Save On Your Bills: 6 Ways You Can Make Your Home More Energy-Efficient

 
 

Do you find yourself cringing every time your energy bill comes in the mail? You’re not alone.

Plenty of homeowners are looking for ways to save money on their utility bills each month. Fortunately, there are a number of simple home upgrades you can make that will help you save money and reduce waste. Here are five smart ways to make your home energy efficient and save on bills.

Upgrade to Energy-Efficient Appliances
The first and most significant step to make your home energy-efficient is to upgrade to energy-efficient appliances. Choose home appliances with ENERGY STAR rating as they consume less energy and help you reduce your electricity bills. Also, consider investing in advanced smart-home technology for better energy management.

If you're worried about the cost of upgrading to energy-efficient appliances, there are ways to save up for them. One option is to set a monthly budget specifically for saving towards these new appliances. You can also look into financing options or government rebates that may be available for purchasing energy-efficient appliances. Additionally, consider selling old or unused items in your home to generate extra funds for this investment.

Seal Windows and Doors
Sealing windows and doors is an easy yet effective way to make your home energy-efficient. When doors and windows aren't sealed correctly, they allow hot air to escape during winters and cool air during summers, causing the HVAC system to work harder, consuming more energy. Sealing these gaps can significantly reduce your energy bill.

If you notice drafts, condensation, or difficulty opening and closing your windows or doors, it may be time to replace them. These are signs that they are no longer functioning properly and are likely leaking air, which can lead to increased energy bills. You can also conduct a simple test by holding a candle near the edges of your windows and doors on a windy day. If the flame flickers, it's a sign of air leakage.

Replacing leaky windows and doors with energy-efficient ones will not only help you save on bills but also improve the overall comfort and insulation of your home. Be sure to find a reputable home window replacement company so you can get the job done right.

Install a Programmable Thermostat
An old and inefficient thermostat may add up more to your bill than you think. Consider upgrading your thermostat to a programmable one or a smart thermostat. These can be programmed to adjust the temperature and humidity levels depending on your schedule, resulting in less energy consumption and lower bills.

If you're not tech-savvy, finding the right programmable thermostat can seem like a daunting task. But don't worry, there are many user-friendly options available in the market. Look for thermostats with simple and easy-to-use interfaces and follow step-by-step installation instructions. It's also helpful to read reviews and seek recommendations from friends and family who have experience with programmable thermostats.

Replace Your Traditional Light Bulbs
Traditional bulbs may be inexpensive, but they consume more energy than LED or CFL bulbs. Switch to LED or CFL bulbs to save money while still getting the same bright light. Moreover, they have a longer lifespan than traditional bulbs, saving you money on replacements.

LED and CFL bulbs can be found in most home improvement stores, hardware stores, and even some grocery or department stores. Shopping online is also a convenient option with many retailers offering a wide selection of energy-efficient bulbs at competitive prices.

Additionally, you may want to consider checking for any rebates or discounts available for purchasing these types of bulbs. It's also important to properly dispose of your old light bulbs, as they contain hazardous materials that can harm the environment if not disposed of correctly.

Utilize Natural Light and Energy-Saving Curtains
Take advantage of natural light during the day by keeping your curtains open instead of relying on artificial lighting. This not only saves energy but also provides a more pleasant and natural lighting in your home. To minimize heat gain during summers, use energy-saving curtains or blinds that can block the sun's rays. This will reduce the workload on your cooling system, ultimately lowering your bills.

Insulate Your Home Properly
Lastly, proper insulation can significantly impact your home's energy efficiency. Insulation creates a barrier around your home, maintaining a stable internal temperature during changing weather conditions. Efficient insulation also results in fewer drafts, making your home more comfortable and reducing your energy bills.

To find weak spots in your home's insulation, start by checking the insulation levels in your attic and crawl space. You can use a ruler or tape measure to see if the thickness of the insulation meets recommended levels for your area. Next, check for any visible gaps or holes in walls and ceilings where air may be able to escape.

You can also hire a professional energy auditor to conduct a thorough inspection and identify any potential problem areas. By addressing these weak spots, you can improve your home's overall energy efficiency and save on bills.

By implementing any of these tips, you can make your home energy-efficient and save money. Upgrading to energy-efficient appliances, sealing your windows and doors, installing a programmable thermostat, replacing your traditional light bulbs, and insulating your home are all simple and cost-effective ways to reduce your monthly electricity bills. So, take your first step towards making your home more eco-friendly while also saving money.

Read more at Rismedia.com

Related Links

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

Search Homes in Colorado

Search Homes in North Carolina

Search Homes in Oklahoma

Search Homes in Oregon

Search homes in Minnesota

The Federal Reserve will cut interest rates 6 times in 2024... ING says

 
 

An economy that is showing clear signs of decelerating means the Federal Reserve will cut interest rates at least six times in 2024, according to a Thursday note from ING Economics.

Moderating inflation, a cooling jobs market, and a deteriorating outlook for consumer spending mean the Fed may need to cut interest rates more than the market expects.

"We have modest growth and cooling inflation and a cooling labour market — exactly what the Fed wants to see," ING's chief international economist, James Knightley, wrote. "This should confirm no need for any further Fed policy tightening, but the outlook is looking less and less favourable."

Knightley says he expects the Fed will start cutting interest rates in the second quarter of next year, delivering as many as six 25-basis-point rate cuts totaling 150 basis points. He also says he expects the interest-rate cuts to extend into 2025 with at least four 25-basis-point interest-rate cuts. Meanwhile, the futures market suggests the Fed will cut rates by 125 basis points next year.

Knightley's expected rate cuts would bring the effective Federal Funds rate to about 3.83% at the end of 2024 and to 2.83% at the end of 2025, compared with today's Fed Funds rate of 5.33%.

Those rate cuts should prove stimulative to the economy over time, but not immediately. Changes to the Fed Funds rate often come with a lag of between 12-18 months before they are felt.

The gradual interest-rate cuts forecast by Knightley are encouraging because they suggest that the economy will remain resilient and that the Fed won't be forced to cut interest rates to 0% immediately, as they tend to do when the economy significantly decelerates and enters a recession.

Knightley highlights that while the job market remains solid, evidenced by weekly jobless claims that remain in the low 200,000 range, it has noticeably cooled.

 
 

"Continuing claims surged though to 1,927k up from 1,841k. There have been questions over seasonal adjustment issues and data volatility, but the trend is certainly towards higher continuing claims while initial claims remain low. Essentially, the message is that firms are reluctant to fire workers, but they are less inclined to hire new workers. i.e. more evidence of a cooling, but not collapsing, labour market," Knightley wrote.

Meanwhile, consumer spending, while solid, faces a tougher road ahead in 2024 as real household disposable incomes show signs of weakness, credit-card delinquencies rise, and student-loan payments add further strain.

"The data suggests stagnant real household incomes over quite some time now. So far, this has been offset by the running down of savings and the use of debt to fuel spending growth," Knightley said. 

"However, tighter credit conditions and high borrowing costs are likely to weigh heavily on the flow of credit to the household sector while there is growing evidence of pandemic-era accrued excess savings being exhausted for an increasing number of people," Knightley said.

This all chalks up to an economy that's on thin ice but hasn't broken yet. And it might not break if the Fed can successfully lower interest rates before the economy enters a recession.

Otherwise, a broken economy probably means that the Fed won't be so patient with cutting interest rates. UBS expects the Fed to cut interest rates by a whopping 275 basis points next year in response to a recession.

Read more at BusinessInsider.com

Related Links

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

Search Homes in Colorado

Search Homes in North Carolina

Search Homes in Oklahoma

Search Homes in Oregon

Search homes in Minnesota

Just Listed: Meticulously Maintained Three-Bedroom Home Near Chisholm Creek!

 
 
 

Discover the epitome of easy living in this beautifully maintained home.

With a meticulously landscaped lawn complete with maintenance included during the growing season, you can relish in a lock-and-leave lifestyle. This three bedroom, two bathroom traditional gem seamlessly combines classic architecture with modern comforts. The charming brick exterior, wrought iron fence, and cheery entry sets the tone for a welcoming interior. Inside you are greeted with an abundance of natural light and an open, functional floor plan. The focal point of the living room is certainly the Heatilator gas log fireplace with brick surround that wraps around to add a touch of charm. The living room is open to the dining area and well equipped kitchen. The bedrooms are tucked away with the secondary rooms on one side of the hall and the primary on the opposite. Primary is spacious and features a large ensuite that boasts double vanities, tub and shower. Walk in closet is brimming with storage space. Primary also offers access to the covered patio and generous backyard. Just a stone’s throw away from Chisholm Creek with easy access to restaurants, shopping, and the Kilpatrick Turnpike.

Listed by Jessica Snook for West + Main Homes. Please contact Jessica for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(405) 652-6635
hello@westandmain.com

Presented by:
Jessica Snook
405-826-0010
jessica@westandmainok.com


Search homes in Oklahoma
 

This Weekend: Oklahoma Open Houses for December 1st to 3rd!

 
 

Our agents are hosting Open Houses this weekend all over the Oklahoma City Area.

You can find all of these listings on our website. Please reach out to the listing agent for information on times and more information on the listing!

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

Search Homes in Oklahoma

Just Listed: Step Inside a Remodeled Home Redefining Comfort and Sophistication!

 
 
 

Discover the life of modern living in this stunning home that seamlessly blends sophistication with comfort.

This beautifully remodeled home boasts not one, but two spacious living rooms, providing ample space for both relaxation and entertainment. The heart of this home showcases a lovely open kitchen, where sleek appliances meet, creating a culinary haven. The open-concept layout effortlessly flows into one of the living rooms, enhancing the sense of space and connectivity. The three bedrooms offer retreats of tranquility, with upgraded finishes and thoughtful details. Outside is an expansive patio, a perfect extension of the living space, ideal for entertaining guests, or simply enjoying the serene outdoor ambiance. With its thoughtful layout and upscale finishes, it's an invitation to savor the pleasures of modern living. Welcome home to a residence where every detail has been carefully curated for your comfort and enjoyment.

Listed by Monica Diaz for West + Main Homes. Please contact Monica for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(405) 652-6635
hello@westandmain.com

Presented by:
Monica Diaz
405-788-2489
monica@westandmainok.com


Search homes in Oklahoma