You may feel like you are fighting a losing battle when it comes to your energy bill. The good news is that there are a number of little tips and tricks that can really help keep your home energy costs down.
“One of the biggest costs in a household, aside from food and housing payments, is paying for energy usage. The good news is that this is a cost that can really be reduced by planning ahead and doing some research and going green. In addition to employing good energy use practices, there are lots of financial incentives offered for energy efficient products,” says Jeff Schwartz, executive director at Consolidated Credit Counseling Services of Canada.
“Going green in your attitude towards energy will only serve to get you more green in your wallet.”
Like all things budgetary, planning ahead and committing to the plan is your best bet towards saving money. Here are some tips and tools to use in kick-starting your energy saving strategy.
Cost savings begin at home
Become an energy conservation ninja. That means scanning each room in your home with a critical eye. Where can you save- or where are you losing money?
Seek out draughty windows and caulk them. Always turn your lights off when you leave the room (even if it is just for a minute). Turn your computer to sleep mode when you’re not using it. Use appliances during non-peak hours. These are small steps that, when combined, can add up to major savings.
It pays to save, literally
It is well worth an internet search to check out your provincial energy supplier’s incentives. Each province offers different rebates, coupons and incentives but make no mistake; they want you to use energy efficient appliances and products- and will compensate you. Not only will you receive financial incentives now, you save money in the long term running more energy efficient products.
Can you say win-win?
What the heck is ENERGY STAR® ?
You’ve no doubt seen the ENERGY STAR® designation on appliances before, but what does it mean. And more importantly why should you care? Bottom line; searching out appliances with this designation is only going to boost your household’s bottom line.
ENERGY STAR® products are the most energy efficient on the market, and have met a series of technical standards. According to NRCan, an ENERGY STAR® appliance uses 20 to 30 percent less energy to run than a non- ENERGY STAR® appliance.
And the rebates keep coming!
Most of the provinces and territories offer rebates to consumers who purchase ENERGY STAR® appliances. Here is a comprehensive list.
There are also tax incentives offered, so it’s worth investigating those options, come tax time next year.
Are you looking for ways to improve your household spending? Would you like to save more and spend less? We can help you look at your budget and see if there are areas, like energy use, that you can improve on. We can help. Call one of our trained credit counsellors 1-888-826-5898 or check out our free online debt analysis tool to get started.