to a monthly mortgage, homeowners pay for
utilities, maintenance and repair. A durable, energy-efficient home can
be more economical and affordable even if the purchase price is higher
or the same as a home built with standard construction.
To the right is an example of the true cost of ownership of a standard new home versus the same home with energy improvements.
Below is a sample of the energy savings you will experience of a Green
Valley Builders home versus a home built to typical construction
standards.
Want to compare your home? Just click here to visit AEP's home energy calculator. Let us know how your home stacks up!
SAMPLE ENERGY SAVINGS
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