Mar 1, 2021

Get Ready - Energy Prices Are Going Up

Whatever your politics, limiting the use of carbon energy production in our country, is going to cause energy prices to go up pretty dramatically.  It is already happening.  Just look to California that has already gone down the Green New Deal road.  All energy prices in California are significantly higher for gas, electricity, water and natural gas than in many other parts of the country.  The cost of energy drives up the cost of everything.  One thing that is easy to do is to move from a high cost, high tax state to a lower cost, lower tax state.  It is called voting with your feet. 

But either way, since energy cost will go up as a result of actions we see happening today by the current President, the time is now to do the things that might help lower your energy cost.  The easiest thing to do is to change out appliances that are 10 years or older in favor of more efficient units.  The same is true for air conditioning and heating units that are 10 years or older.  You are bound to have costly repairs come up as they get older so rather than repair them, replace them. And, then there is home insulation.  It might be time to put in a higher rated insulation in your antic, which will save on both heating and air conditioning cost.  Take a look at your your windows.  Newer windows come with better heat and cold resistance.  While it is expensive to replace windows, it might be that the return on investment is about 5 years.  So if you plan to say in your home, it could be worth doing.  

The real question on all of this is how long do you plan to stay in your current home.  If you do move to a newer home, chances are that the newer home; though more expensive than an older home will be more energy efficient because regulations require it.   At Paragon Home Resources, we work with families to sell and buy homes.  Today, buying an energy efficient home should be a high priority.  And, or if buying an older home, then as part of the decision, monies should be factored in to upgrade to more energy efficient appliances and systems.  The cost of energy will be going up in the next few years. The time to act now one way or another could save you a lot of money.