Have you felt your purse strings tighten over the last few years? If so, you’re not alone. We have all been left with less disposable income each month as costs rise for all the basics.
On top of this, it has become even more expensive to move home. This means it makes perfect sense to make the most of your current property and find ways you can start to generate long term savings and improve your finances.
Take a look at the different options we list below:
Install solar panels on your rooftop
How much do you really know about solar? Well for starters you don’t need to live in Mediterranean heat to benefit. Solar panels will provide your home with electricity throughout the year from natural daylight.
With this, you can make substantial savings on your energy bills, whilst also earning a very lucrative income with the Government’s feed-in tariff scheme. Solar panels will also work efficiently for over 25 years, so you’ll have decades of savings.
Install LED lighting for your home
Lighting actually uses plenty of electricity in your home, so it’s time to become more efficient in this respect and invest in LED lighting. LED lighting can actually save you 70% compared to standard light bulbs, and you simply swap them around.
Whilst the initial cost may not be cheap, they’ll last for 15 years, saving you that extra bit of money on replacements too.
Energy efficient electrical appliances
With modern gadgetry we’re all using more electricity than we were 20 years ago. HD and 3D TVs are just two examples of this. So your bills aren’t drastically affected, make sure to look at the energy ratings of appliances you invest in. They’re rated from A-G, with A being the most efficient.
Insulation for your home
Insulation is a major contributor to helping you save money on your bills. Heat is lost in a number of ways, such as through the walls, windows and loft. That means you want to invest in insulation to help lock this heat inside the home.
And the good news is you can repay the investment in just a couple of years, because insulation will save you hundreds of pounds on a yearly basis. Loft insulation is an excellent start as heat naturally rises, whilst wall cavity insulation is inserted between your inner and outer walls.
Install a home fuel cell
These home fuel cells have been around for a while now, with big companies keen to use them such as Google and eBay. They help to reduce energy costs and lower the carbon footprint. Whilst they have always been slightly too large for home use, Japanese companies have recently created home versions that are practical and well suited to domestic life.