Go Symbol Lookup
Loading...

Smart Ways To Cut Energy Costs At Home

 Text Size  
Published: Monday, 13 Jun 2011 | 9:59 AM ET
By: Elizabeth Alterman, |Special to CNBC.com
Source: U.S. Dept. of Energy

Out With the Old, In With the New

When replacing worn-out appliances, particularly heating and cooling systems that are over 15 years old, Vargas encourages consumers to look for the ENERGY STAR label.

Former New Jersey Governor Christie Whitman, who served as administrator of the EPA from January 2001-May 2003, also recommends seeking out the blue label when looking to replace “something as big as a refrigerator or as small as a light bulb.”

“People need to understand that the cumulative impact of their individual behavior can make a difference,” says Whitman. “Those figures [2010’s statistics] show you how much people save the environment over the useful time of the appliance. People tend to say ‘What difference will it make if I use ENERGY STAR? One person is not a big deal.’ Look, if you do it and your neighbor does it and your neighbor’s neighbor does it, then all of a sudden this is the impact you have.”

Whitman says initially there may have been some resistance to purchasing ENERGY STAR products because shoppers believed they were sacrificing quality for energy efficiency.

“People thought they were giving up something,” explains Whitman. “My ENERGY STAR appliances are better than any I’ve had before. They’re efficient, they’re quiet, they’re quick, they’re all the things that you want in a product. People get good quality for the money they spend on them.”

For Gigante, when it came time to replace his refrigerator, he sought out a high-efficiency model.

“The fridge that replaced my old fridge uses half the electricity,” he says.

Unplug and Save

The average American household has 24 consumer electronics products, which includes three televisions, two DVD players or recorders, at least one digital camera, one desktop computer and two cell phones, among others, according to the Consumer Electronics Association,.

In the average home, 75 percent of the electricity used to power those gadgets is consumed while the products are turned off. This is also known as “vampire” loss because energy is being sucked out of consumers home while not providing any useful function.

According to ENERGY STAR, the average U.S. household spends $100 per year to power devices while they are off or in standby mode. On a national basis, standby power accounts for more than 100 billion kilowatt hours of annual U.S. electricity consumption and more than $10 billion in annual energy costs.

This can be avoided by unplugging the appliance or using a power strip and using the switch on the power strip to cut all power to the appliance, ENERGY STAR suggests.

When you finish charging your iPhone or your iPad unplug the charger from the wall — don’t just unplug the device, unplug the charger or otherwise it’s drawing power,” says Whitman. “These are things you can do that you don’t have to sacrifice anything.”

Tax Credit

For those who may have been left out in the cold by not taking advantage of the 2009-2010 tax credits, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 extends the tax credits for energy efficiency into 2011, but at less-generous levels.

The levels revert back to those in effect in 2006 and 2007, which were 10 percent of the cost of the improvement, up to $500, with a $200 max for windows, with most pertaining to an existing primary residence.

Energy and You - A CNBC Special Report

For a complete list of available tax credits, visitENERGY STAR’s website.

By making some changes in both product choices and lifestyle habits, the summer electrical bills don’t need to have you breaking out in a sweat. When things heat up this summer, save energy and save money — there’s nothing cooler than that.

 Print
Choosing energy-efficient appliances, such as Energy Star, making a few small repairs and adjusting some behavior can help consumers save hundreds of dollars a year in energy costs.

   
Comments

 

More Comments

 
 

Add Comments

 

Your Comments (Up to 1100 characters):

Remaining characters

Your comments have not been posted yet.

Please review your submission to make sure you are comfortable with your entry.

Your Comments:


                
            
            
        

Energy

  • Oil reversed early gains on Tuesday, as speculation widened that the Federal Reserve might pull back on its easing.

  • CNBC's Melissa Lee and the Fast Money traders discuss the day's top trades and the stocks they'll be watching Tuesday.

  • CNBC's Sharon Epperson takes a look factors that contributed to the major reversal in precious metals on Monday and what sent oil prices to a 7-week high. She also discusses events in the the coming days that could impact the price action in energy and metals.