The Easiest Ways to Save Money with Energy Efficiency

Making a budget is a lot easier than actually sticking to it–we know. But when you become a homeowner, it’s even more essential that you make an effort to live within your means. Your house is not only your most significant investment, but it’s also the place you and your family call home.

Learn how to make your home more energy efficient by using these ideas that will add up to savings.

How to Save Money with Energy Efficiency

Energy-efficient upgrades save you money by reducing the energy you use.

Consider these ideas:

1. Energy Efficient Appliances: If you bought your home with appliances included or your current appliances are more than 7 years old there’s a good chance they’re outdated and may not be as energy-efficient as they could be. When shopping for a new appliance, look for the cost savings estimate. You’ll typically see this tagged right on the appliance. Don’t forget to sell your older appliance and use that money toward the new one! If nothing else, donate it and write it off your taxes.
2. Get a Programmable Thermostat: This is a relatively low-cost, DIY project. Heating and cooling the home can be a big drain on your budget. By installing a programmable thermostat, you’ll be able to control the heating and cooling, making sure the system only runs when necessary. Savings will likely be immediate and adds up over time.
3. Change the Light Bulbs: If you have any incandescent bulbs home’s light fixture, you’ll want to change them to energy-efficient fluorescent bulbs. They cost a bit more initially, but they pay for themselves pretty quickly and save you quite a bit over time.
4. Lower Water Heater Thermostat: Manufacturers typically set water heaters at 140 degrees by the manufacturer. However, you may find that find 120 degrees works just as well. Lowering the temperature is also safer for children and can help prevent injury.
5. Unplug Appliances: When an appliance is plugged in, it uses energy –even when it’s turned off! Save yourself some money and unplug any appliance that isn’t being used or used regularly. That tip requires no investment and starts working right away.
6. Seal Gaps: Gaps around windows and doors can lead to energy loss by letting your heat and cold air escape. The result is that you run you thermostat longer. Seal those cracks and gaps to have more control over the temperature in your home and use less energy.

Mortgage Refinancing

Refinancing helps you to save money by lowering your mortgage payment or sometimes by adjusting it so that more goes toward the principle. Interest rates change often, plus, there may be loan programs that you qualify for now where you didn’t with your original loan.

When it comes down to it, if there’s a way to save you money on your mortgage with a refinance, we’ll find it.

Remember, your home is your biggest investment. If there’s a way to save money on payments, why not find out?

Here’s another idea: you could refinance to save money AND take out some equity to make those larger, energy efficient upgrades.

Our office is always looking out for you and your money. That’s why we’ve made it easy to apply for your refinance.

Apply now using our secure online loan application.