What Does It Cost?
The City of Holland has put together the Holland Energy Program, a great grant program that offers a 20% rebate on qualified equipment like replacement windows and doors as well as energy efficiency upgrades like improved home insulation and air sealing. When you combine the savings from the Holland Energy Program with other efficiency programs in Michigan, like utility incentives like Semco and BPW rebates, the savings can really add up!
Just how much can you save on insulation upgrades and other home improvement work with WMGB Home Improvement? Here are two scenarios to help you understand how much you could save on your project for home upgrades in your Holland, MI house by utilizing grants and rebates for home improvement.
Scenario 1: Typical $10,000 Home Improvement Project
In this scenario, the cost of your qualified home improvement project totals $10,000. Your property will be eligible for a 20% grant from the Holland Energy Fund (or $2,000) and $1,600 in rebates from the utility companies.
TOTAL: $10,000 home improvement project – $3,600 in grants & rebates = $6,400 in actual spend on the project.
Factoring in very conservative energy savings estimates of $300 per year after the improvement project is completed, you will reduce this total even further over 10 years.
TOTAL: $3,400 in actual spend on the project – $3,000 in energy savings over 10 years = $3,400 cost of the project.
With PEARL certification increasing home value by an average of 5%, a $150,000 house increases in value by $7,500.
End Result: Your project is a Net $0 for $10,000 worth of home improvements!
Scenario 2: Typical $30,000 Home Improvement Project
In this scenario, the cost of your qualified home improvement project totals $30,000. Your property will be eligible for a 20% grant from the Holland Energy Fund (or $6,000) and $3,000 in rebates from the utility companies.
TOTAL: $30,000 home improvement project – $9,000 in grants & rebates = $21,000 in actual spend on the project.
Factoring in very conservative energy savings estimates of $500 per year after the improvement project is completed, you will reduce this total even further over 10 years.
TOTAL: $16,000 in actual spend on the project – $5,000 in energy savings over 10 years = $16,000 cost of the project.
With PEARL certification increasing home value by an average of 5%, a $200,000 house increases in value by $10,000.
Your project is a Net $6,000 for $30,000 worth of home improvements!
Contact the Leading Insulation Contractor in Holland, MI to Learn More
If you are a resident of Holland, MI, who is interested in benefiting from rebates and grants for home improvement, we can explain which improvements qualify. The best way to get started is with a healthy home assessment and energy audit for your Holland, MI home, which under the Holland Energy Program is 100% free!
As your authorized Holland insulation contractor and Holland Home Energy Retrofit Program partner, WMGB Home Improvement has the local experience to maximize your home improvement savings, and would be happy to answer any questions you may have and provide a detailed quote. Contact us today at (616) 243-3700.
