Incremental Cost Analysis: 2012 IECC > True Cost of the 2012 IECC for New Homes in Virginia

True Cost of the 2012 IECC for New Homes in Virginia

Upgrading new homes in Virginia to the 2012 IECC will reduce out-of-pocket expenses for homeowners – paying off their initial investment in a matter of months. For the average new home, the 2012 IECC will only increase construction costs by $2,197. When this amount is rolled into the average mortgage, real costs to homebuyers will mean a down payment increase of only $440, and $8 extra on monthly mortgage bills. The added mortgage costs will be offset by monthly energy savings of $30.67, helping homebuyers pay off their initial investment in only 20 months. After breaking even during that time, the home will return buyers a profit of at least $22 per month – for a total return of $267 every year.

Originally published on: 

This page was last modified on: August 10, 2016