Homeowner Finance: Energy Efficiency Projects

Deciding to purchase your own home is an exciting step. However, it is also a complex affair. Once you become a homeowner you’re liable for the maintenance of the building. You’ll also need to find the funds to complete upgrades and deal with emergencies.

Your budget will be stretched further than you can imagine, even if you’ve spent hours planning incomings and outgoings.

The good news is that, if you choose the right projects, you can actually make things easier for yourself! There are a variety of energy-efficient projects that you can do at home, once completed they will decrease your energy usage and help you to have more disposable income!

Here are a few ideas to get you started, don’t forget the government offers grants for some work.

Ventilation

Did you know that your home needs ventilation? Moving air constantly around your home, especially the voids under your home, means that the moist air is removed. The result is a decreased likelihood of mold in your home and it will be less attractive to pests.

 The best approach is to have subfloor ventilation fitted which pulls air under the floor or pushes it out. It should be connected to a timer so that it will run when the outside air is dry, this helps to ensure the moisture is removed from under your home.

This type of system can also be hooked up to an air conditioning system that will purify the air in your home and help to control the temperature effectively.

It’s a good idea to have an efficient air conditioning system that runs automatically and continuously, this actually uses less power than one which is turned on and off as you need it.

Solar Panels

This is probably one of the first things that people think about when considering energy-efficient improvements. There’s a good reason why, solar panels and an array of batteries can provide you with all the electricity you need, dramatically reducing your energy bills.

You’ll also have the added pleasure of knowing that your electricity is ‘green’. In other words, it’s environmentally friendly.

Even if you opt for batteries you can still remain connected to the main grid, allowing you to access electricity when your system has none left. You can also sell excess electricity to the grid, reducing your energy bill further o potentially even making money from it!

Upgrade Appliances

Another great energy-efficient project to undertake at home is to upgrade all your electrical appliances. New appliances are much more energy-efficient, using less water and electricity than previous models. 

While you’ll have to purchase the appliance, you can recoup the money by selling your old ones off second-hand and you’ll benefit from energy savings on your bills.

Review

Perhaps the simplest project, but still an effective one is to fit a smart meter and monitor your current electrical usage. This will allow you to identify where the energy is going and make changes to your usage and lifestyle to reduce your energy consumption and bills.