Your air conditioning unit requires a lot of electricity to work. And if you have an air conditioning unit that is at least 10 years old, that unit guzzles energy. If you’re in the market for a newer AC unit, you should think about purchasing an energy-efficient HVAC system. Energy-efficiency extends the life of the HVAC system because it won’t have to work as hard to cool your home. Below are four more benefits of switching to an energy-efficient AC.
Save on Your Energy Bills
According to the U.S. Energy Information Administration, all heating and cooling systems in the U.S. accounted for over half of the country’s energy consumption in 2015. Many of those units were older models that wasted energy and thus cost homeowners more on their electric bills.
A high-efficiency AC unit that has been certified by ENERGY STAR uses around 30% less energy. This means that you can save comparatively on cooling costs. In addition, addressing a leaky duct system can lead to more savings on energy use and your monthly bills.
Take Advantage of Incentive Programs
If you purchase an energy-efficient HVAC system, you may be able to take advantage of incentives offered by local governments, state agencies, and utility companies. Incentives for energy-efficient HVACs can take the form of rebates or loans for qualified purchases.
When you receive a rebate, part of the money you paid for a product or service is given back to you, on the day you make the purchase, after installation, or some specified time after your purchase. Many utility companies offer rebates to customers who buy ENERGY STAR-certified or other energy-efficient HVACs.
Some utility companies, energy service companies, and local and state governments offer loans for energy-efficient installations. To apply for this type of loan, you must have good credit and fill out an application. You may also need to schedule or perform a home energy audit.
Reduce Your HVAC’s Environmental Impact
Most HVAC systems use electricity that is produced by power plants that burn coal, oil, or other fossil fuels. The burning of fossil fuels produces greenhouse gases like carbon dioxide, which contribute to global warming.
If you decide to switch to a high-efficiency AC, you will use less electricity and therefore produce less carbon dioxide. Some HVAC technologies offer eco-friendly solutions, like active solar thermal units, high-efficiency heat pump systems, thermal energy storage facilities, and geothermal HVAC units.
Increase Your Home’s Value
Energy-efficient HVACs help to increase your home’s value. If you ever decide to sell your home, there are plenty of buyers attracted to energy-efficient homes that will allow them to decrease their environmental footprint. People with energy-efficient homes are also able to save on their energy bills. All of these factors will allow you to set a higher asking price for your home.
When you are ready to replace your central air conditioning system, you should think about overhauling your entire HVAC system for an energy-efficient one. Not only will it save you on your monthly utility bills, but you can take advantage of incentives, reduce your carbon footprint, and increase the value of your home.