Efficient Home Upgrades for Cutting Energy Costs And Tackling Inflation
In the face of rising inflation across the U.S., where costs are escalating from grocery stores to home utility bills, homeowners are seeking solutions to manage their expenses. Addressing this challenge involves implementing practical and innovative changes within homes. Below, we’ll explore examples of both simple and advanced modifications to provide relief and enhance energy efficiency.
As per the Energy Information Administration, the cost of heating homes with electricity alone has increased by 10% this year. Coupled with other rising costs, the overall financial burden of homeownership becomes significant. However, there are strategies available to improve energy efficiency and reduce wastage.
A highly effective starting point is the adoption of Energy Star-rated appliances and devices, encompassing efficient LED lightbulbs and HVAC equipment. These certified products not only lead to substantial savings on utility bills but also contribute to a reduced carbon footprint. While replacing all appliances simultaneously may be impractical, upgrading them one at a time can still make a noticeable impact.
For example, replacing an eight-year-old refrigerator with a new Energy Star model, can result in annual savings of $110 or more on electricity. Furthermore, these energy-efficient upgrades may make homeowners eligible for a Residential Renewable Energy Tax Credit, offering additional financial relief.
Solar panels represent another impactful upgrade. With state and federal tax incentives making rooftop panel systems more affordable, homeowners can gain control over electricity bills and reduce carbon emissions. Innovative programs like local net energy metering (NEM) even enable residents to earn credits for excess electricity produced and sent to the grid from their system.
Smaller yet effective changes include investing in a programmable smart thermostat for optimized energy conservation through auto scheduling. Smart switches with motion sensors prevent wasteful electricity consumption from lights being left on. Energy Star-labeled ceiling fans, boasting up to 60% greater efficiency than traditional units, also contribute to overall energy savings.
These modifications only scratch the surface of available options. For further insights into reducing energy bills, refer to the accompanying source.
Infographic Provided By solar panel installation Arlington Company, Sunburst Solar