4 Creative Ways To Save Money In Your Home
By the time your mortgage is paid, grocery shopping is done and all your other bills are paid, we would all like to see more money left in our wallets. While many turn to clipping coupons, there a variety of other creative ways to save money in the home. So, what are four uncommon ways that homeowners can save money in their home?
- Replace Failing Appliances With EnergyStar Appliances
- Install Motion Detection Lighting
- Install A Home Solar System
- Make The Switch To LED Lighting
Replace Failing Appliances With EnergyStar Appliances
The appliances in your home, such as dishwashers, water heaters, washing machines and dryers, use a lot of power and account for a large portion of your electric bill. To combat this, homeowners can replace failed appliances with new ones that are EnergyStar rated. This means that they are able to operate at the same or a higher level than traditional appliances while using far less energy. By upgrading the technology in your home, homeowners can enjoy years of savings in the form of lower electric bills without having to sacrifice modern amenities.
Install Motion Detection Lighting
An easy way to run up energy bills in your home is by leaving lights on that you aren't even using. While single lights do not consume that much power, an entire room of lights left on all day or all night can become quite expensive. To address this, consider installing motion sensors that are paired to the lights in every room of the house. This way, you can rest assured that lights will never be left on longer than you set the time for. This way, if the kids forget to turn out the lights after watching television, your motion sensors will do it for you. For every kilowatt hour that isn't used to keep the lights on unnecessarily, it's more money left in your pocket at the end of the month.
Install A Home Solar System
Solar systems are a great investment if you are going to be living in your current home for more than 10 years. This is because rooftop solar systems can help generate your own power as opposed to paying your local utility for it. A great way to decide how much money a solar system would save you is by looking at your electric bill. From this, you will be able to figure out the total cost of every kilowatt hour you use. This value can then be multiplied by the total number of kilowatt hours that your solar system is expected to produce in one year. This is your annual savings from solar. If you divide the total cost of the solar system by your annual savings, you can get a rough idea about how long the solar system would take to "pay for itself". After this point, all generated power can be viewed as free. Additionally, some states allow you to generate what are known as Solar Renewable Energy Credits (SREC's). SREC's can then be sold to your local utility for yet another source of income thus lessening the time it takes for your solar system to pay for itself.
Make The Switch To LED Lighting
With the cost of LED lighting falling to an all time low, it has never been more cost effective to upgrade the lighting in your home. Some individual bulbs can operate at only 3 watts as opposed to more traditional 60 watt light bulbs. LED lights can put out just as much light without using as much power. So, to light your home with 3 watt bulbs is twenty times less expensive than it would be to light your home with 60 watt bulbs. Additionally, these types of upgrades often pay for themselves in less than one year if not quicker.
Saving money isn't something you do just by clipping coupons. By taking an active role in the energy consumption of your home, you can more easily reduce energy bills and keep more of your hard earned dollars in your pocket where they belong.