The Senate Has an Easy Decision on Energy Efficient Homes
Let’s say you’re in the market for a new cell phone.
One store is offering a great price of $50, but it comes with a bill of $100 per month. The store next door is charging $100 upfront but the monthly fees are just $50 per month. Most people would choose option two. You’d break even in the first month, and save $550 over the course of the first year.
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Consumers face a similar dynamic when buying a house. The biggest expense after the mortgage payment is usually the energy bill. Drafty, leaky and poorly insulated homes cost a lot of money to heat and cool – the average monthly utility bill is about $225. An upfront investment of a couple of thousand dollars in insulation and other energy efficiency upgrades during construction can deliver huge savings.