First Time Homebuyers Can Save Energy and Save Money This Summer
Posted by Eric Skates on
Typically, the rate of buying homes increases during the summer months. So does the amount of energy we use. Between family members being home more often this time of year, using more energy, and the spike in heat, it makes sense that our energy use (and those bills) are going to increase.
BUT, if you’re a homebuyer looking to purchase this summer, the team at EPM has some things you should keep in mind to make sure you know how to save energy and save money this summer, and all year.
Smart-Home Benefits
There are many benefits to investing in smart home devices. Many new homes are even built with smart home technology. This is automated tech that keeps you home more energy efficient and safer at the touch of a button. Tech innovations make it easy to control almost anything in your home from lights, to thermostats, to window and door locks and more at the touch of a button. This makes it easy to save on energy costs by ensuring the thermostat is at the right temperature, making sure doors and windows aren’t left open and lights and other electronics aren’t left on when nobody is in the room. When searching for your new home, smart home technology might be well worth the investment in the long run to save you time, worry, and money when it comes to safety and energy costs.
Energy Efficient Tax Credits
Addressing things like air leaks, insulation, windows,doors, and skylights, air conditioning, solar and thermal energy, and appliances to make sure your home is energy efficient isn’t just better for the environment, it's better for your wallet.
ENERGY STAR Federal Renewable Energy Tax Credits can save you money whether you are installing equipment in a new home, or making improvements on an existing home. Learn more about saving money with Energy Star Products by clicking the link.
Energy Efficient Mortgages
Department of Housing and Urban Development initiated the Energy Efficient Mortgage in the 1990s. You can read up on its expansions here. Whether you are looking at getting into a new home or refinancing and looking to cover some costs, VE, FHA, and Fannie Mae. Contact a lender at EPM to learn more about what options are available in your state.
What You Can Do at Home Everyday to Save Energy (and Money)
Aside from major changes and considerations addressed above, there are also simple things you can do everyday to make sure you're conserving energy in your home.
From changing the thermostat (up or down depending on whether it’s summer or winter) to washing clothes in cold water, check out this throwback blog post from EPM with the top 10 Tips to Save on Energy Costs.
EPM is dedicated to helping individuals and families find home loan options that work for their specific needs! If you're ready to start your loan journey, contact us (877) 255-3554 (Toll Free) orfill out an application online today.