Do Replacement Windows Really Save You Money?

If you’re debating whether or not to invest in replacement windows for your Winnipeg, MB home, you’ve probably thought a lot about the cost. A lot of replacement window businesses and contractors claim that investing in replacement windows will save you a lot of money on your energy bills, and can even recoup your initial investment. But is this true?  

 

The best place to start is with hard data. A 2009 Energy Star study shows that homeowners can save at least $27 a year on their energy bills if they replace their windows with new, more energy efficient models.  Homeowners that have single pane windows and replace them with double pane, Energy Star rated windows can save between $126 and $465 in savings every year, while homeowners with double paned windows already will only see $111 in energy bill savings. That’s a pretty decent amount of savings.  

 

However, considering that replacement windows cost $300 to $700 on average per window, it’s safe to say that you most likely wont recoup your replacement window investment in energy savings alone. For example, an average three bedroom, two-story home with 10 windows will cost from $3,000 to $7,000 for all new replacement windows, and at most the owner can expect $465 in energy savings.  

 

It’s also important to note that you don’t always have to replace your windows to see improvements in your energy usage and spending. A California Office of Historic Preservation study found that homeowners thought that replacing their windows was their only option, and were pressured to do so, when in actuality, repairing existing windows can help you save money, too. Repairing existing windows can cost as low as $50 per window. Depending on the state of your window, repair is a great way to increase energy efficiency and save money all at the same time.  

 

If you don’t have it in the budget to replace your windows this year, or your window problems can be fixed by repair, here are some other ways you can make your home more energy efficient: 

  • Window insulation, like plastic coverings, sealant, or foam 

  • Checking your home for leaks, including in heating and cooling ducts, doors and cracks  

  • Upgrading your home’s insulation (may also make you eligible for a tax credit) 

 

But, sometimes your windows are beyond repair and need to be replaced for energy efficiency and safety. While money is important, it shouldn’t be the only factor when you decide whether or not to replace your windows. If your windows need to be replaced, don’t wait until the problems get any worse.  

 

If you want to learn more about energy efficiency, replacement windows and money, Pioneer Window & Door Mfg Ltd can help. Please stop by our showroom located at 3224 Portage Ave Winnipeg, MB R3K 0Y8 to see us in person. You can also give us a call at  (204) 889-8422 to learn more about what we can do for you and your Winnipeg, MB replacement windows 

Menu