The proper home improvements will help shave energy bills by as much as 35% or unlock approximately $627 in annual savings, in accordance with the U.S. Department of Energy.
Home Upgrades Could Save Hundreds on Energy Bills
Steve Chalk, who recently retired from his work at the department, told CNBC that a home energy assessment will help decide what the best savings projects are for a homeowner to consider.
Finding the Energy Leaks
Home energy audits cost about $400, however the price greatly is dependent upon the type of residence as well as its location.
“You could easily have payback for that [assessment] in a couple of years,” Chalk says. “You’re not only saving money in the long term, but your house is more comfortable, and your air quality can be better.”
A few of the big items that are sending energy costs higher in most homes: proper insulation, incandescent lighting, or air conditioners that aren’t the appropriate size.
Chalk says one of the most common errors he sees is that many homeowners have an air conditioning system that is too big. Therefore, it does not run as long as smaller ones, Chalk says. “[That] could sound energy-efficient, but it’s not,” he says.
Sealing up air leaks in heating and air conditioning ducts or crawl spaces can also offer energy savings, Chalk says.
Even small changes can add up, too. For example, switching from incandescent lighting to LEDs can increase a home energy efficiency by about 85% alone, he says. Programmable thermostats and power strips will also help save on bills.
Some cities offer incentives to help offset energy efficiency and renewable energy upgrades. Look at the Database of State Incentives for Renewables & Efficiency website to search for incentives by state.
Have a questions or concern? Nick, Cindy & Nicholas Davis with RE/MAX Premier Group are here to assist you with all your Real Estate Needs. We are always available at 813-300-7116 to answer your questions or you can simply click here and we will be in touch with you shortly.
Need to get started with your mortgage process? You can contact Kyle Edwards with Iberia Bank at 813-495-5131, or simply click here to start your online application.
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