Energy takes a massive bite out of household budgets, with the average family spending about $2200 each year on utility bills. However, if a house is insulated, much less energy will be used in heating and cooling to achieve a satisfactory temperature. Efficient energy use is achieved primarily using a more efficient technology or process. Electric vehicles, energy-efficient buildings, and companies going for a zero carbon footprint could altogether cut the world’s energy needs by one third until 2050. This could greatly help our atmosphere to start recovering from human-induced damage that led gradually to climate change in the first place.
What is Energy Efficiency
Energy efficiency means using less energy to provide the same energy level and, therefore, reduce our carbon footprint. Making homes, vehicles, and businesses more energy efficient is seen as a largely untapped solution to addressing global warming and fossil fuel depletion.
Benefits of Energy Efficiency
Energy-efficient devices can reduce energy consumption by half. However, reduced utility bills are only the beginning. Energy-efficient efforts enable many stakeholders to reap financial benefits while improving the quality of life of residents.
- Increase the Value of Your Household
Installing solar panels and smart devices increase the value of your home. Whether you will be renting or selling, you can ask for a higher price.
- Reduce Expenses
Energy-efficient buildings can significantly reduce operating costs. Besides the savings you’re your annual utility bill, you will learn more about your consumption to identify areas further to cut costs. When it comes to electricity prices, there are so many different providers that rates can vary greatly. Once you know your usage, you can identify the best rate for you.
- Qualify for Subsidies and Incentives
Governments are offering many schemes to encourage their citizens to go green by installing solar panels and buying electric vehicles.
- Reduce pollution – Build a CSR Reputation
Less energy consumption equates to less carbon and less pollution. This directly improves the quality of life of everyone on the planet. Moreover, being labeled as a responsible company can bring you many opportunities if you have a business. Corporations such as L’Oréal know very well the importance of CSR.
- Psychological Benefits
Natural lighting makes a home or office more comfortable, increases productivity, makes the space more appealing, and makes its inhabitants happier.
Simple Energy Efficient Tips
As mentioned earlier, being energy efficient implies doing the same things while consuming less energy. There are so many ways you can use energy more effectively and efficiently every day; all you have to do is be creative.
- Wash your clothes and dishes on eco mode– don’t worry, they will still be clean
- Wash only full loads of both dishes and clothes
- Air dry your dishes and clothes – it’s only going to take a bit longer.
- Unplug your devices when you are not using them to avoid phantom energy waste
Invest in smart devices such as a programmable thermostat that can save you up to $100 a year. You won’t risk forgetting to turn off the heating, and the system will suggest the most energy-friendly model.
- Invest in LED light bulbs and save about $90 a year in electricity costs. You will save even more as they will last longer than traditional ones.
- Invest in Energy Star licensed appliances that use up to 50% less water and energy than traditional appliances.
Takeaway Choosing an energy-efficient lifestyle will not only benefit your budget but also your overall quality of life. Moreover, a responsible business that understands CSR’s value and takes action beyond words is in for a shower of new opportunities. The bottom line is that being environmentally friendly does much more than save you money.