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It is Easy to Save Money and Our Planet at the Same Time

I reduced my LIPA bill by more than half and so can you!

In previous blog posts I have reminded the community that humans are rapidly warming the climate by adding massive amounts of heat-trapping gases such as carbon dioxide. It is urgent that we begin reducing these emissions now so that our climate does not change in a way that we cannot adapt. The good news is that one way to do so is to become more energy efficient and that means saving money. Who doesn’t like saving money? And if we can save the planet while doing so, well, that is a great bonus!

I have reduced my LIPA bill from $186/month in 2008 down to $86/month in 2012. $100/month right into my pocket and I have to tell you, it feels good keeping my money instead of sending it to LIPA. Images #1 and #2 show my LIPA bills from 2008 and present.

Back in 2008, I blogged about how I reduced my LIPA bill from $186/month down to $147/month by:

  1. Changing all of my light bulbs to CFL (Compact Fluorescent Lamp)
  2. Turning down the oil burner thermostat *
  3. Changing the line-powered sidewalk lights to solar
  4. Insulating all my copper piping *

* When the burner is not running it saves electricity while also dramatically reducing heating oil expenses.

I recovered the up-front cost of these changes in six months and today CFL bulbs are much cheaper so savings will come sooner today.

In a blog post titled Put a Chill on Your High Electric Bill, I showed how replacing my old refrigerator with a new energy-efficient unit is saving me $263 per year which means I will save enough money in 4.5 years to pay for the refrigerator. Every year after that is money in my pocket! Image #3 shows the savings from my new energy miser vs. the old energy hog.

In my blog post titled LED Me Tell You About My Light-er Electric Bill, I showed how using LED bulbs in the most used light fixtures can save money even though the up-front cost appears at first glance to be quite high. According to Philips, these bulbs will last 18.3 years if used an average of three hours per day. (Home Depot will replace them for life so there is no risk!)  Based on three hours per day at my current LIPA rate of $0.17/kWh, each bulb will save me $44.20 over that 18.3 year lifetime.  At $11 per bulb, the energy savings will pay for the bulbs in about 4.5 years.  (Of course, the assumption is that energy rates will not rise in the next 4.5 years.  I assume that the rates will rise and I will achieve my cost savings sooner.)  As an added bonus, these bulbs cast off almost no heat
which is a huge improvement over the older bulbs that quickly heat up the dining room to uncomfortable levels in the warmer seasons.

Some other simple green actions that my wife and I do that reduce our carbon footprint and save us $$$:

  1. Hang clothes out to dry when possible.(You might wish to ask your neighbors if they mind.) BTW, the clothes smell great this way.
  2. Programmable thermostats. I have three zones and program each zone to turn down when not in use. During the day when nobody is upstairs, why run the heat there? At night, when we are all upstairs sleeping, why heat the 1st floor and basement play room?
  3. Turn off lights and unplug any chargers when not in use.
  4. Run ceiling fans instead of A/C when it is not too oppressive.
  5. Cook on the grill almost every night. Propane is much cheaper than running that range or oven every night and the oven can heat up your house during summer thus competing with your AC. Grilling is also healthier than many other ways to cook food.

 

Some will claim that slowing climate change is too costly. Nonsense! I have showed here how reducing my carbon footprint actually saves money and many experts agree.

I am eager to hear what you have done to become more energy efficient.

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MP Majority May 17, 2013 at 01:41 pm
Spoken like a true teacher. Did you know that the average school teacher is only paying 15% of theRead More actual cost of health care premiums for themselves and their families, when Medical healthcare insurance premiums are rising at an alarming 17% per annum? Do you realize that teachers are paid an additional stipend if they work more than 3 consecutive periods in a day? Are you aware that teacher pensions were protected during the stock market crash of 2008, when the average person's 401K was totally at risk? Perhaps if teachers realized how good they have it - look at the BIG picture and outside of their bubble - then they would complain less. Oh and yes, we need our loftily-paid Administrators to kick in some of the salaries, to help pay for stuff. Hard to believe the school districts' mantras that "it's all for the kids".