Have you ever heard the saying: you get what you pay for? Well when it comes to ENERGY STAR certified appliances – you get even more than what you paid for.
Typically your home appliances will account for anywhere between 20 to 30 percent of your home’s total electrical bill. Twenty to thirty percent can significantly impact your bill – especially if your appliances are inefficient. That’s why ENERGY STAR appliances are ideal.
To understand why certified products are so efficient, let’s first discuss what ENERGY STAR really is.
How ENERGY STAR got started.
ENERGY STAR is a voluntary program that was created in 1992 by the U.S. Environmental Protection Agency. It was established to help individuals and businesses save money on energy costs, while protecting the environment.
The initiative was started with the now famous blue ENERGY STAR labels first placed on computers and monitors. This was done as an effort to identify and promote energy efficient products that would help reduce greenhouse emissions.
By 1995, the EPA expanded the blue label to various other appliances such as office equipment products and residential heating and cooling equipment. The initiative was so successful, that a year later in 1996, the EPA partnered with the U.S. Department of Energy in order to create categories specific to certain appliances.
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That partnership has further expanded the influence of the ENERGY STAR label. You can now find the label on most major appliances, office supplies, new homes, commercial buildings and plants. This is all due in large part to the efforts ENERGY STAR put forth towards the advancement of energy efficient technologies.
ENERGY STAR has played a major role the expansion of technological advances that have led to better power management systems, efficient lighting, and other cost saving technologies.
Why ENERGY STAR certified products are top notch.
Climate change and global warming are looming threats that affect us daily. Inefficient use of electricity and our appliances is one of the biggest factors that directly contributes to this issue.
Inefficient appliances not only produce a greater carbon footprint, but they consume and waste more energy. According to the U.S. Department of Energy, ENERGY STAR certified appliances will use anywhere from 10 to 50 percent less energy each year than a non-energy efficient equivalent and last much longer.
Replace your old appliances with ENERGY STAR products. They are well worth their cost, because they pay themselves off in the long run. Plus you can receive tax credit from using ENERGY STAR products.
According to TurboTax, “Equipment and materials can qualify for the Nonbusiness Energy Property Credit only if they meet technical efficiency standards set by the Department of Energy.” When you take advantage of the nonbusiness tax credit, you can add a little extra to your income tax refund next April.
What the future of ENERGY STAR appliances looks like.
During September 2018, ENERGY STAR held their ENERGY STAR Products Partner Meeting, deemed a huge success. During that meeting, partners and stakeholders discussed new technologies that will drastically improve HVAC systems and appliances. The development timeframe is 5 to 10 years, but the focus will be on improved thermal storage, along with sophisticated controls. These new technologies will continue to enhance our appliances, a win-win for our pockets and the environment.
Now that you’re aware of the benefits of ENERGY STAR appliances, your next step is to devise a plan to replace your current non-ENERGY STAR appliances. If you’re able to, change all of them at once. Otherwise, think strategically about which appliances you would like to replace first. Your dryer, refrigerator, and HVAC system are typically your biggest energy consumers – so you’d probably want to start with one of those. While the upfront cost may be a bit high, the savings down the road will far exceed the higher initial cost.
The future of ENERGY STAR appliances is filled with continued savings and benefits for consumers who join forces with them.