A look at the latest ways to reduce dependence on the grid and what types of savings they bring.
Going green is a long-time trend that is only getting stronger. A 2013 study by McGraw-Hill Construction showed that 55% of respondents were interested in green homes for the health and cost benefits. As demand rises, homebuilders are introducing innovative ways to save energy and money, while adding convenience. “Net zero” homes create enough renewable energy to counterbalance what you use, while “net positive” homes are so efficient that homeowners can sell surplus energy to their local power company or store it for later.
Some of these renovations can be costly, so think of them as investments that not only save or generate energy, but also add to your home’s resale value. Even better? Many of these upgrades are eligible for government tax incentives, rebates and credits (energystar.gov and dsireusa.org). Also, talk to your financial and tax advisors about the cost and after-tax value of potential renovations.
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