Some people may find the subject of economics very boring. I know I do because I remember sleeping through economic classes at school. Studying all the charts and graphs did not interest me at all.
If I am so turned off by the subject of economics, why am I writing an article about it right now?
Well, back then, the subject of economics didn’t concern me because it does not affect me. However, today’s article is on the topic of energy economics at home, which has a direct affect on my pocket.
If you are planning to build a home solar power system to supplement your energy usage, you know you have to set aside quite a large sum of money. Wouldn’t it make sense to get the best Return On Investment (ROI) for your money?
That’s what I thought and the studies of economics became very interesting.
Getting The Best Out Of Your Money
When you are making investment in both time and money planning and building a home solar energy system, you should be focused and deliberate in order to ensure a good payback.
Unfortunately, many home owners do not have a good grasp on the specific of how and where energy is being consumed in their homes. Before you start buying solar components, it is best to deduce how much you are paying for electricity at home.
As the saying goes, “The devil is in the details.” Do you know where you are spending the most on electricity? Is it the air-conditioning unit, heater or refrigerator?
If you were to study your heating, ventilation and air-conditioning (HAVC) system, you may discover certain areas which you are wasting money.
The biggest issue with HVAC is your home insulation. If your house is not properly insulated or if there are air leaks, your air-conditioning unit will kick into action to achieve your desired temperature setting. Due to air leaks, the system has to work harder to compensate hence costing you more money.
If you were to install a home solar power system without first studying the energy economics of your home, most of the power generated by the sun will go to waste.
Performing Home Energy Audits
So, here’s the conclusion of this article. Always perform a complete energy audit of your home before you start buying the solar parts and components.
There are 2 ways you can do this. You can either engage the service of a professional home energy auditor which will cost you a couple of hundred dollars or do the auditing yourself.
By doing your own DIY energy audit, you will locate where are your largest energy wasters. There is a step by step guide which will show you how to perform your own home energy audit. It only takes 1 hour using common tools found around your house and it will give you a better result than using a professional auditor. Click on the link below to check out the DIY home energy audit guide.