Remodeling for energy-efficiency can almost entirely pay for itself through both yearly savings and in some cases, in resale value. When combined, these 8 ways for saving energy can significantly offset monthly bills, saving homeowners several hundred to over $1000 per year.
1). Install new insulation – Avg savings of $200/ year
If your home was built before 1980, the chances are likely that it is under-insulated. According to a report by the U.S. government’s Energy Star program, 9 out of 10 houses have insulation that is well beyond the end of its use.
For a quick audit of your insulation, check that you have at least 10-11 inches of fiberglass insulation or 8-9 inches of cellulose insulation. By keeping insulation up to standards, homeowners can stay warmer in the winters and cooler in the summer while improving energy-efficiency.
2). Add a smart thermostat – Avg savings of $ 200/ year
What makes a thermostat “smart” is its functions that allow homeowners to program temperature schedules, track energy usage for optimization, and control temperatures remotely.
With programmable schedules, it’s easy to schedule your unit to run less while you are away from home and to set a time for the unit to kick on right before family members typically arrive. With energy tracking, users can see historical energy usage and predictions on how monthly bills will change according to an increase or decrease in usage.
Smart thermostats range from $150 to $300 depending on the model and features. With an average savings of $200/year, a smart thermostat can pay itself off within the first year.
3). Add energy-efficient windows – Avg savings of $275/year
Reported by the U.S. government’s Energy Star program, statistics show that newer, energy-efficient windows can save homeowners an average of $275 each year in both heating and cooling cost. Not only does an investment in new windows save on bills, energy-efficient windows can also be a major appeal to prospective buyers when it comes time to sell.
Look for rotting frames or moisture between window panes as telltale signs that it is time for a replacement. However, keep in mind, a full window replacement may not be necessary. If you would like a professional opinion, give J.G’s Home Improvement a call today to speak with an expert!
4). Seal existing doors & windows- Avg savings of $50/ year
According to the U.S. Department of Energy, the average consumer can save between 5%-30% on their monthly utility bill just by identifying and taking care of drafts from doors and windows!
For inexpensive fixes, consider filling gaps with weather stripping, caulking, or spray foam. In addition, inserting draft snakes underneath your doors can make a big difference in keeping your home cool in the summer and warm in the winter.
5). Energy Star appliances – Avg savings of $150/ year
Appliances such as ovens, laundry machines, and refrigerators make up for about 15% of the average home’s energy use. With that in mind, installing appliances with a good Energy Star rating can go a long way in reducing your monthly bill. When looking for replacements, look for the bright yellow tag on each appliance to see yearly costs and average electricity usage.
6). Purchase LED bulbs – Avg savings of $ 50/ year
Replacing traditional CFL and incandescent bulbs with an LED alternative has become quite a common practice over the last decade. LED lights have only improved over time and are now capable of shining brighter and longer while using up to 80% less electricity than other bulbs.
Although LED bulbs tend to cost more upfront, this alternative will help save money in the long term by using less electricity, lasting longer, and producing less heat.
7). Roof replacement or repair – Avg savings of $ 100/ year
Installing a new roof is an investment that can be largely recouped when it comes time to sell, not to mention the additional savings that homeowners can enjoy from better protecting their house from the elements.
Over the last few years, “cool roofing” has become a popular choice for homes that experience high temperatures. A cool roof is often made of highly reflective paint or reflective shingles that are designed to absorb less heat and reflect more sunlight away from the building.
Standard roofs can reach temperatures as high as 150 degrees F on a hot summer day. In contrast, a cool roof can be 50-60 degrees F cooler and can help reduce the peak usage of air conditioning.
8). Lower water heating costs – Avg savings of $ 100/ year
If you reside in a smaller household, it may be worth considering replacing your water heater with a smaller tank or even a tankless water heater. However, if you are not looking to make this purchase, you can still save money without replacing anything.
If you are able to adjust the temperature of your water heater, we recommend setting it to 120 degrees. Most water heaters are set to 140 degrees, and by just turning it down 20 degrees, you can save up to 10% on your monthly bill. For a low-cost and easy solution, you could also consider installing an insulation jacket for your water heater.
*All Saving Listed Are Estimated. Please Give Us A Call to Schedule A Free On-Site Estimate and Receive A Quote For Your Project.
Questions about home renovations or repairs? Give our office a call or send us a message to schedule a free on-site estimate. J.G’s Home Improvement is licensed in the state of West Virginia. We have proudly served the eastern panhandle for over 20 years! Located in Charles Town, our team is always available to respond quickly and reliably.