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Does Going Green Save You Money?

One of the most debated factors of going green is the impact it has on your wallet. Some people argue that the green revolution will save you money, whereas others are quick to highlight the cost of the initial investment.

So, what is the truth? Does going green really save you money?

Initial investment of going green

The biggest impact on your wallet will probably come from the initial investment of adding renewable energy sources to your property.

On average, adding solar panels to your roof will cost around €4,000 – €6,000. To install wind turbines, the average cost will be around €3,000 for a 1kW micro wind system or €9,000-€19,000 for a 2.5kW pole-mounted system.

However, this is an investment
. In the long run, installing these features will not only pay for themselves in terms of savings on bills, it will also add value to your home.

Self-consumption of energy

Installing a self consumption system after installing a renewable energy source will see your energy bills dramatically drop.

Devices such as our innovative eddi divert surplus power from your renewable energy sources back into your house, therefore avoiding any excess being exported back to the grid and wasted. Properties used to earn money from the surplus energy they created after it got put into the grid but this incentive ended on March 31st 2019. This means that using a system like this is the best way to efficiently make the most of the power generated.

Alternatives to investing in renewable energy sources

If you are not quite ready to invest in a renewable energy source yet, there are alternative ways to go green.

There are many energy providers that produce power from green energy sources; some of them even let you choose which source you would like your power from!

Are renewable energy providers expensive? Not necessarily. Generally, these companies are smaller than the Big Six, who have been criticised for overcharging customers and constantly putting their prices up. Some of these smaller green companies drop their prices as an incentive for customers to switch to them.

Other Ways of Going Green

Going green means more than just being careful with electricity. If you really want to reduce your carbon footprint, this will involve a lifestyle change. Try to be mindful of other environmental issues.

You can take small steps like being more strict with recycling and boycotting single-use plastics to reduce unnecessary waste going into landfills.

Other simple changes you can make include washing clothes at a colder temperature or purchasing a compost bin for your food excess and using that to create your own herb garden. Easy lifestyle alterations such as this will help you become more self sufficient and save money!

Learn more about how you can reduce your carbon footprint.

Reducing energy usage

Going green isn’t just about where you source your energy from, it’s also about how you use your energy.

You can save money and greatly reduce your bills by being more efficient. This can mean switching to LED light bulbs, purchasing energy efficient appliances and turning off unused electronics.

More than just money

While going green doesn’t have to be a burden on your bank, it’s important to remember that the benefits of going green are much larger than finances. A few simple choices and changes can significantly reduce our carbon footprint, global warming and damage to our precious planet.

Going green doesn’t have to be all about huge strides, baby steps are just as important. The key thing is that we’re all moving in the right direction towards a brighter future for our planet.

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