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Investing in Energy Efficiency: Top 3 Benefits of Energy Efficiency

Top 3 Benefits of Energy Efficiency with Power Compare
Thursday, April 18, 2024

Since the dawn of civilization, people have been using various resources to generate energy. The Greeks used wind to turn windmills so that they could grind wheat into flour. Others used water. In the wake of the industrial revolution, societies began to use coal to fuel their machinery and light bulbs. Now, we get our energy from a range of sources. We get it from renewable sources such as wind, water, geothermal and solar. However, we also still get a portion of our energy from non-renewable sources like fossil fuels. Therefore, it is important that everyone plays their part in investing in energy efficiency. 

What is Energy Efficiency?

Energy efficiency is the process of using the least amount of energy possible to perform the same task or produce the same outcome. An energy efficient home uses less energy to stay warm or cool, and to run appliances and devices. 

What are the Benefits of Energy Efficiency?

As science and technology develop, we will see energy efficiency being focused on more and more! This is because there are key benefits that make energy efficiency a solution to a range of problems. Here are the top three benefits of energy efficiency. 

1. Energy Efficiency Saves Money

When we consume less energy to heat our homes and power our TVs, we will be able to enjoy lower power bills month to month. You can save hundreds of dollars over the course of a year just by investing in energy efficient appliances and by making sure they are maintained. For example, many aircons and heaters can consume less energy but still keep you warm or cool when you regularly clean the filters and check in on the insulation of your home. If you are in the market for a new appliance such as a washing machine or fridge, be sure to jump on PriceMe to compare the energy efficiency ratings on different models and make sure you are still getting the best possible price. 

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2. Energy Efficiency can Combat Climate Change

A portion of the energy we consume in New Zealand comes from fossil fuels. Fossil fuels contain carbon. When we burn them to generate electricity, the materials release carbon dioxide into the atmosphere. Carbon dioxide is a greenhouse gas that traps heat in the Earth and contributes to global warming. By investing in energy efficient homes and wider infrastructure, we can consume less energy and therefore, minimise the amount of carbon dioxide emissions. Energy efficiency can improve our air quality. 

Read More About Fossil Fuels

3. Investing in Energy Efficient Appliances Pays Back

Energy efficient products may come with a larger initial price tag. But see it as an investment. Over the product’s lifetime, you will make savings that add up to offset the initial premium, which offers a great return on your investment into energy efficient products. 

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Consider Solar! 

Solar is a clean, green energy source. Solar panels are typically stored on your roof, where they convert the sun’s rays into electricity. This is a great way to offset your power bill and reduce the amount of traditional energy you consume – great for your wallet and the environment!

The Benefits of Solar

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Now that you know the benefits of energy efficiency, you can compare your power bill to see if you can get a better deal. Power compare makes it easy to compare different plans and providers available to you, based on your household needs. You can find a deal that offers better value and that will save you money. Save with energy efficiency, save with comparison at Power Compare, and reduce stress!

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Or have a chat to our friendly team at Power Compare for FREE bias-free, obligation free advice on your power bill. Call 0508 226672 Monday to Friday, 10am-6pm!

Further Reading: 

How to Reduce your Carbon Footprint and Save Money

The Different Types of Renewable Energy

Hydro Power

Wind Power

Geothermal Power

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