While you often can’t do much about the size of your property taxes or mortgage payments, you can definitely do something about your other expenses: water, electricity, and gas!
No one likes utility bills, so it’s time to cut them down or even get rid of them if we can. This often requires an upfront investment into your home, so start saving now, or get a loan and put your monthly savings towards paying it off. Those who tend to have difficulties to get loans in Montreal have other options to explore when making these worthwhile investments.
Air Seal Your Home
Whether your home is heated by water radiators, natural gas, electricity, or is being cooled by an A/C unit in the summer, keep the climate control IN your home is essential. There’s no point heating or cooling the outdoors—that’s simply lost money. Seal all your windows and doors which you can feel a draft from, either with weather stripping or caulking. In the winter, you can use special shrink plastic on old windows to keep the cold from coming in.
Insulation works hand in hand with air sealing on keeping all your climate control methods effective, weather heating or cooling. Main culprits include the attic, the basement, and windows. There are many options on the market which are easy to install and are extremely effective in keeping your costs down. An energy auditor will be able to tell you what you should address first and would bring the greatest savings.
Energy Star Appliances
Large appliances like refrigerators, washing machines, dishwashers, stoves, and more can take a lot of power to operate. As your finances allow, replace old electricity sucking versions with new energy star rated ones that run on much less power while still doing their job well.
Sustainable Energy Sources
Consider installing some solar panels on your roof or getting a little wind turbine that will cover at least part of your electricity needs. Check the local policies and programs associated with green energy on the household level. Sometimes they will buy your electricity from you and it can really make a massive dent in your bill.
Of course, before you make any large investments, make sure that you have a good understanding of any rebates, grants, and programs available to you. This can make your initial investment even smaller and the impact larger.