Open AccessIowa Energy and Cost Savings for New Single- and Multifamily Homes: 2012 IECC as Compared to the 2009 IECC
Author(s) -
Robert G. Lucas,
Zachary T. Taylor,
Vrushali V. Mendon,
Supriya Goel
Publication year - 2012
Language(s) - English
Resource type - Reports
DOI - 10.2172/1044496
Subject(s) - cash , business , economics , natural resource economics , agricultural economics , finance , environmental economics , actuarial science
The 2012 International Energy Conservation Code (IECC) yields positive benefits for Iowa homeowners. Moving to the 2012 IECC from the 2009 IECC is cost effective over a 30-year life cycle. On average, Iowa homeowners will save $7,573 with the 2012 IECC. After accounting for upfront costs and additional costs financed in the mortgage, homeowners should see net positive cash flows (i.e., cumulative savings exceeding cumulative cash outlays) in 1 year for the 2012 IECC. Average annual energy savings are $454 for the 2012 IECC