Last Updated on Mar 6, 2020 by James W
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As you’ll probably agree, one of the biggest drains on our bank balances is our homes. When we’re not paying for redecoration, we’re forking out a fortune just to heat it! But there are ways you can significantly reduce these costs, as this post will show.
Renewable energy
The news is constantly filled with stories about soaring energy prices, with E.On the latest of the big six to announce their price rises for 2014, as the BBC recently reported. As a result, many people have lost all hope of trying to save money on energy bills.However, there are options available.
Solar panels, for example, transform sunlight into electricity, which you can then use to power your home. You will have to cover the cost to have the panels installed, but after that you could even make money. Thanks to the government’s Feed-In tariffs, they will pay you for the electricity you generate – even if you are using it in your home. In addition, any extra can be sold back to the national grid, providing a nice little return.
Recent years have seen an influx in green companies, so there’s plenty of choice when it comes to choosing a solar panel provider. Take BayWar.e. Solar Systems for example; they are one of the UK’s leading wholesale suppliers, so offer competitive prices, leaving you a greater profit margin.
Time it right
In the winter months, we become dependent on our central heating systems. To combat the cold, many of us have our heating on full blast for a large part of the day. As you can imagine, this is a sure to increase our energy bills significantly.
Instead, set your heating on a timer. Have it come on in the morning and go off when you leave for work, then come back on when you return. This way ensures you are not wasting energy heating an empty house during the day.
Switch bulbs
Switching your regular bulbs for energy efficient bulbs can save you around £3 per year, according to the Energy Saving Trust. While this may seem like a nominal figure, over the lifetime of the bulb, you could save £50 – an amount not to be sniffed at.
While many people have already made the switch, there are still some people using olderbulbs in the home. You can pick up a more efficient pack in your local supermarket, so there’s really no excuse not to!
