Bankate.com
 
News and AdviceCompare RatesCalculators
Glossary  |  Help  
 
 
- advertisement -
 

Winterizing your home

Page | 1 | 2 | 3 |

When winterizing your home, you'll also want to look closely at the age and efficiency of your furnace. It may be time to replace your furnace if it is more than 15 years old, in need of frequent repairs or your energy bills are going up.

- advertisement -

Though more expensive at the checkout, an Energy Star-qualified furnace, when properly sized and installed, along with sealed ducts and a programmable thermostat, can save consumers up to 20 percent on heating bills, according to the Alliance to Save Energy.

Insulation, which keeps your home cool during the summer and warm during the coldest months of the year, is the last important player on the utility cost stage. Many homes, especially older houses, are underinsulated, an easy problem to correct.

The easiest place to add insulation is usually in the attic. Homeowners can tell if they need more by looking across their uncovered attic floors.

If your insulation is level with or below the attic floor joists, you probably need to add more insulation, according to an Energy Star report.

Here too, the government offers a consumer-friendly system for comparing the energy efficiency of insulation. The recommended insulation level for most attics is R-38 (or about 12 to 15 inches, depending on the insulation type). In the coldest climates, insulating up to R-49 is recommended.

Finally, if you plan to stay put for any length of time, it may pay to invest in a little strategic landscaping.

The Alliance to Save Energy notes deciduous trees (those that lose their leaves annually) give protection from the summer sun and permit winter sunlight to warm your home.

Plant trees on the south, east or west sides of your home. If harsh winds are a problem, you might also create a windbreak, of sorts, with evergreen trees and shrubs.

Help from Uncle Sam
Before you bag the idea of big-ticket upgrades, keep in mind the price tags of energy-efficient products may be smaller than you think.

Consumers who purchase energy-efficient windows and appliances may benefit from one-time consumer tax credits, including a credit of up to $200 on exterior windows and storm windows, and up to $300 on the purchase and installation of a new heat pump or water heater.

To determine which energy-efficient home improvement jobs qualify for the tax credit, see Bankrate's story on "Tax credits for energy improvements."

In the end, if you take steps to winterize your home, you and the environment come out ahead. Lower energy use, of course, translates into lower utility bills, less air pollution from power plants and a stronger economy.

"We're all in this together," says DOE spokesman Shradar. "Not only will energy conservation strategies put more money back in your pocketbook, but it will also help America reduce our dependency on foreign sources of energy."

Next up: "Do-it-yourself energy audit"

Bankrate.com's corrections policy -- Posted: Nov. 19, 2006
Create a news alert for "saving"
Page | 1 | 2 | 3 |
RESOURCES
Do-it-yourself energy audit
Is it time to replace the furnace?
Tax credits for energy improvements
TOP PERSONAL FINANCE STORIES
Nobody's income too low for debt help
Borrowing terms get better for students
Car-sharing picks up speed



Compare Rates
NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 6.14%
48 month new car loan 6.51%
1 yr CD 3.69%
Rates may include points
ADVERTISING PARTNERS
 
- advertisement -


News & Advice | Compare Rates | Calculators
Mortgage | Home Equity | Auto | Investing | Checking & Savings | Credit Cards | Debt Management | College Finance | Taxes | Personal Finance
About Bankrate | Privacy | Online Media Kit | Partnerships | Investor Relations | Press/Broadcast | Contact Us | Sitemap
NASDAQ: RATE | RSS Feeds | Order Rate Data | Bankrate Canada | Bankrate China

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2008 Bankrate, Inc., All Rights Reserved, Terms of Use.