Boosting Sales for Residential Window Replacement Companies with Card-Linked Installments
Essential Statistics on Window Replacement in the U.S.:
The U.S. is home to 118 million single-family residences, apartments, and mobile homes, with 70 million featuring double-pane or upgraded glass. That leaves nearly 40% of homes still using single-pane glass, presenting a huge opportunity for upgrades.
A national survey conducted by The Harris Poll found that the top reasons Americans consider replacing windows are:
- Enhancing energy efficiency (36%)
- Damage repair (29%)
- Moisture mitigation or leakage (12%)
- Part of a larger home renovation (9%)
Despite these compelling motivations, many homeowners hesitate to upgrade due to the high upfront costs, making affordability a major barrier. Over a third of Americans replace windows only out of necessity, such as when repairs are no longer feasible. Given the median American income of $64,000, the significant upfront cost of window replacement becomes a substantial hurdle – especially when it’s unexpected and unplanned. While energy-efficient windows can eventually deliver cost savings, it often takes years before homeowners see a return on their investment.
The Role of Rebates and Financial Frustrations:
States like California offer a 30% rebate for windows that meet Energy Star’s “Most Efficient” criteria, providing some financial relief. However, these rebates are not immediate – customers often have to wait at least eight weeks to receive them, leaving the upfront cost issue unresolved.
The Conversion Challenge:
Currently, the conversion rate for window replacement jobs sits around 11.85%. Splitit’s card-linked installment solution, on average, increases conversion rates by 26%. This is crucial for residential window replacement companies, as helping customers overcome the financial barrier of large purchases can be the difference between making the sale or not.
Bridging the Financial Gap:
Cost is often the single biggest barrier to window upgrades, whether the motivation is energy efficiency, curb appeal, or home security. Card-linked installment options offer an immediate solution that doesn’t require a loan. Card-linked installments utilize existing credit on the customers card, the average American has $35k in available credit and that number is even higher for homeowners. It’s a more financially responsible financing option. This flexibility can turn hesitant customers into buyers by eliminating the need for lump-sum payments or complex loan applications.
Why Card-Linked Installments Are Essential for Home Improvement:
Offering card-linked installments allows homeowners to choose better quality materials, opt for full replacements, or select advanced glass options like triple-pane windows, which offer superior energy efficiency. This not only increases the average transaction value but also gives homeowners the confidence to make a significant upgrade.
For window replacement companies, integrating installment payments means fewer objections and higher closing rates. Customers can choose the best solutions for their homes while managing payments comfortably. Meanwhile, businesses receive payment upfront or have the option to collect a deposit, improving cash flow and enabling them to serve customers when they need it most.
| SPLITIT | TRADITIONAL FINANCING | |
| Use existing credit | Yes | No |
| No registration | Yes | No |
| White-label | Yes | No |
| Google Pay/Apple Pay | Yes | No |
| Support high ticket purchase | Yes | Yes |
| Increase sales potential | Yes | Yes |
| Additional interest and fees | No | Yes |
| Credit check | No | Yes |
| Low risk | Yes | No |
| Approval rate | 85% | 35% |
The Bottom Line:
Card-linked installment options aren’t just an added benefit—they’re a strategic sales tool.
Let’s walk through 2 scenarios where you’ve got 100 inquiries for a $10 000 window replacement job.
Without Installments: You close 12 jobs (11.85% conversion), resulting in $120,000 in revenue.
With Installments: You close 15 jobs (26% increase), and have a conservative increase in AOV of 15%, totaling $172,000 in revenue – a $52,000 boost.
For window replacement companies, this means higher conversion rates, increased average order value (AOV), and happier customers. As the demand for home upgrades continues, having flexible payment options can be a significant differentiator in the market.
Get in touch today to learn more about how Splitit can help your business!
