Five money-saving green upgrades to your home
1. Solar panels:
The upfront cost is big, but the long-term savings are huge. Solar panels will cost several thousand dollars to install, but ongoing maintenance costs are very low, and a typical system could save you hundreds of dollars per year. You can even sell your surplus electricity.
2. Wood furnace:
Wood-burning furnaces are relatively inexpensive, and though the yearly savings aren't as dramatic (about 10% on heating bills), it adds up over the long run.
3. Insulation:
There's a good chance your insulation isn't very efficient, especially in older homes. Look into installing floor, cavity, wall, and loft insulation to reduce your heating bills.
4. Rain barrels:
Rain barrels are extremely inexpensive, and provide gallons of free water to use when you wash your car or water your garden.
5. Geothermal system:
OK, so the price tag is scary at first. A geothermal system uses the earth's temperature to heat and cool your home, but can cost $30,000 to install. But tax credits allow you to get a lot of that money back, and the energy savings average about $1,900 per year. If you plan to be in your home for a decade or two, it's a great investment.