The effect
Depending on the existing windows, I would actually wager you'd earn a payback quicker with the EWI.
The cost of energy, particularly the burning of fossil fuels for home heating is likely to increase dramatically over the next 60 years.I've the same conundrum, was quoted 20k net of grant last year to do my (detached) house. My gas bills cost roughly 1000 per year so even if it saved me 33% as the installers usually claim, it'd take me 60 years to make that back. OK gas prices and carbon taxes will likely go up in the future but the ROI would still be extremely long. Hopefully they'll be better grants/incentives in the next few years to make this more viable.
If I needed to get the house re-plastered anyway though I think I'd probably go ahead and do it.
Depending on the existing windows, I would actually wager you'd earn a payback quicker with the EWI.