WHAT YOU COULD SAVE ON HOME ENERGY COSTS
Have you checked your home's performance lately?
Have you checked your home's performance lately? If you live in an older home or a builder-grade model, chances are your appliances and heating and cooling devices are costing you more money.
In this slide show, we review six energy-efficient upgrades and the potential savings from each.
See which $19 improvement can knock off up to 30 percent from your heating and cooling bill.
The slide show begins with the navigation to the right.
Programmable Thermostat
Extra Cost: $19
Annual Savings: $185
Payback Period: 2 months
This temperature-sensitive timing device modifies your home's temperature throughout the day. It can be set to heat or cool less often when the house is empty. According to Energy Star, homeowners can reduce annual heating and cooling costs by 20 to 30 percent.
All estimates are for a 2,500-square-foot home built in the 1990s. Annual savings reflect national average fuel costs. Actual savings will vary by region. Source: www.energystar.gov
Energy Star Central Air Conditioner
Extra Cost: $104
Annual Savings: $398
Payback Period: 4 months
Cooling and heating a home makes up about half of a home's energy cost. After installing a programmable thermostat, homeowners should consider upgrading an older central cooling unit. Energy Star models are 14 percent more efficient than standard ones.
Compact Fluorescent Bulbs
Extra Cost: $60
Annual Savings: $166
Payback Period: 5 months
If everyone in the country made one small change -- to replace standard lighting with energy-efficient alternatives -- we'd shave $8 billion from the nation's electric bill, according to Energy Star statistics.
Energy Star Oil or Gas Furnace
Extra Cost: $320
Annual Savings: $370
Payback Period: 11 months
Higher efficiency home furnace units not only reduce energy usage, but pollution as well. Energy Star qualified models are up to 15% more efficient than standard ones.
Energy Star Refrigerator
Extra Cost: $30
Annual Savings: $9
Payback Period: 3.3 years
An Energy Star-certified fridge uses half the electricity, for the same cooling job as a model from the early '90s, and it's 20 percent more efficient than a standard fridge bought new.
Energy Star Clothes Washer
Extra Cost: $200
Annual Savings: $46
Payback Period: 4.4 years
Washers tweaked for energy efficiency also benefit the planet in another way: these machines reduce water usage. New technologies let you set small loads, wash for shorter periods and use less chemical detergent.
Find More Savings
Save on Utilities
Save Money on Everything
Fabulous Freebies
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
-
Take Charge of Retirement Spending With This Simple Strategy
To make sure you're in control of retirement spending, rather than the other way around, allocate funds to just three purposes: income, protection and legacy.
By Mark Gelbman, CFP® Published
-
Here's How To Get Organized And Work For Yourself
Whether you’re looking for a side gig or planning to start your own business, it has never been easier to strike out on your own. Here is our guide to navigating working for yourself.
By Laura Petrecca Published
-
The Best Places to Retire in New England
places to live Thinking about a move to New England for retirement? Here are the best places to land for quality of life, affordability and other criteria.
By Stacy Rapacon Last updated
-
Best Cold Weather Places to Retire
places to live Some like it hot; others not so much. Here are the 12 best places to retire if you can't stand the heat.
By Stacy Rapacon Last updated
-
15 Ways to Prepare Your Home for Winter
home There are many ways to prepare your home for winter, which will help keep you safe and warm and save on housing and utility costs.
By Donna LeValley Last updated
-
Hurricane Insurance Claims: 10 Things You Should Know
Becoming a Homeowner Hurricane damage? Know what’s covered, what isn’t and how to make the most of your policy if you need to file a claim.
By Kimberly Lankford Last updated
-
5 Great Places to Buy a Vacation Home
Want a vacation home for remote work or a fun getaway? Here are locations with median prices under $400K.
By Ellen Kennedy Last updated
-
10 Big U.S. Cities With the Cheapest Apartment Rents
places to live Apartment dwellers pay less than the national average in these cities with the cheapest rent.
By Dan Burrows Last updated
-
The 10 Most Expensive Cities to Live in the U.S.
Real estate From metro areas on both coasts to the middle of the Pacific Ocean, these are the most expensive cities to live in the U.S.
By Dan Burrows Last updated
-
The 25 Cheapest Places to Live: U.S. Cities Edition
places to live Have a look at the cheapest places to live in America for city dwellers. Is one of the cheapest places to live in the U.S. right for you?
By Donna LeValley Last updated