Illinois Cz4 2012 IECC True Cost

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  • 8/2/2019 Illinois Cz4 2012 IECC True Cost

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    2012 International Energy Conservation Code

    Upgrading new homes in Illinois Climate Zone 4 to the 2012 International

    Energy Conservation Code (IECC) will reduce out-of-pocket expenses for

    homeowners paying o their initial investment in a matter of months.

    Energy Code Paybackfor Illinois Single Family Homes

    Break-Even Po7 13 MONTH

    $302. 88

    1 9 - 2 0 %

    $1 , 279. 5

    Annual Energy

    Reducon

    2-year Profit

    5-year Profit

    The added mortgage costs will be oset by monthly energy savings of $34-35,

    helping homebuyers pay o their initial investment in only seven to thirteen

    months. After breaking even during that time, the home will return buyers a

    prot of at least $27 per monthfor a total return of $326 every year. This return

    on investment is shown in balance sheet below.

    For the average new home, the 2012 IECC will only increase construction costs by

    a total of $958-1,775. When this amount is rolled into the average mortgage, real

    costs to homebuyers will mean a down payment increase of only $192-355, and

    $4-7 extra on monthly mortgage bills.

    MonthMortgageIncrease

    MonthlyEnergy Savings

    1 $355.03 $33.92 -$321.11

    2 $6.79 $33.92 -$293.98

    3 $6.79 $33.92 -$266.85

    4 $6.79 $33.92 -$239.72

    5 $6.79 $33.92 -$212.59

    6 $6.79 $33.92 -$185.46

    7 $6.79 $33.92 -$158.33

    8 $6.79 $33.92 -$131.20

    9 $6.79 $33.92 -$104.07

    10 $6.79 $33.92 -$76.94

    11 $6.79 $33.92 -$49.81

    12 $6.79 $33.92 -$22.68

    13 $6.79 $33.92 $4.45

    14 $6.79 $33.92 $31.58

    15 $6.79 $33.92 $58.71

    16 $6.79 $33.92 $85.84

    17 $6.79 $33.92 $112.97

    18 $6.79 $33.92 $140.10

    BREAK EVEN AND START EARNING $27 IN PROFIT EVERY MONTH.

    CumulativeCost/Benet

    For additional Incremental Cost Analysis, please visit energycodesocean.org.

    This model assumes a 2,400 square foot home. The mortgage is

    conservatively set at 30 years, with 20% down and the current averag

    nationwide interest rate of 4.03%. With a lower down paymentsuch

    as 10% downconsumers will break even on their investment even

    sooner.

    FOR NEW HOMES

    ILLINOISClimate Zone 4

  • 8/2/2019 Illinois Cz4 2012 IECC True Cost

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    R-

    Homes are the biggest investment we makeand everyone deserves a home that

    meets national minimum energy eciency standards. While its true that

    homeowners can always improve the eciency of their homes, it is far more

    cost-eective to upgrade building components during construction, putting in

    better windows or swapping out one grade of insulation for a better one. Heres

    what buyers get with the 2012 IECC:

    For additional Incremental Cost Analysis,

    please visit energycodesocean.org

    High-efficiency Ligh

    CLIMATE ZON

    $ 2 5

    Hot Water Insulaon

    Addional Upgrades:

    Increased Sealing at Air Handlersand Furnaces

    $ 1 0 0

    $ 1 0

    Improved Bathroom Venlaon $ 1 0HVAC System Savings $ 8 1+

    $6 0 1 - 1 , 4 1 8WALL

    $4 9 7 CEILING

    Insulaon Upgrades

    Whole-house Sealin

    $27 profit every monthHomes built to the 2012 IECC could yield a

    and $9,400 over 30 years.

    2012 ENERGY CODE Payback:

    $ 3 5 0

    and Tesng

    FOR NEW HOMES IN

    ILLINOISClimate Zone 4