As the temperature begins to drop and our attentions turn to our thermostats, energy efficiency will become an increasingly important topic – as well it should be. The difference between modern energy saving appliances and older models is quite considerable. For example, an energy efficient refrigerator on the market today is, on average, fifteen-percent more efficient than non-energy saving models. With that in mind, we wanted to take some time this week to discuss the benefits of energy efficient appliances: Go Green: Of course, one of the greatest benefits of energy efficient appliances is the environmental preservation that they help to foster. Power plants and natural gas use are currently responsible for about 50 percent of greenhouse gas emissions. However, the American Council for an Energy Efficient Economy estimates that if the use of energy efficient appliances increased by just ten to thirty percent, the national demand for electricity would decrease to the tune of 25 industrial sized power plants! Cut Costs: In addition to being eco-friendly, energy efficient appliances can cut energy costs. On average, the use of energy efficient products can help to reduce energy bills by ten to thirty percent annually. This is a considerable saving when bearing in mind the average household utility bill now averages about $1,900 each year. In fact, this can equate into an annual utility bill savings of up to $400.00 per household. Tax Benefits: As an incentive to conserve energy, the government has offered tax credits to homeowners who purchase energy-efficient appliances that are Energy Star approved. Thus, homeowners installing energy efficient appliances or making energy improvements may qualify for a federal tax credit. Check out this website to determine if your new appliance qualifies for an Energy Star rebate. Stay tuned for our next post when we will discuss how to purchase energy efficient appliances and how to use your existing appliances more efficiently!