What Does Energy Efficient Really Mean? How Does It Save Me Money?

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What Does Energy Efficient Really Mean? How Does It Save Me Money?

With natural resources depleting and damage being done to our environment, energy efficiency has become a focus in many industries in recent decades.

How can we have the same standard of living, but do so with a smaller impact on the environment?

This question is a powerful one which has resulted in many products being manufactured and deemed energy efficient. But can you run your household or business more energetically efficient, while also saving money?

Let’s take a closer look.

Energy Efficient Defined

When we refer to a product that is energy efficient, the definition varies from country to country. In general, it is a product or action that will reduce the energy cost which is typically spent. This can be in a product’s operation, or by reducing the need to heat or cool a building.

Various countries have certain criteria that need to be met in order to consider an appliance or electrical system as energy efficient. In the United States, energy efficient appliances and systems must provide at least a 10% reduction in energy usage when compared to the average of similar products in the industry. Most manufacturers that come out with these products, will actually exceed the standards that have been set by the United States and other governments. Less energy spent by households, means savings on utility bills.

Money Savings Potential

Using your energy more efficiently, will save you a significant amount of money. The statement that energy efficiency saves you money is probably something you have heard before, but most have no idea how much it can actually impact the energy bill.

There are also additional benefits to utilizing energy efficient appliances and electricity systems, so let us take a closer look at these benefits.

  • A recent report from Optimal Energy in Pennsylvania has shown that families and businesses are saving an amazing $278 million a year through being energy efficient. In addition to that, it has also saved more than 2000 gigawatt-hours and created approximately 40,000 jobs!
  • Energy efficient households contribute to a better environment. The study also shows that energy efficiency provides a reduction of 23 million in carbon pollution over a lifetime. To give you a better idea of how much that is: 23 million carbon pollution reduction equals to taking 4 million cars off the road every year.

So by installing more energy efficient appliances, you do not only save money, but keep our planet a nice place to live at the same time.

Tips to Save Money

So how can you save money on your energy bill?

  • The first thing you can do is install a programmable thermostat in your home. Studies have shown that such a thermostat leads to lower energy bills since you are able to manage your heating and cooling system more effectively.
  • Next, you can save some money on your utility bill by letting your wet dishes air dry. Most people tend to use the drying cycle of their dishwasher, something that is not really necessary and adds extra dollars to your energy bill.
  • Also, when you leave a room, ensure that the lights are off and turn off any appliances such as TVs, computers and other entertainment systems.
  • Another great way to save on your energy bill is ensuring that your home is properly insulated. It is also advised to choose double paned windows and draperies for use in your home.
  • You can also save a considerable amount of money by buying appliances, light bulbs and electronics with the ENERGY STAR label. Utilizing products of this brand will save a huge amount of energy and will decrease your utilities bill greatly.
  • Energy is not the only thing you can save money on, because you can also save on petrol. By driving sensibly, you can save a considerable amount of fuel. Try to avoid speeding, rapid accelerating and fast braking.

Energy efficiency can seriously impact the amount of money you pay each month for utilities. By making some simple changes in your home, you can gradually reduce your costs over time.

Some changes you can make in and around the home may be an investment, for example installing new electrical appliances or buying a more energy efficient television. However, the money you save by using these appliances will outweigh the initial cost of purchasing new appliances over time.

Now you know what it means to be energy efficient and how it can potentially save you money.

Can you really afford not to live more energy efficient?

Do you want to?

Not only do you save money, you are living more environmentally friendly as well, immediately reducing your carbon footprint. Now, many manufacturers make it easy and affordable to find products which will assist you in your energy efficient efforts.

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