You can save money with energy efficient home improvements as energy costs rise for everyone else. More consumers are looking for ways to become energy efficient without forking out a lot of money. Therefore, I have some money smart ideas for you to consider when you are doing any home improvements.
Padding – It’s the insulation that keeps your home cool in the summer and warm in the winter. You can reduce your cooling and heating costs by 20% by adding more insulation. You can get a large roll of insulation for around $15 at most home improvement stores. Add just enough to make sure you have sufficient insulation throughout your home.
Think low flow – Low flow fixtures will save you money and water. You can reduce your homes water consumption on average of 50%, which can save you $145 each year on your water bill. According to Energy Star, low flow shower heads are just $20 in most home improvement stores or online.
Dishwashers – Update your old model dishwater. The older model dishwashers use an average of 10 gallons of water each cycle. The newer, modern dishwashers only use 5.8 gallons per cycle. This could save you nearly $9 each year.
Go fluorescent – Compact fluorescent bulbs will last much longer than traditional light bulbs. They can last five to ten years longer. They do cost more, but they will save you on your energy bill by $6 or more each year.
Controlled thermostat – A programmable thermostat can save you big bucks each year. They have become very popular with their money saving benefits. If used properly, they can save you nearly $150 per year. However, if you ever have to replace it, they can cost up to $450.
Fans – If you have ceiling fans, use them. Keeping them on medium will keep your home a comfortable temperature and reduce your energy bill by $15 each year. You can find affordable ceiling fans for $60 at your local home improvement store.
Go tankless – Tankless water heaters can save you around 20% off your water bill each month and some off your electric or gas bill. They also last 5 to 10 years longer than traditional water heater tanks. Plus they never run out of water. You can even get a federal tax rebate for your purchase.
Weather stripping – This is old news but many people still ignore it. Most of your homes energy is floating right out through the cracks in your home. You would be surprised to find just how much is really escaping. Adding weather stripping to stop your homes air leaks can save you from losing 30 to 40 percent of your homes cooling and heating costs. Weather stripping is very affordable too. You can find it for just $5 at your local home improvement store.
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