Is My Old Vinyl Siding Increasing Electric Bills

For the same time period in 2012 my electric bills were only 647 00.

Is my old vinyl siding increasing electric bills.

Vinyl siding is a great way to not only make a huge impact on the appearance of a home but also increase its overall value. I was curious as to how much savings i would see in my electric bill so i did some comparing. Value report replacing siding increases home value by 76 7 of the project cost. For a 3 month time period from january to march 2011 prior to the installation of my new siding my electric bills totaled 1 350 00.

Dust reappears every week on the furniture the grass is always growing back on the lawn and laundry has a way of sprouting up everywhere too. Many things around the house require constant upkeep. Find out why below. Replace your old toilets with low flow fixtures.

Homeowners cannot take a tax credit for vinyl siding but they can take a residential energy credit at the federal level if they purchase vinyl siding insulation. These upgrades can help. Vinyl siding keeps the cold air outside of the house during the winter while making sure it blocks the intense heat and uv rays from the sun during the summer time. If unnecessary gusts of wind enter your home your furnace or boiler will work that much harder thus increasing your utility bills.

Other than water siding also protects against wind. Whether you re planning to remain in this home until your retirement or you re upgrading old siding before selling your home james hardie siding. For a mid sized project valued at 15 072 you can recoup 11 554. Re siding with vinyl is estimated to increase your home s value by 78 2 of the project s cost.

In addition to making your home warmer and causing your utility bills to spike this increase in temperature can make vinyl siding more prone to warping rendering it less effective against the elements and potentially subjecting the wood or framing underneath to water damage although using newer vinyl safe paint can help mitigate this issue. Inspirational ideas and expert advice from bob vila the most trusted name in home improvement home renovation home repair and diy. The nahb notes the average price buyers would pay upfront to save 1 000 per year in utility costs rose from 7 095 in 2012 to 10 732 in 2015. The united states government offers tax credits to homeowners for energy efficiency in order to reduce homeowners utility bills increase energy independence and to lower pollution.

During those cold winter months proper insulation is vital to your heat and energy bills. Siding is made to last. According to remodeling magazine s 2018 cost vs. Being an excellent insulator vinyl sidings lets homeowners who use it save more money and spend less on their monthly electricity bills.