Whether you’re a landlord or tenant, paying for utilities can be an expensive inconvenience when your bills are due. You might even shudder at the thought of parting with your hard-earned money, especially during winter and summer when temperatures peak. Thus, it’s no surprise that more people are going green to cut down on bills and save more money.
Are you looking for ways to spend less on electricity? Would you like to understand the importance of investing in power-efficient updates? This article discusses the best energy-saving tips to lessen utility bills and keep your accounts green. Let’s get started:
Importance of Investing in Energy Saving Upgrades
- Reduce Your Utility Bills
The most apparent benefit of energy-saving upgrades is reducing utility bills. The U.S. Department of Energy reports that homeowners and renters can save anywhere from 5 – 30% on their utility bills by installing energy-saving appliances. Considering these upgrades use less power than their traditional counterpart, you could save thousands of dollars annually. Also, the money you save could quickly cover the initial cost, meaning these appliances have a better ROI.
- Increase Your Property Value
Another excellent reason to invest in energy-saving appliances is that they can increase your property value. As we highlighted in the previous point, energy-efficient upgrades have a better ROI and increase your house’s asking price validity should you decide to sell.
In the long run, potential tenants would be willing to part with a little more money considering the perks like lower utility bills and lesser repair fees. A rental property manager in Northern Virginia can assist with regular maintenance to keep your rental efficient and ensure your appliances retain their value quickly.
- Enhance Your Quality of Life
Finally, investing in energy-saving upgrades can also improve the quality of life for the residents. Energy-efficient measures keep your home warmer, drier, and well-ventilated, which can positively impact your health. In the long run, improved efficiency can reduce the chances of mold growth or the buildup of pollutants.
5 Ways to Lessen Utility Bills
- Install Energy-Efficient Bulbs
One of the best ways to lessen your utility bills is to opt for energy-efficient bulbs. LED lights use at least 75% less energy than their incandescent counterparts. Besides, they’re also better at illuminating your space and can make it easier to complete tasks. They also come in various shapes and colors and can add a more aesthetic touch to your home whether you want to use them for indoor or outdoor lighting.
- Invest in Smart Devices
Investing in smart devices is one of the top energy-saving upgrades landlords or tenants can install. Smart appliances like thermostats, sprinklers, and blinds are designed to be more efficient than their analog counterparts. They make it easier for the house to detect when it cuts down on heating or cooling, so you can save more on power while sleeping. In addition, you can upgrade large-scale appliances like your refrigerator or dishwasher if you have a bigger budget.
- Insulate Your Home
Consider insulating your home to make the most of your smart upgrades. You’ll be surprised how much power is wasted by much-needed hot or cold air escaping through air drafts. These tiny gaps in your windows and doors allow air that should be in circulation to leave your house. That, in turn, puts more work on your HVAC system and runs up your electricity bill. If you want to prevent this from happening, inspect your apartment. Fill up any spots allowing air to escape with caulk, and line your pipes and unused chimneys.
- Be Mindful of Your Water Heater
Your water heater often accounts for a large percentage of your energy bill, and being mindful of your water heater can help you save a lot of money. However, that doesn’t mean you have to inconvenience yourself greatly. No one is asking you to take a cold shower in the dead of winter. Instead, clean the water heater regularly, and remove any sediment buildup. This maintenance routine will help it work more efficiently and consume less power. Of course, it would be best to call a professional to conduct a thorough inspection.
- Opt for an Energy Efficient Power Source
Lastly, if you’re thinking of a severe cut rather than a trim to your electricity bill, consider swapping to a more energy-efficient power source. Solar panels are popular because they allow homeowners to utilize the more renewable energy of the sun to power their homes. Although installing solar panels is often expensive upfront, many companies offer part payment to make it easier. However, if you’re a tenant, you should ask your landlord for permission before installing one.
Being intentional about swapping to energy-saving upgrades can help you reduce your utility bills, increase your property’s value and enhance your overall quality of life. So if you’re thinking of going green, some of the best energy-saving tips to lessen your utility bill include smart devices and energy-efficient bulbs that use less power. You can also make your current systems more efficient by insulating your home and regularly inspecting your water heater. And if you can afford it, opt for solar panels. Speaking with a property manager to get permission if you’re a tenant or discuss the financial implications for landlords would be a good idea.