Save On Utilities By Spending More On Your Home
Saving by spending is not as counterintuitive as it sounds when it comes to home improvements. Though energy-saving improvements can cost more upfront, savings are eventually realized as lower utility bills. Kiplinger put together a nifty list to help determine how long it takes to recoup the extra amount spent on energy-efficient improvements:
•Programmable thermostat: Add’l Cost – $40; Annual Savings – $100; Payback – 5 months
•Compact fluorescent bulbs: Add’l Cost – $30; Annual Savings – $50; Payback – 7 months
•Furnace: Add’l Cost – $500; Annual Savings – $400; Payback – 1 year, 4 months
•Clothes washer: Add’l Cost – $300; Annual Savings – $50; Payback – 6 years
•New windows: Add’l Cost – $600; Annual Savings – $90; Payback -6 years, 6 months
•Central air conditioner: Add’l Cost – $400; Annual Savings – $35; Payback – 11 years, 5 months
Your Energy Crisis Solved [Kiplingers via Free Money Finance]
(Photo: Ben Beltran)
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