If you’re remodeling your home, you might be thinking about replacing those drafty and hard-to-open windows, but how do you know when the investment is worth it? The answer depends on the age of the house, your utility bills, and a number of other factors.
- Expect to pay $250-$700 for each replacement window you can put inside an existing window frame. Double- and triple-glazed windows, or those filled with argon gas, increase energy savings and cost a little bit more. If you buy an Energy-Star rated window, however; it will more than pay for itself in long-term energy-cost savings.
- If the window frames are rotting, warped, or damaged, then the window installer must re-build the entire frame. Not surprisingly, such a process takes longer and costs as much as 50% to 100% more. Experts estimate that rebuilding a window in a typical house would cost $350 to $1,400 per window.
- If your windows are old and drafty, then replacing them could save you as much as 25% on your utility bills. An energy audit by a trained professional can help you figure out how much you can save. An audit can tell you how much air and heat escape through your existing windows. Then look at your utility bills. How long would it take you to recoup the cost of the windows?
- Energy-efficient windows can also reduce the demands on heating and air-conditioning equipment. During a home renovation, that would allow you to install smaller pieces of equipment that cost less to purchase and operate.
- Remember to factor in intangible benefits, such as a more comfortable and up-to-date house. And new windows can increase the resale value of the house.
Now is a particularly good time to get new windows. Through the end of 2010, you can deduct up to $1500 from your taxes for energy-efficient improvements to your house, including new windows.
