If you've ever thought the cost of utilities is too high, you're not alone. People spend thousands of dollars every year just to pay for electricity, not to mention things like gas and water.
Fortunately, there are many low-cost home improvements and repairs that can make your home more efficient and save money on utility bills. Plus, many of these improvements can also increase the value of your home if you ever decide to sell it.
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However, according to landscaping and construction experts, these are some of the best improvements you can make.
1. Better insulation
One of the most effective ways to reduce your operating costs is to improve the thermal insulation of your entire home. “By properly insulating your home, you can minimize heat transfer and stay cool in the summer and warm in the winter,” said Erika Annenberg, CEO of Girl Flip. "Insulating the attic, walls, floor, and basement can result in significant energy savings."
Artem Krapavinsky, interior designer and founder of Arsight, added: "Look for everything from quality windows to wall and attic insulation, these items can help regulate the temperature in your home and reduce heating and air conditioning use." choose insulated shades or mesh shades; These design touches add visual appeal and help save energy.”
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2. Programmable thermostat
Installing a programmable thermostat in your home can improve energy efficiency and save money on utility bills year-round. “With a programmable thermostat, you can schedule temperature settings for when you're home or away,” said Zach Barnes-Corby, site manager at Block Renovation. “By optimizing your heating and cooling settings, you reduce energy consumption when no one is home.”
The cost to install a programmable thermostat ranges from $100 to $200. A basic Lowe's programmable thermostat costs between $60 and $80.
3. LED lighting
Another way to lower your energy bill is to switch to LED solutions. They are energy efficient and last longer than other options, although they initially cost more.
“Switching to energy-efficient LED lighting throughout your home can make a world of difference to your utility bills,” Annenberg said. “LED lamps use much less energy than conventional lamps and have a much longer lifespan. They are also available in a variety of colors and brightness levels to suit different preferences."
But don't stop with light bulbs – upgrade your light switches to save even more. “To use LED lights, you should consider purchasing smart light switches,” said Sebastian Janiak, owner of Ontario Property Buyers, a real estate investment and solutions company. "They're not very expensive, but they allow you to remotely turn lights off, giving you more control over your energy usage, which ultimately translates to lower energy bills."
You can also buy a smart home device like Alexa and set it to turn your lights on or off at specific times. This can be especially helpful if you forget to turn off the lights when you go to bed or leave the house.
4. Energy efficient equipment
Today many devices and machines are designed to help reduce electricity consumption and save money on utility bills. From windows to refrigerators to lighting, you can upgrade everything. However, waiting until it is time to make changes can be more cost effective than changing what already works.
“When it's time to replace your appliances, choose energy efficient appliances that are ENERGY STAR certified,” says Barnes-Corby. “Energy-saving refrigerators, washing machines, dishwashers, and other appliances can significantly reduce energy consumption.”
You can also replace the windows to reduce energy bills. “Switching to energy-efficient windows can greatly improve the energy efficiency of your home,” Annenberg said. “Look for multi-pane windows, low emission siding, and insulating gas. These features help minimize heat transfer, reduce drafts, and maintain a more comfortable interior temperature.
Another thing to consider when upgrading your HVAC system is upgrading your HVAC system to an energy efficient model. Look for systems with high Annual Fuel Efficiency (AFUE) or Seasonal Energy Efficiency.
5. Water saving devices
An often overlooked update is plumbing, like old toilets and shower heads. By replacing old fixtures or appliances with energy efficient ones, you can reduce your water use and save money.
You can also update your kitchen and bathroom appliances. "Upgrade your kitchen faucet to a faucet with an integrated vent and you'll be amazed at the benefits," said Terry Simon, director of design and marketing for Nieu Cabinet Doors. “Not only will this reduce the amount of water flowing from your faucet, your water bills will be lower, but you won't notice any difference in water pressure or functionality. Make a smart and environmentally conscious decision to save water without sacrificing performance.”
6. Solar panels and solar devices
Installing solar panels and switching to solar-powered appliances can help lower your electric bills. In fact, going solar can save you about $97,000 over 25 years. If you switch to solar power, you will be able to take advantage of some benefits, such as government tax breaks and property tax breaks.
But be prepared for the initial investment. Solar panels typically cost between $1,500 and $2,500 at stores like Lowe's or Home Depot. Installation cost not included.
“Installing solar panels is a big investment, but it can lead to energy savings in the long run,” Annenberg said. “Solar panels use renewable solar energy, which reduces reliance on traditional energy sources and lowers operating costs. In addition, in some regions there are incentives and tax incentives for the installation of solar panels, which makes the installation more profitable.
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This article originally appeared on GOBankingRates.com: 6 Home Improvements That Will Lower Your Operating Costs
