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Window and door replacement is one of the best investments a homeowner can make, according to the annual Cost vs. Value Report published by Remodeling magazine. Specifically, homeowners in the Washington DC region are able to recoup nearly 80% of their investment from their window replacement.

In addition to the value a replacement would have for your home at the time of resell, new windows that are Energy Star rated will help save you money on your energy bills. Since windows make up an average of 10-50% of your home’s exterior walls, having high quality energy efficient windows installed can garner significant monthly savings. Energy Star estimates that the average homeowner can save up to 15% on their monthly energy bill by installing qualifying windows in their home.

And, more recently, the United States government has made the replacement of windows even more rewarding! The American Recovery & Reinvestment Act of 2009 allows homeowners to take a tax credit of up to $1,500 on qualifying windows and doors. Windows and doors must meet minimum standards of a .30 U Factor or below and a .30 SHGC factor or below.

Some of the most common problems that people experience with their windows are:

Condensation or broken seals

Rotting window frames

Warping or twisting

Poor security

Difficulty opening and closing

Noise

If you are experiencing any of these problems, then now may be a great time to consider replacing your windows. This home improvement project can save you on your energy bills, earn you a tax credit and add to the resale value of your home.