How SIPs and Energy-Efficient Financing Upgrade Your Home

Turns out SIPs not only save money in energy costs, they also help you afford a nicer home! According to an article about financing energy-efficient homes on the U.S. Department of Energy’s website, an energy-efficient mortgage (EEM) can help you qualify for a more expensive home.

How does it work? To verify energy savings, EEM lenders consider the HERS rating from a home energy audit. The smaller the number on your HERS report the better—and homes built with Thermocore structural insulated panels consistently score lower on the HERS index. For instance, Bart Rynish of Barton Designs achieved a HERS rating of 35 with Thermocore SIPs, saving the homeowner hundreds of dollars per year on heating bills.

Lenders figure the less you spend on utility bills, the more you can afford for mortgage payments when you build, remodel, or refinance. Not only will you enjoy the comfortable temperatures, quiet, and sturdiness of your Thermocore SIPs home, you’ll relax in upgraded livings spaces thanks to energy-efficient financing.

How to Get Meaningful SIPs Cost Information

Every day we get calls from folks asking how much it costs to build with Thermocore SIPs. The answer: Much less than what you save on heating and cooling costs over the lifetime of your home or building project.

But in order to provide an accurate number for Thermocore’s customized structural insulated panels, we need to see some sort of building plan with dimensions. Without that, we can give the often-requested “rough ballpark price” for Thermocore SIPs, but it won’t supply the meaningful information you need.

Every journey begins with a map, and the map for your project is the building plan. Once we see your working drawing, we get a clear understanding of what’s involved and can identify any areas of concern. Your price quote will show dollar amounts broken out for structural insulated wall panels, structural insulated roof panels, delivery, and installation, then you choose the options that work best for your design goals and budget.

We never charge for quotes and usually get back to you within a day. All you need to provide is:

  • Footprint
  • Wall heights
  • Roof plan

We don’t need window and door sizes or other interior details. Even the roughest sketch with dimensions marked will save you time and provide the specific information you need for an accurate SIPs cost analysis.

Why SIPs Equal Multiplication

I’ve got a simple equation, even for those who hate math. Here’s the story: David Watters, owner of The Beamery, designed a 4,000 square-foot, two-level home in Nashville, Indiana. Built to Passive House standards with Thermocore insulated wall and roof panels, the home uses an 18,000 BTU heat pump as its only heating and cooling source. Throughout last summer, indoor temperatures stayed between 68 and 72 degrees.

First let me ask: How warm did your home get last summer? And how much air conditioning did that require?

Now let’s do the math on the home David designed. First the homeowners saved on initial costs. No expensive air conditioner. No furnace. Just a very small heat pump. That’s because structural insulated panels don’t need much help to keep indoor temperatures comfortable. Think of it as SIPs doing the heavy lifting so the heating and cooling system can sit back and relax.

Now let’s add in ongoing savings. Running an 18,000 BTU heat pump costs significantly less than a typical heating and cooling system—each and every month.

Bottom line, SIPs result in exponential savings. Read more about David’s Passive House and the press coverage it received. Then consider how much your savings could multiply with SIPs.

How Will Adding HERS Scores to the MLS Affect the Housing Market?

This is a great question posed in a recent news article. There has been a national push to include Home Energy Rating System (HERS) Index scores in real estate listings (often referred to as the Multiple Listing Service, or MLS). In essence, a home’s energy performance will be included along with the number of bedrooms and bathrooms. That’s the equivalent of putting the yellow ENERGY STAR rating sheet, commonly seen on appliances, onto your home.

Why is this important? Energy costs directly affect your monthly cash flow and your ability to pay your mortgage. Knowing these costs and how they compare to other homes in the area helps identify the best deal and allows homeowners to budget all their expenses.

Most importantly, the HERS rating will help recoup the money you spend on energy-efficient construction. Items like LED lighting and energy-efficient appliances have no effect; a HERS rating only reflects heating and cooling expenses—the major costs in home ownership. Unlike other eye-candy types of upgrades, investments in energy-efficient construction can now be measured and shown as an asset to a home’s value.

The easiest and most cost-effective way to improve a home’s HERS rating—and increase resale value—is to lower energy demand. Of course, one of the easiest and most cost-effective ways to lower demand is to build with structural insulated panels (SIPs) like Thermocore.