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> But the average house and older homes especially (in northeast esp) have poorer insulation. insulation always pays for itself multiple times over. Why is rhe

> But the average house and older homes especially (in northeast esp) have poorer insulation. insulation always pays for itself multiple times over. Why is rhere no financial oroduct like mortgage that wouldballow you to direct the energy saving from extra insulation into repaying installation cost ay favoirable tax-free terms and low interrest rate like mortgage?

BlueTemplar 4y ago
There are, in fact perhaps a bit too much, it has resulted in lots of insulation and heat pump scams lately (though perhaps not enough enforcement ?) See also how the real estate sector was whining in the recent years about the (quite mild !) new insulation laws, seemingly only caring about their short term profits. Well, hopefully they have shut up now (or maybe not, with, now that we ARE in the predicted crisis, serious laws coming up, and at the same time, the real estate bubble popping).
- bfeynman 4y ago
  It's going to get worse now because the fed govt has a rebate to install heat pumps, I'd expect the same treatment people get for solar to come to that now, lots of companies cold calling trying to sell more of a financial instrument than actual product. I was really looking into one, and it was impractical due to weather but also not many local contractors were trained and servicing them, I expect more grifter types to pick it up.
bfeynman 4y ago
That does sound like something places should offer. I know some ESCOs and providers offer like free thermal imaging of your home. While insulation is relatively cheap, often the worst culprits are poorly insulated windows and any penetrations to exterior. Those are much more expensive, window replacement can easily run 20k.
nradov 4y ago
You can use a HELOC for insulation upgrades, just like any other home improvement project.
- ClumsyPilot 4y ago
  If I just bought a house with shit insulation with mortgage, is HELOC gonna help me?
  - nradov 4y ago
    Why did you buy a house with shit insulation?

BlueTemplar 4y ago

There are, in fact perhaps a bit too much, it has resulted in lots of insulation and heat pump scams lately (though perhaps not enough enforcement ?) See also how the real estate sector was whining in the recent years about the (quite mild !) new insulation laws, seemingly only caring about their short term profits. Well, hopefully they have shut up now (or maybe not, with, now that we ARE in the predicted crisis, serious laws coming up, and at the same time, the real estate bubble popping).

bfeynman 4y ago
It's going to get worse now because the fed govt has a rebate to install heat pumps, I'd expect the same treatment people get for solar to come to that now, lots of companies cold calling trying to sell more of a financial instrument than actual product. I was really looking into one, and it was impractical due to weather but also not many local contractors were trained and servicing them, I expect more grifter types to pick it up.

bfeynman 4y ago

That does sound like something places should offer. I know some ESCOs and providers offer like free thermal imaging of your home. While insulation is relatively cheap, often the worst culprits are poorly insulated windows and any penetrations to exterior. Those are much more expensive, window replacement can easily run 20k.

nradov 4y ago

You can use a HELOC for insulation upgrades, just like any other home improvement project.

ClumsyPilot 4y ago
If I just bought a house with shit insulation with mortgage, is HELOC gonna help me?
- nradov 4y ago
  Why did you buy a house with shit insulation?