At Neco, we like helping our customers reduce their power bills, and the easiest way to do this is to reduce your power usage, and to produce your own power. By reducing and producing, the average home could save $744 on power bills every year. How did we calculate this?
On the reduce side, we've assumed that the average home uses 20kWh of electricity per day, and that 10% of this power is consumed by lighting, and 30% is consumed by heating and cooling. Assuming an electricity tariff of $0.21 per kWh, the home will have a daily power bill of $4.20. Replacing any halogen or incandescent lamps with LEDs will reduce the lighting component of the bill by up to 90%, or reduce it from $0.42 to $0.042 per day. Installing quality insulation will reduce the heating and cooling component of the bill by up to 40%, or reduce it from $1.26 to $0.756 per day. Over the course of a year, the total savings from these reduction measures is approximately $322.
On the produce side, installing a 1.5kW solar power system will produce around 5.5kW of electricity per day, or 27% of the household's power requirements This will reduce the daily power bill of the home by $1.15, or $422 over the course of a year. This amount could be even more by the time you factor in feed-in tariffs that may be available in your state or territory.
Combined, our reducing and producing measures will save the average home $744. Crunch the numbers and you'll see that "reducing and producing" is a smart move, and offers a good return on investment! Talk to us today about how we can assist you to reduce and produce.
