How Much Can You REALLY Save with Energy Efficient Improvements?
The U.S. Department of Energy reports that with energy efficiency initiatives, the typical household can save 25 percent on utility bills, which amounts to more than $2,200 per year. Although energy efficiency is often the most expensive option in the short term relative to traditional alternatives, reductions in utility bills over the effective product's lifespan will completely cover the initial cost premium and yield an implicit return on homeowners ' investment. Despite household site fuel marginal prices only projected to rise over the next few decades due to higher production costs, it provides an even stronger case for today's investment in energy efficiency.
There are a range of energy-efficient improvements that you can make at home, from simply replacing your light bulbs to more complex projects such as sealing air leaks and installing doors. Energy efficiency is known to be a cost-effective investment, but based on the upgrade in question, the actual amount of savings differs. Gross energy savings are positively correlated with the upgrade's cost and difficulty, meaning more extensive home renovations will result in higher time savings.
In addition, a combination of compatible upgrades in a “whole-house" approach will result in disproportionately higher savings compared to their initial total cost. Indeed, the Department of Energy estimates that you can potentially reduce your utility bills by up to 30% through multiple energy-efficient improvements in the regulation of internal temperature.
Please also consider other energy saving tips below:
- Replace the five light fixtures or bulbs most widely used in your home with ENERGY STAR models to save $75 a year.
- Save up to 10% each year on heating and cooling bills by turning back the thermostat 7°-10°F for 8 hours a day.
- Fix leaky faucets to save $35 and 1,661 gallons of water.
Colorful leaves, cooler weather, cozy sweaters, anywhere pumpkin spice — it's definitely coming our way! When snuggling in and sipping a warm drink, we hope that this October you can join us and take action to save energy — and money — at home.
October is the month of energy activity, so it's the perfect time to take energy savings seriously. Not only is the weather perfect for taking on projects for home improvement, but the timing is right in view of the coming of colder weather. Taking steps now will mean greater convenience and savings due to the timing of peppermint pumpkin spice.
If you want to learn how to get your buck's biggest bang, we suggest a professional home energy audit that can help you identify places where your home is losing energy and where changes can save you the most money. Making suggested improvements in a home energy audit— and many of the above things will definitely be included in your recommendations— could save you 5%-30% on your annual utility bills (an average of $105-$627 depending on house, environment, services and usage).
In addition, actions such as proper maintenance of heating and cooling equipment; turning off lights; reducing the use of electricity throughout your home; reducing the use of hot water; ensuring an adequate insulation of your home; and smart use of home design elements such as landscaping and window coverings will save you even more.
How much can you save with a more powerful appliance every year? Check out the website of ENERGY STAR, which highlights items that go beyond the federal minimum efficiency standards. You can also look at our calculator for the use of energy in appliances to equate your current product to a more effective one.
Please make sure that you are eligible for energy efficiency or renewable energy tax credits from the federal government.
Ready for Your Home Energy Audit?
At Frontline Electrical Services we love helping our customers feel safe and secure in their homes. To have your home’s wiring checked or to receive your free home energy consult and you are in the Benicia, Walnut Creek or Fairfield, California or surrounding areas, contact us today at 800-945-0268 (here is a map to our location) and we’ll have one of our certified specialist analyze your electricity usage and give you the information you need to make sure your home is the most energy-efficient it can be!