This is a guest post by Ella.
We all want to save money around the home but what if your home could pay for itself? Here are a few ways to save some money, generate your own electricity and live a greener life as a result.
Buying a small windmill for your home can vary in cost and you have to be in the right part of the country for it to be effective. There are plenty of online checkers you can use to determine whether the average win speed around your house is enough to generate a good amount of electricity.
With solar power, you’ll need to have a roof that faces south or not far off. Thisis the way you’ll get the most sunlight during the day. You have to get enough sun on the roof panels to make it worth your while.
You have the option with solar power to have companies give you the panels in exchange for the extra electricity you generate.
In this instance you are only renting the panels but doing so means no large outlay to begin with and your own electricity will still be covered.
Other Forms of Energy
If you have the space then you might consider generating electricity through heat pumps. The cheapest of these are air-source heat pumps but they will still cost you around £10,000 to install.
If you live near to moving water source then you should utilise this energy by getting micro hydro power for your home. This generates energy through the movement of the water. Perfect if you happen to live near a fast-moving river.
Insulation and Energy Performance
It’s amazing how much energy a badly insulated and poorly performing home can lose. There are plenty of government grants out there designed to make homes more energy efficient. Depending on your circumstances, you could get you whole home re-insulated for free.
You should also regularly review the performance of household essential systems, such as heating boilers, or air conditioning units. Many of the larger energy companies offer to perform a free energy test within your home, and make recommendations for making it more efficient and cost effective.
Rent a Room
If you need to make a bit of extra cash then let out any unused rooms. If you don’t like the idea of long-term lets then look at the short-term market. You can charge a higher rate but you might not have someone occupying the room at all times.
You can also sign up to be a host home for foreign students. You’ll get a little bit of money from this and you’ll also be able to learn a bit about a new culture.
If there’s unused space in your home then there are plenty of people out there who would like to rent it. Perhaps you have a car parking space you don’t use. This can be rented out to people in the nearby area or, if you’re in a town/city, commuters.
The same goes for unused garage space. You can rent it with the view for someone to store their car there or even to store furniture and other items they might not currently have space for.
What are some ways you save money around the home?