Rocky Mountain Power Rate Increase

Rocky Mountain Power has requested an 11% rate increase (if approved, this would add about $4.50/month or $54.00/year to our electric bills). While this is down from their original request of a 13.7% increase, it’s still just the first of many, annual rate increases RMP says they’ll need to keep up with our growing demand for electricity.

Utah enjoys one of the lowest rates in the country (8.51 cents/kilowatt hour compared to a national average of 11.93 cents). And, for those who care about air quality and environmental issues, 82% of Utah’s electricity comes from coal.  What if RMP put the rate increases towards renewable energy sources such as solar and wind?

This increase is just one more reason for homeowners to consider making their homes more energy efficient. With most homes “leaking” air to the outside by a rate of more than 50% per hour, homeowners are paying to cool (and heat) their neighborhoods! And, for at least a few more months, homeowners can take advantage of a $2,000 rebate the state of Utah is offering for energy efficient upgrades (Utah Home Performance with Energy Star program).

 

Salt Lake City – #7 for Real Estate Investors

In a recent Inman News study, Salt Lake City, Utah ranked #7 in the nation for real estate investors. The rankings were based on data such as local unemployment, home sales, affordability and percentage of distressed properties.

According to SmartZip data, homes in Salt Lake City are expected to appreciate 41.1 percent in the next 10 years. In part due to the anticipated increase in population and the fact that housing starts aren’t keeping up with this increase (we’re expecting to add 1.5 million people by 2040).

Programmable Thermostats – A Simple Way to Save

You can save up to 10% a year on your heating and cooling bills by simply turning your thermostat back 10% to 15% for eight hours. You can do this automatically by installing an automatic setback or programmable thermostat.

Using a programmable thermostat, you can adjust the times you turn on the heating or air-conditioning according to a preset schedule. As a result, the equipment doesn’t operate as much when you are asleep or when the house, or a part of it, is not occupied.

Programmable thermostats can store and repeat multiple daily settings (six or more temperature settings a day) that you can manually override without affecting the rest of the daily or weekly program. When shopping for a programmable thermostat, be sure to look for the ENERGY STAR label.

Excerpted from U.S. Department of Energy.

Home Energy Audit – Save Money, Be More Comfortable

As an Energy Consultant with DwellTek Home Energy Solutions, I’m often asked about the process of having an Energy Audit performed on a home. This video showing what goes on during a  Home Energy Performance Assessment does a great job of summing it all up. It’s 3 1/2 minutes long, but well worth the time.

After watching, please contact me to find out how YOUR home can be made more comfortable, and start saving money today!

Utah Home Performance with ENERGY STAR®

Who doesn’t want to save money AND be more comfortable?

Your home may qualify for a $2,000 grant, as well as other rebates and tax incentives.

If you’ve considered replacing, now or in the future, any of the following:

  • Windows
  • Insulation
  • Roof
  • Furnace
  • Air Conditioner
  • Water Heater

…then this grant may help pay for your upgrades!

Utah Home Performance with ENERGY STAR® Participation Requirements:

  • Your home must be built prior to 2000
  • Your home must be owner-occupied
  • A 20% energy savings must be achievable in your home

Why Participate?

  • Save money on energy costs
  • Improve the comfort level of your home by eliminating drafts
  • Increase the value of your home by investing in energy efficiency upgrades

FACT: The average home in the U.S. spends more than $2,300 in home energy costs and emits an average of 14,500 lb. of carbon dioxide per year.

FACT: The Department of Energy reports that residential building energy use represents 36% of U.S. electricity consumption, and is the nation’s largest source of carbon emissions.

Contact me today to learn more about the program, and to begin saving money while feeling more comfortable in your home. This grant money won’t be around for long.

Beverly Hanson: 801 680-4325 or e-mail: Beverly@SLCGreenHomes.com

2011 Housing Forecast for Salt Lake City

After attending the annual Board of REALTORS® forecast breakfast, there is cautious optimism for our local real estate market. Prices are expected to stabilize by the end of the 2nd quarter, and sales are anticipated to increase by end-of-year.

So, buyers who have been waiting for the bottom of the market before making a purchase, might not want to wait much longer. With interest rates still near or below 5%, this is the perfect time to buy.

Check out this video, featuring the president of the Board of REALTORS®, DeAnna Dipo:

Salt Lake City Housing Forecast

2010 Foreclosure Sales Report – 3rd Quarter

The number of foreclosed homes being bought and sold across the country and in Utah is falling significantly, a new report indicated.

The RealtyTrac Third Quarter 2010 U.S. Foreclosure Sales Report showed that foreclosed homes accounted for 25 percent of all U.S. residential sales in the third quarter of 2010, with the average sales price of properties that sold while in some stage of foreclosure more than 32 percent below the average sales price of properties not in the foreclosure process. That was up from a 26 percent discount in the previous quarter and 29 percent in the third quarter of last year.

In Utah, foreclosed homes accounted for just over 20 percent homes sold during the quarter, but prices only discounted about 3 percent, the report noted.

Sales of foreclosed properties in default, scheduled for auction or bank-owned (REO) in Utah fell nearly 30 percent from the previous quarter and 21 percent from the same period in 2009.

“The RealtyTrac report confirms that there are fewer foreclosures in Salt Lake City and Utah compared to the rest of the nation,” said Bill Heiner, president of the Salt Lake Board of Realtors. “With fewer homes for sale in the Salt Lake area, home prices are beginning to stabilize and even increase in some neighborhoods.”

Does Foam Insulation Really Cost More?

Does Foam Insulation Really Cost More?

An effective, continuous air barrier system assists in controlling air movement into and out of your home.  The heating and air conditioning systems work more efficiently.  You save money!

The United States Department of Energy estimates “uncontrolled” air leakage can account for 30% or more of a home’s heating and cooling costs, and contribute to problems with moisture.

Air can go straight through glass fiber and cellulose, but it can’t go through COMFORT FOAM® closed-cell technology.  It is more than just insulation – it also provides an air barrier to properly seal your home.

Polyurethane Insulation

Megan Luckan from Superior Insulation says “Closed cell foam gives high R value and air sealing and is the best bang for the buck, when it comes to thermally insulating your home”.

When considering building to a green standard (Energy Star, Build Green Utah, LEED for Homes), check the additional points gained with your choice of insulation.  More important, check available rebates from Questar & Rocky Mountain Power and State or Federal tax credits that may apply.  Enjoy greater comfort and lower utility costs for years to come!

At the end of the day, choosing Closed-Cell Foam is an easy decision.

For more information call Megan Luckan, Superior Insulation 801 972-3737 (cell) or MeganL@superiorinsulation.com

Blog post contributed by Tom Ward, Certified EcoBroker in Park City.  For all Real Estate needs in Summit and Wasatch Counties, Tom can be found at UtahGreenHomes.com

Household Hazardous Waste Collection

A Household Hazardous Waste Collection event will be held on July 22nd from 7 to 10 am in Sugarhouse Park at the Big Field Pavilion 1300 East – 1700 East 2100 South.  Salt Lake City Police will be on hand to accept prescription Drugs. Electronics are also being accepted.

The next (and last) household hazardous waste collection event is scheduled for August 26th, so as you clean out your basements and garages, keep the date in mind.

This free event is sponsored by Salt Lake City Public Utilities and Salt Lake Valley Health and is only for Salt Lake Valley residents. If you have questions, call 801.313.6700.

Recycling Efforts in Salt Lake City

Who says recycling isn’t working?

As joint owners of the landfill Salt Lake City and Salt Lake County each received a one time dividend of $7 million dollars from landfill funds that were intended to cover some of the expenses to close the landfill.  Due to waste diversion efforts, the life of the landfill has increased, and we expect it to remain open for at least 50 more years.  The City has chosen to use the funds to support further sustainability efforts.

The “waste diversion efforts” means, in large part, RECYCLING.