Reduce Your Heating And Cooling Expenses
The largest portion of electricity costs in the average household is from heating and cooling appliances. Central air conditioners and heaters use lots of energy in order to keep your home set to the right temperature. Upgrading to more energy-efficient appliances can save you big bucks.
Heat pumps
If you currently have an HVAC system that runs on oil, propane, or traditional electric resistance (like baseboard heat or electric furnaces), you can save around $1,000 per year by switching to a heat pump! WorkMoney has partnered with Rewiring America to help you navigate the upfront costs, and available tax credits and incentives by installing a heat pump.
Water heaters
Want to save hundreds of $s a year? You may be able to change out your current water heater to a heat pump hot water heater. This type of hot water heater transfers heat instead of creating it which means this can save you money on energy costs. Plus, there are rebates and tax incentives that can cover some of the upfront costs. Rewiring America can help you determine if this might be a good option for you to save money going forward.