Q: Are smart homes worth the money?

• <div><p><a href="https://www.angi.com/articles/smart-curb-appeal-automation-homebuyers-want.htm">Smart home upgrades can be worth the money</a>. Several upgrades, including smart thermostats and ceiling fans, can help reduce your energy bills. Others make life more convenient, freeing up your time to do what you love (or get more work done). And some smart home upgrades, such as entertainment systems, simply make life more enjoyable. All are worthy causes.</p></div>

Question 1

What other home improvement projects should I consider doing at the same time as installing a new furnace to improve energy efficiency?

Accepted Answer

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When installing a new furnace, it's a good time to consider other projects that can enhance your home's energy efficiency. A great first step is to get a home energy audit, which will identify areas for improvement. Common recommendations include sealing or replacing windows and adding insulation to the attic. These upgrades can help you save money on monthly utility costs. You might also consider installing a smart thermostat to make heating your home more convenient and efficient.

Question 2

Which SEER rating qualifies for tax credit?

Accepted Answer

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Homeowners may qualify for an HVAC tax credit if they install an ENERGY STAR®-certified HVAC system that exceeds the energy efficiency minimum standards:

Split-System AC: 16 SEER2
Packaged AC: 15.2 SEER2 and 11.5 EER2
Ducted Split Heat Pump: 15.2 SEER2, 7.8 HSPF2, and 11.7 EER2
Packaged Heat Pump: 15.2 SEER2, 7.2 HSPF2, and 10.6 EER2
Mini-Split System: 16 SEER2, 9 HSPF2, and 12 EER2

You can claim up to 30% of the cost of the job, subject to maximums.

Question 3

How much does a home energy audit cost?

Accepted Answer

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A home energy audit costs about $420 on average, with prices ranging from $100 to $2,250 or more. The final cost depends on factors like your home's size, location, the thoroughness of the audit, and the specific tests performed. A basic Level 1 walk-through inspection typically costs between $150 and $200, while a comprehensive Level 3 audit with detailed testing and a report costs around $900. Homeowners may be able to use the 2022 Inflation Reduction Act’s Energy Efficient Home Improvement credit to cover up to $150 of the audit cost.

Costs for common individual tests include:

Blower door test: $350
Duct testing: $100
HERS test: $375
HERS certification: $200
Infrared imaging: $200

Costs for common individual tests include:

Blower door test: $350
Duct testing: $100
HERS test: $375
HERS certification: $200
Infrared imaging: $200

Question 4

How can I get the highest possible appraisal for my property?

Accepted Answer

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While some aspects of an appraisal, such as comparable properties nearby, are out of your control, there are several steps you can take to potentially increase your home's value. Make any necessary repairs and upgrades before the appraiser's visit, as they can only value what is currently part of the home, not its potential. Examples include renovating older areas, updating landscaping to boost curb appeal, and staging your home. You can also provide the appraiser with the cost of recent upgrades, which may increase your home's value by about 50% or more of what you paid for those improvements.

Question 5

Are smart homes worth the money?

Accepted Answer

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Smart home upgrades can be worth the money. Several upgrades, including smart thermostats and ceiling fans, can help reduce your energy bills. Others make life more convenient, freeing up your time to do what you love (or get more work done). And some smart home upgrades, such as entertainment systems, simply make life more enjoyable. All are worthy causes.