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Saving Green by Going Green

Saving Green by Going Green

Recently, I have had several conversations with neighbors about the possibility of making their houses more energy-efficient.   The definition of energy efficiency means using less energy to get the same job done–and in the process, cutting energy bills over time and reducing pollution. From new windows to solar panels, the potential of doing these projects can be costly, but will they be worth it and add value to their houses?  It can be difficult to think through the initial costs of some energy-efficient projects, even if those improvements will end up saving you substantial amounts of money, not to mention saving some natural resources!

With that in mind, here are some ideas regarding costs versus the savings on some of the most popular ways to go green.  All of these energy-efficient upgrades are specifically for your house — from simple repairs to major renovations.  

A programmable wi-fi enabled thermostat could be a quick fix for allowing a little less money to be spent upfront with the initial cost between $100-$300 for a savings of around $175 or more each year.  Unless you are home all day long and need the AC running, you can program the thermostat to run when you will appreciate the cooler temperature instead of walking into an igloo in July. Popular models include Nest and Ecobee.

Changing your light bulbs to eco-friendly fluorescent bulbs for around $6.00 per bulb will end up saving you $45-$135 over the life of the bulb.  That may seem like pennies, but the Millionaire Next Door didn’t gain his wealth by spending money on lighting.

If you are considering new appliances, consider the Energy Star appliances.  The cost varies by appliance, as well as the potential savings. Depending on your previous model, a new appliance such as a fridge or washer/dryer could save you hundreds per year, and drastically increase resale value.

Windows are normally responsible for up to 40% of the energy consumed by buildings, homes included.  High thermal performance windows are four times more efficient than coated double pane windows.   Between the wind and cold of the winter months, and the direct sunlight blasting into your house in the summer months, energy-efficient windows will not only save you money on your electricity bill, but the comfort you will have in your house due to the new windows will comfort you mentally and fiscally. New windows can also drastically change the style of a home inside and out, potentially adding resale value to your home.

Solar Panels are a biggie upfront cost, with a range between $4,500-$12,000. But you can’t put a price tag on the instant gratification you receive from your energy bill of up to 60% savings.

Water Saving Devices such as low flow showerheads, aerators, toilet tank banks and more make lowering your water usage and saving money on water simple. Installing faucet (or tap) aerators is one of the cheapest ways to save water. Water faucet aerators reduce water flow by adding air to the water. Even though less water is being used, aerators allow the water pressure to stay pretty much the same. For your investment of as little as $2.00, you could reduce water usage by 30-50%. 

No matter the initial price tag, these are all cost-effective ways to go green because of the significant return you will see on the Earth and on your checkbook.   So, in my way of thinking, going green to save some green is worth the investment!

Earth Day falls on Friday, April 22, 2022. The Earth Day 2022 theme is “Invest In Our Planet”. What will you do?

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