The legal structure of the EchoHaven community is a bareland condominium allowing for common ownership and maintenance of green space and amenities. Similar to other condominium or strata ownership, annual fees are determined by the elected condominium board to cover maintenance costs.
The Cost of Building Your Home
If you buy a lot at EchoHaven you can choose one of the green builders or build your own home. Upgrades to standard tract home construction are required in the EchoHaven community to bring the new home to EnerGuide 84 – net zero ready. The cost of the value-added upgrades is approximately $30,000 for a 2300 sq. ft. home. This includes upgrades to the insulation in the building envelope and upgraded windows.
Homeowners at EchoHaven are encouraged to plan for renewables, such as PV modules or solar thermal panels and for rainwater collection. The budget for these items will be determined by the homeowner. Technical advice is available for home site owners. The ability to lease PV panels from a local electrical provider is another option.
The average square foot cost of a standard tract home (EnerGuide 75) in Calgary is $190/ sq. ft. The value of the upgrades for the EchoHaven Demonstration Home to reach net zero, or EnerGuide 100, cost $240/sq. ft. or $35/ sq. ft. more than a standard home built to Code.
Return on Investment
The money that is invested in – improving a building envelope, upgrading windows, adding renewables and other systems designed to improve energy efficiency – will save you money. We can help you calculate your savings over time based on your specific investment.