By Gene DiPaula
Apr 22, 2015Increasing your home’s energy efficiency offers a lot of benefits: lower energy bills, lower environmental impact, and even increased home value. This Earth Day consider some of these energy-saving tips for your home that will save you money and reduce your environmental footprint.
Replace Your Light Bulbs
According to the U.S. Department of Energy, the average household spends about 5% of its energy budget on lighting. If you haven’t switched to CFL or LED light bulbs yet, now is the time to do it. These bulbs use 75-80% less energy than incandescent light bulbs. Energy-efficient light bulbs will pay for themselves over time, and you won’t have to sacrifice brightness or light quality.
Clean (or Replace) Your Air Conditioner
Homeowners in the U.S. spend about $11 billion every year on home cooling. By switching to a high efficiency air conditioner, you can cut your air conditioning energy use by 20-50%! If a new air conditioner isn’t in the budget this year, make sure to properly maintain your current one. Check your air filters once a month and replace them as needed. If you have central air conditioning, remember to inspect your ductwork and make sure it’s properly sealed and connected. Click here for more energy-saving air conditioning tips.
Use Appliances Efficiently
Appliances such as refrigerators, stoves, and washing machines make up about 13% of your energy costs. Check your refrigerator’s temperatures. The recommended temperature for your refrigerator is around 35°-38° F. The recommended temperature for your freezer is 0° F. Also, washing your clothes in cold water can save on water heating costs. Make sure your dishwasher and washing machine are full before you turn them on, to avoid wasting water. Click here for more tips on using your household appliances efficiently.
Reducing your home’s energy use will help you save money on your heating, water, and electricity bills. It can also help you get more money for your house when it’s time to sell. Homes with energy efficient features have resale values about 9% higher than similar homes without these features. If you’re interested in moving or refinancing soon, talk to one of our licensed Loan Originators today to get started.
These blogs are for informational purposes only. Make sure you understand the features associated with the loan program you choose, and that it meets your unique financial needs. Subject to Debt-to-Income and Underwriting requirements. This is not a credit decision or a commitment to lend. Eligibility is subject to completion of an application and verification of home ownership, occupancy, title, income, employment, credit, home value, collateral, and underwriting requirements. Not all programs are available in all areas. Offers may vary and are subject to change at any time without notice. Should you have any questions about the information provided, please contact us.