Tips for New Homeowners to Reduce Energy Expenses

If you are a new homeowner and want to reduce energy expenses, ask yourself which upgrades will likely save you cash and which ones will add value to your house. Most people often go for simpler upgrades. For instance, a homeowner may choose to install weather stripping around their doors or add a sealant around the windows. As much as this option may be cheaper, the question to ask yourself is whether it is also adding value to your property at the same time. Do not shy away from upgrades that not only reduce expenses and add value too. Here are a few tips you may want to consider when looking to lower energy bills

Get Energy Efficiency Appliances

If you have bought a house that is over 15 years old, the chances are that the HVAC system, boiler, and furnace are old. Basically, if a heating system is more than 15 years old, it cannot be considered efficient according to today’s standards. Fortunately, you can find improved versions of these appliances on the market today. In recent years, air conditioners have become much more energy-efficient. A new model can save you about 20% to 50% of your annual heating and cooling costs. If you combine installing an efficient AC system, sealing windows and doors, and adding more insulation, you will notice a decrease in your energy expenses.

Improve Efficiency in The Water System

When it comes to your home’s water supply, there are several ways you can save on cost. You can install low-flow plumbing fixtures, that is, faucets, showerheads, and toilets, which use a minimum amount of water and still get the job done. Also, some models allow you to adjust the pressure manually to your preference. Another advantage of low-flow fixtures is that they are affordable and easy to install. Another way to save on costs with your water system is by installing a tankless water heater. It only produces hot water when one needs it instead of keeping it hot throughout. Therefore, it uses less energy.

Install a New Roof

Most of the time, when a roof is new, it is energy efficient. However, as it ages, it is less effective at its job. When that happens, humidity and temperature levels from outside start seeping in, which affects the overall temperature of a home. A roof’s lifespan varies depending on the type installed. For instance, PVC roofs can go up to 30 years, EPDM can hit 15 to 18, while TPO can last about 18 to 20. If you know your roof has reached its lifespan, consider getting a newer roof that is energy efficient and have it installed properly.

Improve Lighting In Your Home

Even by simply changing to CFL or LED bulbs, you will have improved energy efficiency in your home. Lighting costs in your home can contribute to about a third of your home’s electricity bill. Therefore, getting new light fixtures will help bring this cost down. Besides lighting, adding larger windows and skylights to your family home are great options, especially during winter. Since cold months are usually dull, one is often forced to switch on lights, increasing your energy bills. However, large windows and skylights allow more light to flow into the house, which reduces the need to keep lights on.

Seal all Air Leaks with Caulk

When people buy homes, not all of them get to purchase a newly constructed house. Some of these houses are old and in need of an upgrade for comfort. In 2020, the number of first-time homebuyers was around 33%. In this number, those that bought older homes had to think of ways to reduce energy expenses. If you purchase a house and you happen to feel drafts from the window, sealing with caulk is a simple way to reduce utility bills. It cuts cooling costs and increases comfort in your home as well.

Homeowners who often make an effort to implement these steps enjoy lower energy expenses. To ensure you have not left any energy improvements out, you can request an efficiency inspector to conduct an energy audit in your home.

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