Conserving electricity in your new home can help you save a significant amount of money that you would otherwise spend paying power bills. But, to save money in the long run, you must make certain changes and upgrades to your home. You can use a top-up loan available at nominal interest over your existing home loan to make these smart changes in a more affordable way. Take a look at 5 things that you can do to conserve power and save money.
Install solar panels
With advancement in solar energy technology, you can install solar panels to provide your home with electricity without spending excessively. These panels consist of photovoltaic cells that absorb the sun’s radiation and convert it into electricity. This is the perfect solution if you face frequent power cuts. Solar panels cost around Rs. 7,000 per unit, but the total cost will depend on the size of the house, the number of gadgets, etc.
Switch to energy-saving air conditioners
With the introduction of the energy star ACs, you have the chance to benefit from optimal cooling while lowering your energy consumption. The higher the star rating, the more energy efficient your air conditioner will be. A 1-ton, split AC with a 5-star rating will cost you around Rs. 25,000.
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Pick a gas stove instead of an electric cooktop
While electric cooktops offer a higher level of convenience, they consume a lot of electricity. So, it is a better idea to select a regular gas stove. Even though it requires you to cook food the traditional way, it functions on gas and does not hike up your power consumption. A high-end 4-burner gas stove will cost you around Rs. 5,000.
Buy energy efficient refrigerators
Refrigerators are indispensable, and run in your home all through the year. So, it is natural that they consume a significant amount of energy to provide optimal cooling. This makes it especially important for you to pick a 5-star refrigerator. This one-time investment will help you lower your electricity consumption by leaps and bounds. A single-door 5-star refrigerator will cost around Rs. 18,000.
Use air coolers wherever possible
Even though there are numerous power-efficient air-conditioners, the power-efficiency of a cooler is better. If you need a portable cooling solution or if you live in dry areas, you’ll find that air coolers work just as well as air conditioners. So, if possible, reduce your dependency on air conditioners and swap them with air coolers. A sleek tower air cooler will cost you around Rs. 11,000.
With these 5 solutions, you can make your home more environment-friendly and ensure that you keep costs low too. The initial investment certainly outweighs the long-term financial benefits that you stand to accrue.
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