Last month we discussed the "useful life" of homes, including their finishes and systems. Even at significant expense, upgrading things beyond cosmetics can have enormous value in a market where buyers want “new”, without any work.
Energy saving, environmentally friendly solutions - many with tax rebates and credits thanks to the Inflation Reduction Act, are available and should be considered when making any home improvements. Here are just a few ideas.
HVAC Systems - According to the US EIA, approximately 43% of CT homes are heated with oil or other petroleum based products, the fourth highest usage of all states. Taking some time to research alternatives before your system requires replacement is prudent. Geothermal and solar systems have higher upfront costs, but offer tax savings and long-range benefits, including a healthier home & planet.
Driveway - skip concrete or asphalt, drive your new Electric Vehicle on GravelPave. This porous design is made of recycled polyurethane that holds the gravel in place while allowing water to seep into the ground. The system avoids the run off of traditional driveways that can cause erosion and flooding. Learn more about these invisible structures, perfect for driveways, parking lots and pathways
Induction Cooking - When it is time for a new appliance, improve your indoor air quality and gain efficiency by switching to an induction stove. 90% efficiency (compared to 40% for gas), means less heat in the kitchen and less demand for air conditioning. Did you know that a recent study showed 12.7% of childhood asthma is due to gas cooking? Learn more at Rewiring America.
Oh, and that charger for your new Tesla? You may qualify for a tax credit on its installation. Read more about the tax credits & rebates.