There is no doubt that energy bills will be on the minds of many, so to put your worries at ease a little, here are some tips to help you save energy.
Now there are some obvious ones – but the classics work. Not leaving electric appliances such as TVs or laptops on standby is a sure-fire way of saving energy in a time when you inevitably use more energy on heating. You can also deal with any draught prone areas in your home and do your washing at a lower temperature – but let’s have a look at some of the most effective ways to save energy over the winter.
Switch to energy-saving lightbulbs
Although switching every light bulb in your house for more expensive LED bulbs seems like it could be a bit pricey, the newer energy-saving light bulbs last considerably longer than regular ones and can therefore be cheaper as an overall investment. Many have a rated life of up to 50,000 hours – that’s 12 hours a day for over 11 years! Not only will you not have to regularly replace them, but they use so much less electricity than regular lightbulbs, so you’ll be making even more savings on your energy bill.
Don’t default to heating
Obviously, this is a personal choice, but if you are someone who is particularly environmentally conscious (or money-conscious for that matter) there are alternatives to simply turning up the thermostat on a chilly evening.
Dress for the occasion!
If the evenings are a little chilly, perhaps you could wear a jumper and dig out those fluffy socks at the bottom of your draw. Turning your heating down by just 1°C could reduce your bill by 10%.
Service your boiler
If your central heating runs on gas or oil, you should aim to get it serviced roughly once a year by a qualified professional to ensure it’s running as efficiently as possible. Older boilers can become inefficient over time and could be costing you considerable amounts of money by hiking up your heating bills. If you think you may be due a new boiler, the beginning of winter may be the best time to do it as you can make the most of its efficiency when it matters most.
Now, this one is obviously quite the investment, but also has the potential to save you thousands in the long run. Installing solar panels is becoming increasingly popular in conjunction with the ongoing climate crisis and there’s never been a more critical time to join the fight. Perhaps you managed to save some money during the pandemic ready for a rainy day (or a sunny one) and could use it to finance the installation.
If your mortgage rate is coming up for renewal, you could benefit from switching to a new lender with the help of OVISO. This scenario applies even if your mortgage deal doesn’t end for six months or before.
To find out more about mortgages, personal insurance, business insurance and protection or to discuss the options available for your circumstances, contact our team of advisors