7 Ways to an Energy Efficient Home
Did you know that the average homeowner could save up to 30 per cent on their utility bills by making a few energy efficiency changes? We’re all about saving money, so let’s go through this together.
With so many options to help improve energy efficiency, where do you begin? Read the following for Prospera’s top 7 ways to improve energy efficiency in your home and start saving your well-earned money today!
Audit your home
If you want to understand how to get the biggest bang for your buck, we recommend a professional home energy audit, which can help you pinpoint areas where your home is losing energy, and which improvements will save you the most money. Making upgrades recommended in a home energy audit could save up to 30% on your annual utility bills. You can search for an advisor in your area at livesmartbc.ca.
Unplug electronics when not in use
Unplug rarely-used appliances to decrease energy usage around the house. Unplugging electronics like charging devices for phones, tablets, and gaming consoles can increase your energy efficiency. Using a power strip with an on/off switch makes it easy to decrease electricity use by powering off multiple electronics at once.
Properly insulate your home
Proper insulation allows you to retain the heat and cool air you pump into your beloved home. Without proper insulation, the air will escape through the roof and walls resulting in even more money escaping from your wallet. Make sure to insulate any attic space, exterior walls, and your basement or foundation.
Adjust your water heater
People tend to forget about their water heater, so spending a few minutes to adjust yours can help with energy efficiency. The first thing you will want to do is make sure the temperature is not set above 120 degrees.
While you’re at it, insulate the pipes surrounding your water heater. This will allow your water heater to maintain its temperature without wasting more energy.
If you’re feeling ambitious, you can replace your electric water heater with an air source heat pump water heater. These can use half the energy of your old electric water heater.
Replace old appliances
Wondering how much you could save each year with a more efficient appliance? Check out the ENERGY STAR website, which highlights products that exceed the minimum standards for efficiency. You can also take a look at their appliance energy use calculator to compare your current product with a more efficient one. Clothes dryers are about 18% more energy-efficient now than in 1990, and an old refrigerator can consume as much energy as four new ENERGY STAR-qualified refrigerators.
Turn the temperature down
Even the smallest changes in temperature can greatly affect your home's energy efficiency. Adjusting the thermostat to 68 degrees or lower during winter days, and 78 degrees or higher during the summer, can help you use less energy.
Watch for emerging alternatives
Consider renewable energy sources, such as adding a solar water heater on your roof or using solar panels to produce household electricity. These options are becoming more affordable.
Looking to upgrade your home?
A Home Equity Line of Credit can be a convenient way to finance energy-saving upgrades that can save you big-time in the long run.