Over the past couple of years much has been made of the Federal government’s stimulus package that included upgrading your home with energy efficient appliances. Products labeled with the Energy Star logo have been termed by the Environmental Protection Agency as being more energy efficient than other appliances for your home.
In my own experience, we were able to replace our appliances gradually as we were able to afford them instead of all at once. Here are some factors to consider when investing in Energy Star improvements in your home appliances.
Over the long term, your energy bill will be smaller. Even if you save just ten percent of your energy bill throughout the year, when you add up thirty or more years for which you own a home the savings add up to thousands of dollars over the life of the appliances. The Federal government has tax incentives for up to 30 percent of the cost of appliances up to $1,500 that expire on December 31, 2010.
Your home’s overall value will increase twofold. First your house will be worth more because you have newer appliances in your dwelling and second because your energy bill is less. If you ever put your home on the market these will be two selling points that may give you an edge.
Your home will look nicer and newer on the inside. Perhaps it is time to go out with the old and put new and updated appliances in your home. Not only will your home look and feel newer but your energy bill will also be lower.
Energy Star labeled products use less energy than comparable products without sacrificing quality, durability, and performance. They are high-quality goods that have warranties should they fail to meet manufacturer’s specifications.
When you use less energy in your home, your local power plant will have fewer emissions. This will lead to a smaller carbon footprint for your home whether you bought an air conditioner, freezer, dishwasher, or washer/dryer combo.
Many homeowners are turned off by Energy Star products because of the short term costs involved. Especially in these tough economic times, an entire house full of new appliances may not be cost effective.
If you take into account the tax incentive for the Federal government, you may not be able to buy a lot of appliances. The incentive is for appliances up to $1,500. If you want to outfit your entire home it will likely go above that price.
You may have a hard time deciding what appliances will be best for your home. You may want to get a new air conditioner/heater as they tend to gobble up a lot of energy but if your home needs to be insulated then it may not be a good fit. Outfitting your home with a fridge and freezer may be a better option if your home already doesn’t handle your interior temperature very well.
If you buy an Energy Star appliance you may not have space for it. If the refrigerator you purchase is bigger than the one you have it may not fit into your kitchen space especially if you have an older home. Space considerations may limit the types of appliances you can purchase.
One last disadvantage to buying an Energy Star product would be your economic status or job status. If you are planning on moving or changing jobs then a new slate of Energy Star appliances may not be appropriate if you are moving soon.
The Energy Star website provided information for this article.