HighR ICF Specialist | Septic Contractor Grey County, Bruce County

Financial Analysis & Incentives for Insulated Concrete Forms



How a Cozy, Sustainable & Resilient Building Costs Less

- Borrower finances 100% of Building Upgrades - 4.25% 30-year mortgageTraditional Home & MortgageQuad-Lock Home & Energy-Efficient Mortgage
Energy, Resilience, IEQ Upgrade Costs --- $21,000
Home Value $300,000 $321,000
Down Payment $64,200 $64,200
Mortgage Amount $235,800 $256,800
Monthly Mortgage Payment (P & I) $1,160 $1,263
Monthly Heating & Cooling Cost $300 $150
Monthly Insurance Cost $150 $100
Total Monthly Payments $1,610 $1,513
MONTHLY SAVINGS -- $97

A much Better Building for Less with the upgrades paid for!

So even after paying for the additional cost of Quad-Lock and other matching upgrades, you're still saving over $1,000/year without even considering higher resale values, health, productivity, inflation, nor any incentives. Unfortunately the traditional construction-industry model has a serious flaw: usually construction is very focused on reducing First-Cost of a building without adequately addressing the much higher Operating Costs (nor Indoor Environmental Quality "IEQ") that the owner and occupants will have to bear for the long lifetime of the building. This conflicts with the goals of the owner/operator and inhabitants, who often aren't even aware that most buildings' Total Lifetime Operating Costs (60-95%) far exceed First-Cost (5-40%). To resolve the conflict, you should understand your Total Cost of Building Ownership using your own assumptions about future prices and values, so you can instruct the building team accordingly. In addition to the significant energy-savings of Quad-Lock building shells, many insurance companies now recognize that resilient construction greatly reduces the risks and premiums. In coastal and high-wind areas, those insurance savings alone can create enourmous value for building owners. Summing up the energy + insurance savings and the value of much longer expected life-cycles of reinforced concrete construction, the Total Cost of Building Ownership is usually lower than wood-frame construction, often by astounding amounts. Get much better indoor living comfort, health, safety & productivity while increasing your family's, firm's and community's net worth! Get a Free Comparative Cost Analysis In addition, local, state, and federal authorities and many electric utility companies provide incentives for highly energy efficient construction. Some of them and good resource sites are listed below for the USA and Canada.

Energy Efficient Mortgages for Owners

More and more lenders provide so-called "Energy Efficient Mortgages" (EEM). These mortgages recognize the fact that highly energy efficient homes cost less to operate. This in effect increases a borrower's income - money in your pocket or to qualify for higher mortgage amounts/shorter terms. Main Steps: Pre-qualify with an EEM Lender (see Dept. of Energy Listing) Evaluation of home's energy efficiency (e.g. inspection by a professional energy rater, see RESnet Rating Providers)

State and Local Programs

State and local energy programs provide various rebates, incentives, and credits for energy efficient construction to builders and owners. Since so many programs are available, start by contacting your State Energy Office at the DoE's State Energy Program (SEP) website. Also check the Database of State Incentives for Renewable Energy (DSIRE).

Electric Utility Programs

Also contact your local electric utility company to find out about any energy efficiency rebates, incentives and programs the company may offer for builders or owners. They have become extremely generous in many areas because these programs allow them to significantly delay multi-billion dollar infrastructure investments. The Database of State Incentives for Renewable Energy (DSIRE) is a good starting point.

A multitude of financial and other incentives are available in Canada for energy-efficient new construction and retrofits. A good place to start researching them is the Office of Energy Efficiency. Some of the programs are: Mortgage Loan Insurance Premium Refund Energy Efficiency in New Homes Energy Efficiency in New Commercial Buildings For more info, also refer to the OEE's Directory of Programs or the Incentives Database by Environment Canada, which also include provincial and municipal incentives. Also contact your local utility company to find out about any energy efficiency rebates, incentives and programs the company may offer for builders or owners. They have become extremely generous in many areas because these programs allow them to significantly delay multi-billion dollar infrastructure investments.