We all love to save money where we can. Reducing monthly expenses means that we can set money aside for the future, such as for retirement. Having more money to spend each month also means that we may be able to indulge in special things, like eating at a nice restaurant, taking a trip, or making a contribution to our favorite charity.
One of the very best ways to save money over the course of the year is by improving home efficiency. Programs such as PACE, or Property Assessed Clean Energy, provide competitive financing for energy-efficient home projects like replacing doors and windows, adding insulation, or installing solar panels. Short of making serious upgrades to our homes, there are several simple ways to reduce energy costs while living comfortably.
Simple Home Efficiency Tips
What are the ways that people can easily reduce their energy uses while saving money on electricity bills? Luckily, there are several simple steps we can take:
Changing thermostat settings
Yes, it’s that simple! By raising summertime thermostat settings by one degree and lowering by one degree in winter, significant energy savings are possible. Your home interior remains comfortable, too. For every degree we set our thermostats over 78 degrees Fahrenheit in the summer months, it is possible to lower energy bills by as much as 8%. Setting the thermostat to 68 in winter keeps the house warm and saves money, too. Programmable thermostats can help you save even more money; by setting temperatures higher or lower when you are not home, you could reduce electricity bills by over 15%.
Replacing light bulbs
Incandescent bulbs waste a lot of energy in the form of heat. Alternatives like fluorescent bulbs not only reduce energy uses, but they also last a lot longer. LED light bulbs can even reduce energy cost more than fluorescents. Swap out your home’s light bulbs and reap the savings!
Turning off lights and appliances when not in use
Flip the switch to save money. Lights burning in unoccupied rooms wastes electricity and drives up the power bill. Unplugging unused appliances reduces costs too; many appliances, such as home stereos, televisions, and coffee-makers, draw electricity even when they’re not being used.
These simple steps are all it takes to start saving money while doing your part to keep the environment healthy. Stay tuned for more energy-saving tips.