Energy Efficiency – The Homeowner’s Guide to Cutting Costs

As new homes are being built and existing homes are being upgraded to segue out of the 19th century, there is one feature of our homes that tends to be outdated. This problem isn’t being ignored either. In fact, the Demand Institute’s survey of the Housing Satisfaction Gap which surveyed over 10,000 households, found that while over 70% of homeowners find energy efficiency and low utility costs important, only 35% were satisfied with their current homes.

These numbers are staggering, but it’s not surprising since upgrading your home’s energy can save you significant money. This is only amplified over time, as the newer appliances, bulbs, and other features outlast their outdated counterparts.

With 90% of households taking some measure to consume less energy in the last five years, the demand is evident for more innovation and ideas to improve your energy consumption. Changing habits, replacing bulbs, sealing leaks, and other common steps can only take you so far.

There have been numerous smart devices that have been created for the home as well, and new ones continue to be released. Some great ideas that more and more homes are adopting include:

  • Smart thermostats that improve your home heating costs and can be programmed to save you money when you are away.
  • Smart water heaters that adjust your water temperature via an app wherever you are, or if you are going away they can also be programmed with specific settings.
  • Smart home vents that tie into your smart thermostats to better control specific rooms, and even appeared on ABC’s hit show “Shark Tank.”

 

With more competition and technological advancements, the costs of these home upgrades will continue to come down. Energy efficiency isn’t as costly as it may have been in the past, and with financing, tax credits and rebates it’s more affordable than ever. The savings will help these improvements pay for themselves over time too!