Save the environment & save money.
Going green is great for the environment, but that’s not the only benefit.
When you make green upgrades in your home, it can also lead to some major savings.
The first three of these five money-saving green upgrades definitely apply to homes in the Las Vegas Valley; the last three not so much.
5 Money-Saving Green Upgrades
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.
One thing to keep in mind though, if you choose to finance a solar panel system it can work against you if you’re looking to sell your home in the future.
A buyer would have to qualify for both their home mortgage loan and to take over your solar panel lease.
That’s like trying to buy a house and a car at the same time.
A rule of thumb is that to an appraiser, a basic solar panel system owned outright adds about $10k to your home sales price; leased solar panels add $0.
2. Desert landscape:
One extra tip for Las Vegas residents is to go green by getting rid of the green.
Swap out your grass yard for some water saving desert landscaping.
In the long run, you will save money on your water bill and help the community save water.
Not to mention, you get a $3 rebate per square foot of grass removed and replaced with desert landscaping form the Southern Nevada Water Authority.
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.
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.
Hope these tips help you spark some ideas on how to save money in your home, and at the same time contribute to saving the environment.
This FREE service/info is brought to you by:
Jeff Herrera, Licensed Real Estate Agent, Lyons Share Real Estate.
Serving Las Vegas and Surrounding Areas.
Have Questions? Call Today! (702) 481-4887