What can homeowners do to keep costs under control as electricity prices continue to rise? With energy costs rising year by year, should we simply accept it is a fact of life that household expenditure must also increase? Or are there ways of fighting back, by being more efficient with the use of resources in the home?
According to the Carbon Trust, a greater level of understanding over the use and application of low-energy technologies can make a real difference. The organisation says there are various ways households can reduce their energy consumption without impacting on standard of living – it is simply a case of raising awareness about them.
Upgrade your light bulbs
Myles McCarthy, director of implementation at the Carbon Trust, explained that one of the simplest ways to reduce electricity bills is to upgrade your light bulbs. Speaking to the BBC, he explained how straightforward it is to replace traditional lighting solutions such as incandescent bulbs with LEDs.
Since LEDs have no moving parts and do not generate heat when supplied with an electric current, they require much less electricity to create a light source than incandescent bulbs or halogens. With these legacy solutions, up to 90 per cent of the energy used is wasted as thermal – essentially a by-product of the light needed to illuminate homes and businesses.
As such, it costs much less to power LED light bulbs than other models – money which comes off your electricity bills. The Carbon Trust’s Mr McCarthy explained that LED users typically generate a return on investment after between one and three years.
“For example, one retail outlet client invested £74,000 in new lighting, resulting in a 74 per cent lighting energy reduction and savings of around £33,000 per year,” he told the news provider. “This is why we’ve seen considerable investment in LED in recent years.”
LEDs offer longevity
The longevity of LED light bulbs is also an important factor to consider as you look to make savings. Because these light bulbs last for many years without needing to be replaced, customers are able to spend less up-front on lighting solutions.
A GU10 LED light bulb may cost more than a GU10 halogen, but in the lifetime of the LED, a series of halogen bulbs may be required. And because replacements are needed, the total cost of the light bulbs ends up being far more than a single LED.
So LED light bulbs can be considered an investment for the future. Once in place, they allow homeowners to take advantage of low-cost lighting in the long term, ensuring finance is available to spend on other things.