Money Saving Green Updates
Going green is great for the environment, but that’s not the only benefit. When you make green upgrades in your home, it can also lead to some major savings.
- Solar panels: The upfront cost is big, but the long term savings are huge. Solar panels will cost several thousand dollars to install, but ongoing maintenance costs are low, and a typical system could save hundreds of dollars per year. You can even sell your surplus electricity.
- Wood furnace: Wood burning furnaces are relatively inexpensive, and thought he yearly savings aren’t as dramatic (10% on heating bills) it adds up over the long run.
- Insulation: There’s a good chance your insulation isn’t very efficient, especially in older homes. Look into installing floor, cavity, wall, and loft insulation to reduce your heating bills.
- Rain barrels: Rain barrels are extremely inexpensive, and provide gallons of free water to use when you wash your car or water your garden.
- Geothermal system: A geothermal system uses the earths temperature to heat and cool your home, but can cost $30,000 to install. Tax credits allow you to get a lot of that money back, and the energy savings average about $1900 per year. If you plan to be in your home for a decade or two, it’s a great investment.