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Episode 114: How much can you really save by adjusting your thermostat?
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With climate change, there have been more heat waves. This lead me to thinking about our use of air conditioning and the cost associated with it. In this episode, I talk about how much energy and money is saved by setting the thermostat to a warmer temperature in the summer and cooler temperature in the winter. This could be done all the time, or only when no one is home. I go over the cost of air conditioning per hour and measures of efficiency for AC units. Of course, there are other ways to decrease energy used to heat and cool your home other than adjusting the thermostat.
I reference a few websites in this episode, including
https://www.energy.gov/energysaver/
https://www.irs.gov/credits-deductions/energy-efficient-home-improvement-credit
https://www.bls.gov/regions/midwest/data/averageenergyprices_selectedareas_table.htm
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Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant. The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.
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