Tuesday, December 8, 2009

Cut Energy Bills Now

Every season has its challenges, and every year the utility bills keep rising. Don't be one of those people who talk about changes but never get around to doing anything. As they say, doing the same thing and expecting a different outcome is the definition of insanity!

The reality is I can't help you earn more money, but I can give you some suggestions about how to cut energy bills. There are many things you can do, some are big, expensive options which will give a high return, while other projects are smaller and easier, but these will give more limited returns.

The best approach is probably to combine both types of projects, starting with the small, and investing the money saved into increasingly bigger projects. That way you get the maximum savings staggered over a longer time period, without the pain of big setup costs.

Some of the smaller projects include adding a programmable thermostat which will help both during summer and winter, caulking around windows and doors, and turning off electrical equipment that is not being used.

These are simple and inexpensive things you can easily do and while they won't save you a great amount these new habits will save you money and teach your family the need to be more responsible with energy use. The key is to channel these savings into bigger projects.

Some of the bigger projects include:

1. Adding insulation to your attic and ceiling space. This will drastically reduce the amount of warm air that is lost during winter and increase the efficiency of your cooling during summer.

2. Replace old, drafty windows and doors with newer energy efficient models. Double glazing is expensive but here are easier and cheaper ways to achieve the same end.

3. Build your own wind turbine. This technology is now available for domestic use and if you get enough wind, saves you heaps. Some sources suggest this can be done for $300 with a few basic skills and a couple of weekends to invest!

Some of the projects on this list may even make you eligible for a tax credit of up to $1,500.

The bottom line is this: it doesn't matter if you choose to make big changes or small changes as long as you make changes. By investing some time and a little money you can cut energy bills not only this winter but for many years to come.

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