5 Money-Saving Upgrades To Make Your Home Energy-Efficient

Did you know the average American household spends about $2,000 annually for utilities? What’s more, $200 to $400 is money wasted due to drafts, air leakage, and outdated HVAC systems. That’s a lot of money, right? You can save that money by making energy efficient upgrades to your home.

Let’s take a look at these money-saving upgrades, shall we?

1. Insulation

A very cost effective way to save on energy is by adding more insulation in the attic, or switching out the typical blanket insulation for either cellulose loose-fill insulation or spray foam insulation. The spray foam insulation is the most effective type of insulation for energy efficiency.

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With that in mind, installing spray foam insulation requires professional installation and it can range anywhere from $1 to $1.50 per square foot.

2. Energy efficient appliances and HVAC system

Older appliances tend to use a of energy and are nowhere near as energy efficient as newer models. Look for appliances and electronics that are ENERGY STAR approved products. By replacing the refrigerator, washer and dryer and even the ranges, you can save 15% on how much energy your home uses.

The same with heating and cooling. When you upgrade your HVAC system, you can save up to 20% to 50% on your energy bills – providing you make some of the other upgrades on this list.

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3. Programmable thermostat

It seems like everything is a smart device doesn’t it? Smart thermostats are an excellent way to reduce the amount of heating and cooling is used, especially when you’re not home. In the winter, you can decrease the temperature when you’re not at home and increase it to a comfortable temperature about 30 minutes before you get home, and vice versa.

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If you don’t want to go the smart thermostat route, there are programmable thermostats where you can change the settings so the temperature is where it’s set to at the desired time.

4. Eliminating air leaks

One of the biggest culprits of wasted energy is air leakages. A whopping 40% of a home’s heating or cooling is lost due to drafty doors and windows and ill-fitted air ducts. You can prevent this by upgrading your doors and windows to high energy options. Not only are the new doors and windows themselves energy efficient, but the new seals will prevent air leakage.

If you cannot afford new windows or doors, you can always use exterior-grade caulking and new weatherstripping to seal up cracks or gaps you may find.

5. Install ceiling fans

Ceiling fans are a great way to add a bit of style to a room, but they can also help circulate the air, regardless of the season. Most fans have a switch that allows you to change the direction the fan moves. In the summer, it should rotate counterclockwise to push the cooler air down, therefore making the air feel cooler than it actually is. In the winter, it should rotate clockwise to pull the cool air upward and push the warm air downward.

Keeping your home’s energy costs as low as possible isn’t just smart as a homeowner, it’s also a good way to increase the value of your home. And, according to HomeLight’s Q2 2020 survey, we are in a seller’s market! 60% of agents who participated in the survey said there were 60% more bidding wars in June 2020 and the market doesn’t seem to be slowing.

That means if you’re looking to sell, these energy efficient upgrades are a great way to pique a buyer’s interest – maybe even more than one!

The Easiest Ways to Save Money on Your Utility Bills

As the climate warms, it’s more important than ever to consider how you can lower your carbon footprint as a homeowner.And lowering your carbon footprint has another huge benefit: you can often save money as a result of green upgrades to your home. For example, solar energy can save you around $600 a year in energy costs. Of course, there are many other reasons why you should use solar energy, but the primary reason to use it is that it is a renewable source, i.e., it will last for billions of years.

Besides making structural changes—like adding solar panels, for example, to your home, there are other ways to save on your utility bills such as turning off lights you’re not using. Below, we’ve gathered our tops tips for saving money on energy – and helping out the planet, too!

Take advantage of sunshine during the winter

The sun is basically free heat for your home. Homeowners can take advantage of what’s called passive solar design. During the day, open the curtains on south-facing windows to let the sunshine inside so it can warm up your house. This will keep your home considerably hotter during the colder months.

Don’t forget to close the curtains when the sun sets so you can keep as much of that trapped solar heat as possible. Consider investing in thick, insulated curtains, which will help keep heat inside your living spaces.

Pay attention to your ceiling fan’s rotation in winter and summer

As you may know, warm air rises. Instead of letting that warm air go up, up and away, you can leverage your ceiling fan to keep that warm air close to you and your family. Reverse your ceiling fan’s rotation so that it turns clockwise instead of counterclockwise. This will keep the hot air in your living spaces.

And during the hotter months, make sure the fan is spinning counterclockwise to pull hot air away from you.

Get a new roof

A new roof can make a huge difference in your energy savings. Best of all? Energy-efficient roofing helps you save money in both the colder and warmer months. Many new types of roofing are “cool roofs” which reflect more of the sun’s rays instead of allowing solar heat to permeate into the home. This means that you don’t have to run the AC as low or as often. In the winter, a new roof helps prevent warm air from escaping.

Plus, in many areas, you might be eligible for a government tax incentive for replacing an old roof with an energy-efficient version.

Seal drafts around windows, doors, and other areas of your home

One of the best methods for determining what areas of your home can be more energy-efficient is by conducting a DIY energy audit. To do an energy audit, light an incense stick and watch to see if smoke is pulled to cracks in the windows or under the doors. You can also sometimes feel drafts by simply putting your palm up around the edges of windows and doors. Once you find drafty areas, it’s important to seal up those holes with weather stripping or caulking.

Fixing air leaks will benefit you both in the summer and the winter because it helps keep your HVAC system from working overtime.

Invest in a smart thermostat

A smart thermostat is a prudent investment, especially if you regularly forget to turn off the A/C or heat when you leave for work or errands. That wasted energy can add up to a big utility bill at the end of the month. A smart thermostat regulates the temperature and automatically programs a specific range to keep you comfortable but turns off in unoccupied rooms.

Schedule regular maintenance

Routine maintenance is essential to promote the longevity of your HVAC system and to ensure that your home isn’t wasting energy. Make sure to replace filters at least once a month and keep tabs on how old your HVAC system is, most systems need to be replaced every 15-20 years.

Takeaways

There are a variety of reasons as to why it’s in your best interest to find ways to make your home greener. Not only do green upgrades ultimately save you money, they also help the planet during a time when a climate emergency is threatening our very existence. If you want to see a smaller utility bill and live a more eco-friendly life, utilize some of the tips mentioned in this article. You’ll save money and help save earth, too.