In a few months, our newest branch in Trinity will open as Achieva Credit Union’s first net-zero branch. It could be the first of many and undoubtedly comes after many hours of careful planning. The news makes a lot of our members wonder about their own ways to go green. Would a zero energy home remodel make sense? Is it affordable?
In this article, we explore the details in-depth. We’ll discuss ways to finance a zero energy home remodel and the long-term benefits related to the earth-friendly investment.
Why build a net-zero branch?
First, let’s uncover the science behind it. By using a 72-panel solar array, Achieva’s 23rd branch expects to generate enough energy to cover its consumption each year. Though construction started earlier this year, we foresee completion in September of 2020.
Achieva has built a reputation for innovative leadership. As we continue with branch expansions, it’s smart to integrate energy-producing technologies within the builds.
How to convert a home to net-zero
Let’s say you want to upgrade your living space to be more energy efficient. Here are the basic steps:
1. Enhance your home’s mechanical systems.
2. Bring the basement and crawlspace inside of the house.
3. Super-insulate and air-seal the roof.
4. Replace all of your home’s windows.
5. Insulate the walls.
6. Upgrade appliances to Energy Star.
7. Add renewable-energy sources such as solar panels.
Solar panel installation averages between $15,000 to $25,000. Additionally, the cost is calculated before any tax credits and incentives. Multiple studies have shown that homes with solar panel systems are valued at prices above similar homes in their area. Most homeowners state reasons for converting to a zero energy home is because the monthly savings will eventually offset the cost of installation.
Ways to fund a zero energy home remodel
As with any home improvement, there are several ways to find funding to tackle the task. One way would be to apply for a HELOC, while another alternative would be to refinance. Refinancing requires you to replace your current mortgage with new terms; however, a home equity line of credit lets you keep your first mortgage exactly how it is.
It all boils down to which option makes the most financial sense for you. Keep in mind that converting to a net-zero home will eliminate energy expenses and provide increased environmental balance in the long run.
If you have questions about funding home improvements, like a zero-energy home remodel, call 727-499-0857. Our customer service reps will assist by explaining all of your available options. Not only do we look forward to speaking with you, but we also hold on to the hope of a more sustainable future.
Stay tuned for updates regarding our Trinity Branch or visit the Achieva Credit Union Facebook Page for continued details.
