Does it make sense paying $8,000 to save $50/month in heating? - GoFuckYourself.com

Quotealex · 02-25-2007, 08:32 AM

I got this inspection report on the renovation I should be doing to reduced the energy cost on a house. The total of the renovation cost is around $8,000 and it will reduce energy cost by about $50 per month.

Would you spend that kind of money to save that little?

RedShoe · 02-25-2007, 08:39 AM

in 13 years that 8,000 investment will have barely paid for itself. Do you plan on living there for 13 years? Do you think that in 10 years there won't be better way to effeciently save energy costs?

8000 divided by 50 = 160. It will take 160 months to make up for the cost.

Or am I way off?

Angelo22 · 02-25-2007, 08:41 AM

I say you change house

Phoenix · 02-25-2007, 08:49 AM

dont forget about inflation ;)

also..is some of that cost able to be deducted from tax?

i mean do you work in your home?
ask your tax guy

Quotealex · 02-25-2007, 08:58 AM

Quote:

Originally Posted by RedShoe

Do you plan on living there for 13 years? Do you think that in 10 years there won't be better way to effeciently save energy costs?

I could see myself living there for 5 years; beyond that, who knows.

RawAlex · 02-25-2007, 10:19 AM

Two things. You have your initial cost (8000) and your initial savings ($50/month). Straight line says "takes forever to get your money back".

However, does that 8K investment improve the value of the house? if you did the work and then sold the house, would you get more money for the house as a result?

CDSmith · 02-25-2007, 10:31 AM

Quote:

Originally Posted by RawAlex

However, does that 8K investment improve the value of the house? if you did the work and then sold the house, would you get more money for the house as a result?

Key question right there.

Also, I'd advise you to look for programs that offer grants and discounts on this type of home improvement project. I know here in Manitoba right now there are several going on. I'm just about ready to start calling contractors for my rental house... will be at least a $20k project but will improve it greatly. Similar houses on that street sold for well over $200k recently, and since I only paid $68K for that house originally I should easily be able to recoup the cost and then some... that is if I ever sell. It's valuable revenue property.

SmokeyTheBear · 02-25-2007, 10:39 AM

heh i notice many people forget to factor in the environmental aspect..

If we keep doing everything with only the cheapest way it can be done in mind our kids are going to have the crappiest shithole to live in.

Tat2Jr · 02-25-2007, 10:42 AM

Quote:

Originally Posted by SmokeyTheBear

heh i notice many people forget to factor in the environmental aspect..

If we keep doing everything with only the cheapest way it can be done in mind our kids are going to have the crappiest shithole to live in.

Dvae · 02-25-2007, 11:04 AM

Quote:

Originally Posted by SmokeyTheBear

heh i notice many people forget to factor in the environmental aspect..

If we keep doing everything with only the cheapest way it can be done in mind our kids are going to have the crappiest shithole to live in.

Yes Alex, you must do it for the environment or we're all going to die, what were you thinking?
At least do it for the children.

Quotealex · 02-25-2007, 03:52 PM

Quote:

Originally Posted by RawAlex

However, does that 8K investment improve the value of the house? if you did the work and then sold the house, would you get more money for the house as a result?

I don't think I'd get more money for just from doing the work, I might get some of the money back if I'm lucky. People that can afford more expensive houses usually buy in other neighbourhoods....

96ukssob · 02-25-2007, 03:53 PM

now way. in 13+ years not worth it. IMO if it doesnt pay for itself in 1-3 years then look for an alternative

Quotealex · 02-25-2007, 04:03 PM

Quote:

Originally Posted by CDSmith

Also, I'd advise you to look for programs that offer grants and discounts on this type of home improvement project..

Here in Quebec, we have Hydro Quebec that give grants to replace manual thermostats with electronics ones,we are talking less than $100 in reimbursement here.

Sly · 02-25-2007, 04:16 PM

I'm assuming Canada has an energy department. You may want to see if they have any special grants or loans out. If a loan will let you swing under $50, it may be worth doing.

I really wouldn't do it unless the new unit would make your house more comfortable as well. Example: I would like to add insulation and new windows to my house. I don't think the savings will counter the expense, but it would make the house much more comfortable.

Regarding the environment, yes its true we should try to do what we can, but we also have to be realistic. One person spending $8k for a new unit is not going to make much of a difference. In 10 years, when the standard unit is much more energy efficient and cost efficient, then an actual difference would be made.

Very few people ride a bike instead of driving just to "save the environment". It just isn't practical.

rotterdammer · 02-25-2007, 04:44 PM

Quote:

Originally Posted by SmokeyTheBear

heh i notice many people forget to factor in the environmental aspect..

If we keep doing everything with only the cheapest way it can be done in mind our kids are going to have the crappiest shithole to live in.

very well spoken SIR!

Marleys88 · 02-25-2007, 07:05 PM

Quote:

Originally Posted by Alex from Montreal

I got this inspection report on the renovation I should be doing to reduced the energy cost on a house. The total of the renovation cost is around $8,000 and it will reduce energy cost by about $50 per month.

Would you spend that kind of money to save that little?

Well it really depends what kind of person you are.

Me, on the other hand, Fuck no. Spend 8 grand, to save 50 bucks that u would probably spend in 1 single day, no thanks.

woj · 02-25-2007, 09:25 PM

It's a poor investment unless:
a. you care about the environment
b. renovation would increase the value of the house significantly

tony286 · 02-25-2007, 10:25 PM

dont see the point myself

TheSenator · 02-25-2007, 10:38 PM

I am changing all my house hold bulds to energy effectient ones.

13 watt bulb = a 30 watt bulb
26 watt bulb = a 100 wat bulb

I am going green slowy.

skillfull · 02-25-2007, 10:40 PM

yeah what Alex say is true, i think your from Quebec or Canada, checkout with local electricity compagny (Hydro-Quebec here), they have A LOT of energy saving refund plan for investment like that

Quotealex · 02-26-2007, 05:13 AM

Quote:

Originally Posted by skillfull

yeah what Alex say is true, i think your from Quebec or Canada, checkout with local electricity compagny (Hydro-Quebec here), they have A LOT of energy saving refund plan for investment like that

I did check the Hydro-Quebec site, they reimburse a few dollars for termostats, light bulbs and "Energy Star" appliances. The appliances and the compact fluorescent bulbs, I already have; and for the termostats, I'll get less than $100 in reimbursement to put electronics termostats troughout the house.

I think their program is more for builders that make new houses and for industrial and commercial buildings. They give practicall nothing for old houses from what I see on their site!

themonk · 02-26-2007, 05:16 AM

n0 man do the math !

Quotealex · 02-26-2007, 05:16 AM

Quote:

Originally Posted by TheSenator

I am changing all my house hold bulds to energy effectient ones.

13 watt bulb = a 30 watt bulb
26 watt bulb = a 100 wat bulb

I am going green slowy.

My 15 watts mini compact fluorescent bulb egual a 60watt bulb and last for 10,000 hours.

Adultnet · 02-26-2007, 05:25 AM

Well 8,000usd is way too much to invest in such thing.

Quotealex · 02-26-2007, 03:59 PM

Quote:

Originally Posted by Adultnet

Well 8,000usd is way too much to invest in such thing.

Actually all the numbers are in Canadian dollars.

02-25-2007, 08:32 AM	#1
Quotealex Confirmed User Join Date: Sep 2001 Location: The Global Digerati Village Posts: 6,265	Does it make sense paying $8,000 to save $50/month in heating? I got this inspection report on the renovation I should be doing to reduced the energy cost on a house. The total of the renovation cost is around $8,000 and it will reduce energy cost by about $50 per month. Would you spend that kind of money to save that little?

02-25-2007, 08:39 AM	#2
RedShoe 赤い靴 call me 202-456-1111 Industry Role: Join Date: Feb 2001 Location: The Valley Posts: 14,831	in 13 years that 8,000 investment will have barely paid for itself. Do you plan on living there for 13 years? Do you think that in 10 years there won't be better way to effeciently save energy costs? 8000 divided by 50 = 160. It will take 160 months to make up for the cost. Or am I way off? __________________ SPECIALTY COSTUMES • PROPS • FX Superheroes • Monsters • Robots PM for details For any manufacturing needs. Adult or otherwise. aka BonsHigh on Insta Bonsai weed plants

02-25-2007, 08:41 AM	#3
Angelo22 Writer Industry Role: Join Date: Feb 2007 Posts: 3,123	I say you change house __________________ MAKE MORE MONEY FROM YOUR WEB TRAFFIC - 15% BONUS And contact me if you need high quality translating and writing work done - angelo22 (AT) gmail (DOT) com

02-25-2007, 08:49 AM	#4
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,469	dont forget about inflation ;) also..is some of that cost able to be deducted from tax? i mean do you work in your home? ask your tax guy __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io Last edited by Phoenix; 02-25-2007 at 08:50 AM..

02-25-2007, 10:39 AM	#8
SmokeyTheBear ►SouthOfHeaven Join Date: Jun 2004 Location: PlanetEarth MyBoardRank: GerbilMaster My-Penis-Size: extralarge MyWeapon: Computer Posts: 28,609	heh i notice many people forget to factor in the environmental aspect.. If we keep doing everything with only the cheapest way it can be done in mind our kids are going to have the crappiest shithole to live in. __________________ hatisblack at yahoo.com

02-25-2007, 10:19 AM	#6
RawAlex So Fucking Banned Join Date: Oct 2003 Location: In a house. Posts: 9,465	Two things. You have your initial cost (8000) and your initial savings ($50/month). Straight line says "takes forever to get your money back". However, does that 8K investment improve the value of the house? if you did the work and then sold the house, would you get more money for the house as a result?

02-25-2007, 03:53 PM	#12
96ukssob So Fucking Banananananas Industry Role: Join Date: Mar 2003 Location: If I was in your ass you'd know it Posts: 12,991	now way. in 13+ years not worth it. IMO if it doesnt pay for itself in 1-3 years then look for an alternative __________________ Email: Clicky on Me

02-25-2007, 04:16 PM	#14
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,359	I'm assuming Canada has an energy department. You may want to see if they have any special grants or loans out. If a loan will let you swing under $50, it may be worth doing. I really wouldn't do it unless the new unit would make your house more comfortable as well. Example: I would like to add insulation and new windows to my house. I don't think the savings will counter the expense, but it would make the house much more comfortable. Regarding the environment, yes its true we should try to do what we can, but we also have to be realistic. One person spending $8k for a new unit is not going to make much of a difference. In 10 years, when the standard unit is much more energy efficient and cost efficient, then an actual difference would be made. Very few people ride a bike instead of driving just to "save the environment". It just isn't practical. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.

02-25-2007, 09:25 PM	#17
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	It's a poor investment unless: a. you care about the environment b. renovation would increase the value of the house significantly __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

02-25-2007, 10:25 PM	#18
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	dont see the point myself

02-25-2007, 10:38 PM	#19
TheSenator Too lazy to set a custom title Industry Role: Join Date: Feb 2003 Location: NJ Posts: 13,340	I am changing all my house hold bulds to energy effectient ones. 13 watt bulb = a 30 watt bulb 26 watt bulb = a 100 wat bulb I am going green slowy. __________________ ISeekGirls.com since 2005

02-25-2007, 10:40 PM	#20
skillfull Confirmed User Industry Role: Join Date: Apr 2003 Location: Quebec Calisse Posts: 4,716	yeah what Alex say is true, i think your from Quebec or Canada, checkout with local electricity compagny (Hydro-Quebec here), they have A LOT of energy saving refund plan for investment like that __________________ mind at underdark dot cc SEO Analyst Thunder-Ball.net - Member

02-26-2007, 05:16 AM	#22
themonk Confirmed User Join Date: May 2006 Posts: 6,511	n0 man do the math ! __________________ 175$ Per Sale - The Best Sponsor

02-26-2007, 05:25 AM	#24
Adultnet Confirmed User Join Date: Sep 2003 Posts: 8,713	Well 8,000usd is way too much to invest in such thing. __________________ TrafficCashGold Paying Webmasters Since 1996! Awesome Conversions! Fast Weekly Payments! Over 125 Tours!