Investing In Energy-efficient Appliances: Long-term Profitability

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Using less energy means extra savings for you. While there are many ways to save money at home — such as adjusting the thermostat, unplugging appliances when you’re not using them, and turning off the lights — one additional way to incorporate extra energy savings into your daily routine is to swap out old appliances for new ones. more energy efficient.

Investing In Energy-efficient Appliances: Long-term Profitability

Investing In Energy-efficient Appliances: Long-term Profitability

While it’s not a quick fix, investing in energy-efficient appliances can mean investing in your financial future. The Energy Star logo is one quick way to identify equipment that can save you money over time.

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But what does the Energy Star logo actually mean, the white star and writing on a blue background? Because Energy Star certification is applied to a variety of equipment and other technologies, it means different things in different contexts. Below we’ll take a closer look at the Energy Star label, what it means and how it can save you money. For more energy saving tips, try these ceiling fan hacks to save on energy bills and move your smart thermostat to the ideal location for the best savings.

Energy Star is a government-backed program to identify products and equipment that meet certain energy efficiency standards. It was founded in 1992 by the US Environmental Protection Agency as a way to promote products designed to use less energy and reduce recurring costs for consumers.

You can find this yellow marking on Energy Star equipment, or on online product pages. Energy Star

The EPA and Department of Energy decide which products receive the Energy Star designation. The agency rates products in more than 75 categories, with standards varying depending on the specific equipment.

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As a general rule, the EPA uses several guiding principles to determine which products earn the Energy Star label. These principles:

The way to determine it is different for each category. For example, refrigerators must be at least 15% more efficient than federal minimum efficiency standards. The TV should consume 3 watts or less when turned off — about 50% less than the average TV. The bulbs must use two-thirds less energy than standard incandescent bulbs.

The EPA and Department of Energy have defined 75 product categories that are eligible for certification. Some of these categories include appliances such as washers, dryers, air conditioners, and refrigerators. Computer monitors and televisions are also rated, as are ceiling fans and swimming pool pumps.

Investing In Energy-efficient Appliances: Long-term Profitability

Energy Star does not create different levels of energy efficiency. It applies certification to any eligible product. However, it maintains a list of the most efficient products in each category. Products that achieve this achievement receive the Energy Star label, which certifies that the product was deemed the most efficient in its category in a given year. A complete list of Energy Star Most Efficient products can be found on the Energy Star website.

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Energy Star also offers scores for commercial buildings, ranging from 1 to 100. These scores are based on comparisons with other buildings with similar primary uses that have been rated for energy efficiency. But for consumer products, they either qualify or they don’t.

If you’re looking for a way to determine the energy efficiency of a particular Energy Star product, check its EnergyGuide label. These labels, required by the US Federal Trade Commission, tell consumers how much energy a product consumes and how it compares to other products in the same category. This label usually appears in yellow on a product or online on a company’s product page.

There are a number of ways that Energy Star products can save you money. The first way is through energy efficiency. More energy efficient products tend to save you money in the long run by lowering your energy bills. Energy Star certification is awarded to products that save consumers money compared to less efficient alternatives by reducing energy costs.

It should be noted that the impact of Energy Star products will vary depending on your overall use. Additionally, suppliers in some regions charge more for energy consumed during peak hours. If your utility company operates on a time-of-use system, you may have to pay more to use your equipment during times of higher energy demand. Energy Star products will still operate more efficiently and consume less energy, but the savings may not be as much as you expect.

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Another way Energy Star products save you money is through tax credits. Some cities, states, and even the federal government have incentive programs to encourage consumers to purchase energy-efficient products. This makes choosing energy efficient products more affordable, although the upfront costs may be more expensive than less efficient products.

The Energy Star label is an important tool for consumers looking for new products and equipment. By looking for the Energy Star label, you can ensure that the product you purchase is more energy efficient than most alternatives. This will save you money and help reduce your impact on the environment. Many household appliances are energy-intensive and, in turn, use more power than they actually need. That’s why one of the easiest ways to lower your energy bills (and reduce your carbon footprint) is to use energy-efficient appliances.

Looking for the Energy Star label on appliances is the best way to ensure they are truly energy efficient. In fact, products that have been certified by Energy Star will be between 9 and 50% efficient compared to industry efficiency standards.

Investing In Energy-efficient Appliances: Long-term Profitability

Let’s find out which appliances will have the highest efficiency in 2023 and which will save you the most on your electricity bill.

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*Note: This is an unbiased review: we have no financial ties to any of the companies mentioned, nor do we make money from affiliate advertising. The content of this blog is based on research and information available at the time of writing.

Every year, Energy Star lists the most energy-efficient product categories. We’ll look at each of these pieces of equipment, as well as how much it will cost you (and more importantly,

With the average American family washing more than 300 loads of laundry each year, an energy-efficient washing machine is essential, as it can be a great way to lower your electricity and water bills.

A clothes washer that has been certified by Energy Star will use approximately 25% less energy and 33% less water than a regular washing machine. There are more than 50 Energy Star certified washing machines available from a number of different manufacturers, with LG being the most dominant brand with 24 certified models to choose from.

Energy Efficiency At Home

According to Energy Star, purchasing a certified washing machine will save you approximately $370 in energy costs over the life of the product, which is between 11 and 14 years. You can purchase an Energy Star certified washer for between $649.99 to $3,149.99.

Your clothes dryer is often one of the most energy-intensive appliances in your home, especially if you have an outdated device. Inefficient dryers also produce the most emissions and leave one of the largest carbon footprints of any household appliance.

For a dryer to be certified by Energy Star, it must use 20 percent less electricity than conventional models. Dryers achieve this by using lower temperatures and incorporating sensors to detect when clothes are dry, and more than a third of models certified by Energy Star are manufactured by Miele.

Investing In Energy-efficient Appliances: Long-term Profitability

No gas dryer has received Energy Star approval; The 27 models certified by Energy Star are all electric.

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An energy efficient clothes dryer will provide minimal financial savings, but will reduce carbon emissions and clothing wear and tear caused by over-drying.

Using a certified dryer model will still save you about $20 per year on your electric bill. Energy Star certified tumble dryers are also quite expensive, at over $700, so it’s up to you whether the environmental benefits are worth the price here.

The energy efficiency of refrigerators has improved drastically in recent years. With innovations in insulation and compressors, refrigerators are becoming more energy efficient without sacrificing performance.

Energy Star certified energy-efficient refrigerators are at least 9% more efficient than standard models, and the options are always available. In fact, there are hundreds of certified standard and compact refrigerators to choose from, with some models saving you more money than others.

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When looking for an energy-efficient refrigerator, you’ll likely come across brands like Frigidaire, Danby, or Insignia.

According to Energy Star, with a new certified refrigerator you will save more than $200 over the life of the product, which can be up to 12 years. With refrigerators ranging from $300 to $7,500, you can have an energy-efficient option even if your budget is limited.

The $1,299 Miele G 5056 SCVi SF dishwasher was featured on Energy Star’s list of most efficient appliances. Image source: Miele

Investing In Energy-efficient Appliances: Long-term Profitability

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