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Blog Apr 27, 2016

6 Simple Ways to Save Money on Energy This Year…And Beyond

Energy Saving

Saving money on your energy use in your home isn’t as difficult as you might think. We’ve discussed dozens of ways you can do it over the years on this blog.

And today, we have a few more ideas you might not know.

Here they are, in no particular order:

Saving on Water

If you have more bedrooms in your home than you do people, consider getting a water meter. That gives you more accurate billing.

2. Do You Have Insulation?

Drafty windows and poor insulation, or none at all, leads to some of the biggest energy loss in your home. You may not have any insulation in your attic at all, which could cost you an awful lot of lost heat.

Inspect your insulation yourself, or have a professional do it for you.

3. What’s That Dripping Noise You Hear?

Not only is dripping obnoxious to listen to, but it’s costly too. You can lose more than 1000 gallons of water per year with leaky faucets in your sink or tubs.

So, take care of that itty bitty drip for big savings.

4. Consider New Commercial Lending Programs

Wait a minute…don’t energy efficiency upgrades cost a lot of money and take years before you actually start saving money? Many utilities use a new method to solve that problem. You can make repayments through your energy bills. It’s called “on-bill financing.”

If you’ve been considering an energy efficiency enhancement for some time, find a utility that can help you out with this type of financing.

5. Energy Star Certified Electric Heat Pump Water Heaters

The typical family of four accumulates $600 in energy costs by using hot water throughout the year. You can cut that amount in half by installing an electric heat pump water heater.

And it’s a fast payback period too – around 2-3 years for a family of 4.

6. Watch for the Falling Prices of Solar Energy

In terms of marketability, solar power is “hot” right now. However, the technology is advancing so rapidly that costs are falling dramatically.

Solar power of any kind may not be affordable for you this year. But it might be in the next few years.

So keep an eye out. Most of your cost comes on the labor for installation and the panels themselves. When those fall substantially, your time to save the money to pay back your costs does too.

Those are some easier ways to save money on energy in this, and coming years. Put them to use, and then make some plans for the new money in your life.

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