Home Energy Prices
Most homeowners spend between $383 and $19,510 nationally. Get free estimates from local solar & home energy contractors.
The electric bill you receive every month in today's society is perhaps the most important one to pay. While home energy costs can become very expensive very quickly, your individual costs depend on your individual energy usage as well as variables unique to each home. In addition, there are things you can do to lower your monthly energy bill to a fraction of what it once was. It is critical to understand all the variables that go into making up your home energy costs.
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When thinking of their energy bill, most people remember common things such as leaving lights or other electronics on when not in use, excessive computer use, or even the size of a house. In reality, although energy can certainly be saved by turning off the lights when you leave a room, it is more frequently the things you do not consider that are the most costly.
In the average American household, heating and cooling expenses account for between 30 percent and 50 percent of all utility bills. This is a staggering number that can be affected by a several different circumstances. However, the most important thing you can possibly do as a homeowner is ensure that your entire house is not only insulated, but insulated properly.
Insulation is rated on a scale of R-values – defined by how well it impedes the flow of heat. The necessary R-value to insulate a room is determined by the size of the room, its placement in the house, and particularly its proximity to the elements. Very often, old insulation was installed regardless of R-value and is not adequate for the area it is covering. Insulating interior walls and ceilings can also do wonders to keep your home a consistent temperature in the winter and summer months. When in doubt, you should get an energy evaluation done on your home to see what specifically can be made more efficient.
In addition to proper insulation, you should also consider where your home energy is actually coming from and evaluate its cost-effectiveness. Naturally, installation of solar panels to convert natural sunlight into energy can be a costly choice in the short-term. However, there are many reasons it can not only be a green solution to your energy problems but also a very viable long term investment.
Once the panels are installed, you can start powering your home with sunlight. Although it may take a year to get your investment back, this can prove to be a profitable venture to save on energy costs. Especially in the instance of areas with a lot of sunlight, the energy your panels generate can be much more than the energy you use. This energy does not go to waste, however – the electric and power companies themselves will actually pay you for the excess energy your panels provide. Not only does this make solar energy profitable for you, it also makes energy cheaper for everyone else. In addition to the premiums you will receive from the power company, you will also be entitled to a number of tax write-offs from the Federal government.
Last updated on May 2, 2017