Insulating Concrete Form Construction is Affordable

A home built with insulating concrete forms is more affordable than you may think!

The old saying goes: “It takes money to make money.” It also takes money to save money. Insulating concrete forms cost a little more — about 3-5% on average — than traditional stick wall construction, but that additional investment is quickly recouped by the tremendous savings in energy, interest, and insurance costs.  Then consider the reduced maintenance costs and higher resell value and you can see why insulating concrete home structures are actually more affordable than wood construction.

How much does an ICF house cost?*

Typical new U.S. homes cost $60-100 per square foot. Building walls of ICFs adds $1.00-$4.00 to this figure. But since ICF houses are more energy-efficient, the heating and cooling equipment can be smaller than in a frame house. This can cut the cost of the final house by an estimated $.75 per square foot. So the net extra cost is about $.25-$3.25.

Increased Home Value

Not planning on staying in your home for more a than few years? A recent study conducted for the EPA Energy Star Homes Program concludes that home value increases by about $20 for every $1 reduction in annual utility bills. This means you can profit by investing in energy efficient homes even if you're uncertain about how long you might stay in the home. You'll enjoy positive cash flow for as long as you live in your home and can also expect to recover your investment when you sell the home. Visit the Residential Energy Service Network website for more details.

Insurance Savings

Because ICFs are included in the masonry construction class, they qualify for a lower premium than a home in the traditional wood frame class.  Also, more and more insurance providers are recognizing the fire and natural disaster-resistance of insulating concrete form structures and are offering special discounts on top of those lower premiums. (Check with local agents for availability in your area.)

Mortgage Qualification

Because of the proven energy savings, certain mortgage companies offer "Energy Efficiency" Home Mortgages which take into consideration the decrease in energy costs. This allows you to qualify for a higher mortgage payment. That means you're taking that same money which would be going to the utility companies and instead putting into your home!

*Portland Concrete Assoc. Concrete Homes Technology Brief 5.