Residential energy costs play a large role in our everyday life. A lot of energy is required to keep us comfortable every day and that energy costs a substantial sum of money. There's no way around it -we need energy to survive, however, we have several options that can curb our energy use or lower our expenses in another way.
Since the U.S government is focused on lowering carbon emissions, there are a lot of different ways we can improve our energy efficiency. The Federal Income Tax Credits for Energy Efficiency are a great way to make some home improvements and save some money in the process. They can be used for energy conservation as well as appliance upgrades. All energy improvements eventually pay off, but they pay off faster if you get some money back from the government.
Have in mind that rigorous rules apply to the ways these tax credits are used. Make sure that your energy efficiency project qualifies for one of the categories listed and follow the specific guidelines.
Residential energy audits are an excellent way to see where you leek energy and need improvements. There are ways to do an audit yourself; however, a professional audit in the U.S. can only be performed by:
It's always best to leave this job to professionals, as the tools they use are not ones you find laying around the house. Of course, there are different types of audits and some are better than other. They also go by the name home energy audit or home energy assessment, but the name does not reveal much about the type of audit performed.
Become familiar with the way audits are performed and then choose an auditor that would provide you with greatest value at lowest price. Remember, if your home has not been audited before, it will be quite easy to spot some trouble areas, so you might not need the most thorough sweep of your home.
The Solar Investment Tax Credit falls in the same category of residential energy efficiency upgrades. This is where you can truly save the most but it also requires a big investment or a long term commitment. Still, producing electricity from a system you own usually pays off and our consultants are here to crunch the numbers and help you decide.
There are system capacity limits when you want to qualify for the ITC; however, as long as you only intend to power your home, it is highly unlikely that you will exceed the limit.
The EIA has made a bunch of residential energy consumption surveys and one of the main facts they show is that we now live in homes that are on average 30 percent larger and spend less energy than before. Energy efficiency has become a lot more advanced over the last three decades and people have become more careful with their use.
You can raise your efficiency levels by using energy efficient appliances or simply by boosting the energy conservation in your home. Nearly 50 percent of the power we use goes on heating and cooling, so as far as efficiency is concerned -good insulation is king.
According to EIA statistics gathered back in 2009 the energy efficiency trends are already starting to form a pattern:
Our hints and tips section offers a vast collection of advice on curbing energy use and not all of it relies on efficiency upgrades. Sometimes, we simply ask users to change a few habits and that is all it takes to make the energy bill a lot more acceptable.
The residential energy prices vary dynamically as both energy supply and demand shift drastically. If you live in a energy deregulated state, you can probably use these dynamics to your benefit. Negotiate fixed energy rates at the right time and you can secure lower bills for up to three years. Our consultants can always help you find the best rates, so let us help.