Like the cost of most other goods and services in the U.S., utility bills are set to rise this winter.
The chilling stats? According to the U.S. Energy Information Administration, homeowners can expect their electric bill to jump 7.5% from 2021.
While many will make short-term sacrifices like spending less and doing less, homeowners will do well to plan with a long-term solution.
Future-proofing your home with a smart heating, ventilation and air conditioning (HVAC) system is a great solution to inevitable changes in inflation and continued climate change. Since HVAC systems account for over half of all electricity consumption in the home they’re the perfect system to update if you’re looking to save energy while also lowering your electric bill.
Smart for your wallet
The #1 benefit of a new, smart HVAC system is the return on investment (ROI). Here’s why…
An energy-efficient HVAC system can increase your home’s value by 5-7% – with an average ROI of 60%. And, unlike their older counterparts, they come with far fewer electrical issues which, in turn, removes expensive upkeep.
A smart system will also lower your electricity bills. According to the U.S. Department of Energy, simply upgrading your heating and cooling unit can reduce your monthly utility bills by 20–40%.
So even if you’re facing high upfront costs with a pricier system, this update is well worth the investment.
Smart for your comfort
Like other smart devices, a smart HVAC system gives you control – without overwhelming you with choices. This low-key, high-tech solution is great for life right now and easily adjusted to suit your needs in the future.
- Set the temperature of each part of your house based on demand. Since this is a system (not a single unit), you’re able to heat or cool rooms in use instead of heating your whole house at once.
- Access your HVAC right from your phone. Some systems connect to your smartphone so you can make adjustments on the go. Never worry about accidentally leaving the heat or air cranked when you’re gone on vacation. Or, go ahead and crank it while out so you can walk into a cozy home.
- Get automatic updates. Smart HVAC systems combine software and hardware to fully utilize every bit of energy when heating or cooling your home. The connectivity of these systems often means that updates are made as soon as they're ready … virtually.
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Smart for the environment
High-efficiency HVAC systems work hard to decrease your carbon footprint – they use less fuel to run, preserving more of Earth’s natural resources. This is big news since homeowners are faced with an increasing need to cool the air – and the increased use of HVAC is both a cause and effect of climate change.
They also make for easier breathing inside your home as older systems tend to increase the presence of carbon monoxide. And, since newer systems are made with noise-absorbing materials, they all but eliminate noise pollution – keeping your blood pressure and disrupted sleep to a minimum.
Save the planet and your heat bill—start planning your HVAC upgrade
Ready to start future-proofing your home with a smart HVAC system? See if a home equity line of credit (HELOC) from SpringEQ is right for you. Reach out at your convenience, we’re happy to help!
Take a moment to get your free, instant equity estimate and see how big you can dream.
If you have any questions about how to access cash from your home's equity, we can help find a solution that works best for you.