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Are you Saving Energy? For every $1 saved per year on utility bills, the value of a home grows by an estimated $20.00, according to the Appraisal Institute.
A study conducted by the Institute shows that homeowners can realize short-term savings by purchasing energy-efficient products, and they can also recover the cost of the investment once they sell. Homebuyers tend to spend more money for an energy-efficient home if energy savings are expected to offset higher mortgage-interest costs.
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That means annual energy savings of $420.00 can boost a property's market value by $8,400.00.
