Energy-Saving Ideas for New Homeowners, From Free to Bigger Projects

Moving into a new home is the perfect time to set up good energy habits and spot easy improvements. Lower utility bills free up room in your monthly budget, and a more efficient home is often more comfortable, too. To make it simple, here are ideas grouped by how much they cost to put in place.

No-Cost Changes

These take nothing but a little attention:

• Let the sun help. Open blinds on cooler days to brighten rooms without turning on lights. In hot months, close shades on sun-facing windows during the afternoon to keep heat out.
• Use ceiling fans wisely. Fans make a room feel cooler, which may let you raise the thermostat a few degrees in summer. Set them to spin the right direction for the season, and turn them off when no one is in the room.
• Cut phantom power. Many electronics draw power even when switched off. Unplug chargers, game consoles and small appliances you are not using.
• Adjust your thermostat routine. Raise or lower the temperature when you are asleep or away, depending on the season.

Low-Cost Fixes

A trip to the hardware store and a free afternoon can go a long way:

• Switch to LED bulbs. LEDs use far less energy than older bulbs and last much longer, so you replace them less often.
• Install a programmable or smart thermostat. Set a schedule that matches your routine so you are not cooling an empty house all day.
• Seal drafts. Add weatherstripping to doors and caulk gaps around windows, outlets on exterior walls and plumbing openings.
• Use smart power strips for entertainment centers and home offices so several devices shut off at once.
• Change HVAC filters regularly. A clogged filter makes your system work harder. Check it monthly and replace as needed.

A Quick Word on HVAC Care

Your heating and cooling system is likely the biggest energy user in your home. Beyond filters, schedule a professional tune-up about once a year. A technician can clean coils, check refrigerant and catch small issues before they turn into breakdowns during the hottest week of summer.

Bigger Upgrades to Plan For

Some improvements cost more upfront but may pay off over many years:

• Insulation: adding insulation in the attic and, where practical, in walls can help keep indoor temperatures steady year-round.
• Windows: double-pane or low-E windows help limit heat transfer. Impact-rated windows may also add storm protection in coastal areas.
• ENERGY STAR appliances: when your refrigerator, washer, dishwasher or water heater needs replacing, choose certified models that use less energy, and in some cases less water.
• A high-efficiency HVAC system: if your system is near the end of its life, a newer, correctly sized unit may lower your costs.

Water heating is another area worth a look. Lowering your water heater temperature to a moderate setting, insulating accessible hot water pipes and fixing dripping faucets are easy steps that can trim costs. Low-flow showerheads and faucet aerators reduce hot water use without a big change in comfort.

Not every home needs every upgrade. A home energy audit, sometimes offered through your utility company, can show which projects are likely to give you the most benefit for your money.

Paying for Larger Projects

If you have built up equity, a home equity line of credit can be a flexible way to fund upgrades over time. If you are still shopping and the home you love needs work, a renovation option like the FHA 203(k) loan may let you finance qualifying improvements with your purchase.

Want to talk through the best way to pay for a project? Contact FLO Mortgage and one of our loan officers will be glad to help.

This article is for general education and is not a commitment to lend. All loans are subject to credit approval, underwriting guidelines and program availability. FLO Mortgage, Company NMLS #1835856. Equal Housing Opportunity.