Cost effectiveness of the 1993 model energy code in New Jersey Page: 4 of 33
This report is part of the collection entitled: Office of Scientific & Technical Information Technical Reports and was provided to UNT Digital Library by the UNT Libraries Government Documents Department.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
Summary
This report documents an analysis of the cost effectiveness of the Council
of American Building Officials' 1993 Model Energy Code (MEC) building
thermal-envelope requirements for single-family houses and multifamily
housing units in New Jersey. The goal was to compare the cost
effectiveness of the 1993 MEC to the alternate allowed in the 1993 Building
Officials & Code Administrators (BOCA) National Energy Conservation
Code-American Society of Heating, Refrigerating, and Air-Conditioning
Engineers (ASHRAE) Standard 90A-1980--based on a comparison of the
costs and benefits associated with complying with each. This comparison
was performed for four cities representing the range of New Jersey
climates-Camden, New Brunswick, Somerville, and Sparta.
The analysis was done for two different scenarios: a "move-up" home
buyer purchasing a single-family house and a "first-time" financially limited
home buyer purchasing a multifamily unit. For the single-family home
buyer, compliance with the 1993 MEC was estimated to increase first costs
by $1028 to $1564, resulting in an incremental down payment increase of
$206 to $313 (at 20% down). The time when the homeowner realizes net
cash savings (i.e., net positive cash flow) for houses built in accordance
with the 1993 MEC was from 1 to 5 years. That is, the home buyer who
paid 20% down had recovered increases in down payments and mortgage
payments in energy cost savings by the end of the fifth year or sooner and
thereafter will save more money each year.
For the multifamily unit home buyer, compliance with the 1993 MEC is
much less expensive. First costs were estimated to increase by $121 to
$223, resulting in an incremental down payment increase of $12 to $22 (at
10% down). The time when the homeowner realizes net cash savings (i.e.,
net positive cash flow) for houses built in accordance with the 1993 MEC
was 1 to 3 years.iii
Upcoming Pages
Here’s what’s next.
Search Inside
This report can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Report.
Lucas, R. G. Cost effectiveness of the 1993 model energy code in New Jersey, report, September 1, 1995; Richland, Washington. (https://digital.library.unt.edu/ark:/67531/metadc620546/m1/4/: accessed March 28, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.