October 09, 2018 7 ways to save
Upgrade your home and save money on energy Seven Ways To Save
Wondering where to start when it comes to reducing the amount of energy you consume on a daily, monthly, and yearly basis? Here are seven easy ways for you to get going.
Did you know the average home has almost $3,000 worth of potential energy savings in it every year just waiting to be unlocked? We promise: this isn’t fake news. Most of us could save thousands of dollars in energy costs each year by making a few smart investments around the house. Here are seven of the easiest to get you started.
Energy efficient refrigerators feature what’s known as “even cooling,” which means that fruits and veggies stay crisp, liquids are kept at a consistent temperature, and leftovers taste great for days. The most energy-efficient fridges use up to 20% less energy than regular models.
Annual Energy Savings (based on replacing a 20-year-old refrigerator): 750 kWh/yr
Annual Cost Savings (based on replacing a 20-year-old refrigerator): $45
Smart and Programmable Thermostats
A smart or programmable thermostat can reduce heating and cooling costs in your home by up to 10% every year.
Annual Energy Savings: 223 kWh/yr
Annual Cost Savings: $22.43
Tankless Hot Water Heater
Tankless hot water heaters, also known as demand-type or instantaneous water heaters, provide hot water only as it is needed. They don’t produce the standby energy losses associated with storage water heaters because you don’t have to keep a huge tank of water hot 24/7—which saves you money. For homes that use 155 litres or less of hot water daily, demand water heaters can be 24 – 34% more energy efficient than conventional storage tank water heaters. And even for homes that use lots of hot water—anything above 300 litres per day—they can still be 8 – 14 % more efficient than the conventional alternative. Canadians use an average of 75 litres of hot water per person per day, so an average family of four can knock up to 14% off their annual energy usage with a tankless heater.
Annual Energy Savings: 2500 kWh/yr
Annual Cost Savings: $251.50
Not only do LED light bulbs use less energy than conventional incandescent bulbs, they also last an astounding 30 times longer than traditional. An LED light bulb that runs 2.7 hours every day will reduce the amount of energy consumed in that lamp or overhead fixture by almost 50% in a single year. Best of all, once you install an LED light, you never have to think about it again. On average, every LED bulb will last for 25 years. That means you’ll save about $138.90 in energy costs per LED bulb in your home over the course of each one’s life. Multiply that by the number of fixtures in your house and you can see how the savings start adding up.
Annual Energy Savings: 63.29 kWh/yr
Annual Cost Savings per bulb: $6.37
Smart Power Bars
Smart power bars are an easy and effective way to minimize the amount of electricity running through your home. Stereos, TVs, computers and anything else that remains plugged in always carries a charge, and you’re paying for every kilowatt—whether the device is on or not. To save money and energy, plug your electronics into smart power strips with an auto-off setting or turn off your devices when they aren’t in use.
Annual Energy Savings: 61.5 kWh/yr
Annual Cost Savings: $6.19
Washing clothes in cold water (and making sure you run full loads) is a great way to make a standard clothes washer more energy efficient. But an energy-efficient machine will increase your savings regardless of which temperature you decide to use.
Annual Energy Savings: 335 kWh/yr
Annual Cost Savings: $33.70
Drying your clothes on a clothesline can save you somemoney, but the benefits of line drying go beyond its dollar value. Line-dried bed sheets are a little piece of heaven, and your whites will actually get whiter for having spent time in the sun. If your household dries five loads of wash per week, the savings associated with line drying add up to almost $60 each year—money you can spend on something other than hot air.
Annual Energy Savings: 569.4 kWh/yr
Annual Cost Savings: $57.28