Being sustainable at home isn't just about reducing your carbon footprint, it's also about saving money in the long run. By adopting eco-friendly practices, you not only contribute positively to the planet but also cut down on unnecessary expenses (win-win!).
Firstly, what are the benefits of opting to be more sustainable at home?
- Environmental Conservation:
One of the most obvious benefits is a reduction in energy consumption and waste production, helping to preserve the environment, conserve natural resources and mitigate the effects of climate change. - Cost Savings:
Sustainable practices often lead to reduced utility bills and less maintenance, ultimately saving you money in the long term. - Healthier living environment:
Many sustainable practices, such as using non-toxic cleaning products and improving indoor air quality, promote a healthier living environment for you and your family.
Easy sustainable practices
There are a number of small things you can start doing almost immediately to become more sustainable and start saving money, such as:
- Energy-efficient lighting:
In Australia, lighting can make up almost 10% of the average household electricity bill. If you haven’t done so already, replacing traditional incandescent bulbs with energy-efficient LED bulbs can save a significant amount of money in the long run. While LED bulbs might have a higher upfront cost, they last up to 10 times longer and consume about 75% less energy. - Reduce, reuse, recycle:
Applying a recycling system at home takes no extra effort and can help reduce the waste sent to landfills. The packaging industry estimates that Australians only recycle about 16% of plastic, 60% of glass, 68% of paper and cardboard and 81% of aluminium cans.
Additionally, opting for reusable alternatives such as water bottles, cutlery, shopping bags and food containers can all help to reduce household waste and encourage positive practices.
- Water conservation:
Installing low-flow taps, showerheads and toilets can help to reduce water usage and heating, saving on your utility bill. Fixing leaks or moving your plants outdoors when it’s raining can also help keep more money in your pocket. - Energy-efficient appliances:
When purchasing new appliances, look for Energy Star certified models. These appliances are designed to consume less energy, resulting in lower electricity bills and reduced environmental impact. Think appliances such as fridges, washing machines, dryers, dishwashers, air-conditioners and even your TV.
More expensive sustainable options
- Solar panels:
While this isn't something that will work for everyone, if you have the space and the funds installing solar panels are an investment that will really help reduce your electricity bill in the long run. While the initial installation cost might be high, many governments offer incentives or rebates to offset the expenses. - Home insulation:
Improving the insulation of your home helps regulate indoor temperatures, reducing the need for heating and cooling. While upgrading insulation might require upfront investment, it can result in long-term energy savings and increased comfort. - Rainwater tanks:
Water tanks are a great option for many houses, nowadays coming in many different shapes, sizes and colours to work with modern designs. Water tanks can be used to water lawns, wash cars, fill up your pool, flush toilets and even used for your washing machine. While the initial setup can be costly, if you live in an area that encounters decent rainfall, installing water tanks might be an easy and obvious decision to make that will help cut down on your regular water bill. - Window treatments:
While you may not be looking to replace your windows anytime soon, if you’re renovating or building a house you should consider sustainable window options available such as double glazing and non-conductive frames. In fact, up to 40% of a home's heating can be lost and up to 87% of its heat is gained through traditional windows. - Cool roofs:
If you live in a warmer climate and you’re looking to build, a cool roof could be just what you need to feel more comfortable in summer. A cool roof works by reflecting sunlight away and reducing the amount of heat absorbed through the roof and into the interior of the house. This type of roofing keeps the home naturally cooler and reduces the demand that might normally be placed on and air-conditioning unit.
While sustainable initiatives may require an initial investment, the long-term benefits, both financially and environmentally, outweigh the costs.
If you’re thinking about making some sustainable changes to your home, our Home Renovation Loan is perfect for smaller and mid-size renovation projects with funds deposited directly into your account.
Auswide Bank Ltd AFSL and Australian Credit Licence 239686. This information provides general advice only. We do not provide advice based on any consideration of your personal objectives, needs or circumstances.
