Whether you're considering a complete overhaul or slight renovation to your home, energy improvements can save you up to thousands of dollars per year.
When Bruce Sullivan set out to build his dream retirement home in 2015, his goal was to get his utilities costs as low as possible.
As a result, Sullivan's energy bill is just $10 per month to cover the administrative fees the utility company charges. The monthly water bill is also low, due to dual flush toilets and low flow shower heads."Those are earnings that will come back to me over time, and it just gets better every year," Sullivan said.
RESNET also provides a home energy rating system, which scores homes based on their energy efficiency. Once raters do a professional analysis of your home, you can see which areas need to be improved.For example, a homeowner could borrow $25,000 or $30,000 with a home improvement loan, and use that money for energy conservation efforts such as sealing heating leaks or installing solar panels.
If you do not have much cash available, there is good news: There are improvements you can make without a professional and without paying a lot up front. For each wall surface, insulation can run from $2,000 to $4,000, Kernan said. If you are buying enough insulation, you can sometimes rent the blowing machine needed to install it for free, depending on the store, he said.
Once the company's technology is installed inside the electrical panel of your home, it measures how much energy is being used in real time.
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