Denver's Oakwood Homes offers energy-bill guarantee
A Denver-based homebuilder has launched a program that guarantees its buyers' energy bills for the first two years they own one of the company's homes.
Oakwood Homes has teamed up with energy-efficiency experts Lightly Treading to determine the typical yearly energy use of the homes it builds.
Once calculated, Oakwood will guarantee that the energy use will not exceed the predetermined annual amount. If it does, Oakwood will reimburse the homeowner the difference.
"We will test the house and have a score, and with that score we can calculate what energy uses a house will have for heating and cooling," said Pat Hamill, president of the company. "We can give a very good estimate for what it should cost and put a guarantee on it."
One of the reasons Oakwood says it is able to make the guarantee is that it manufactures most of the home in a plant in northwest Denver, where it builds floor, wall and roof systems that are assembled on the building site. Oakwood acquired the factory in 2008.
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