The Update

What To Look for When Buying New Appliances

Ecologists are always searching for ways to save our environment. Focusing on energy-efficient appliances is one aspect of this endeavor.

In fact, 30% of the charges on your electricity statement stem from your appliances. That’s why the government and many appliance manufacturers are replacing standard devices with new energy-saving models.

Is one of your appliances on the blink? Before running out to purchase a new model, consider if it’s worth contacting a repair person. Since prices for electrical appliances have decreased over the years, it might be worthwhile to buy a new model. Besides, the costs of a new part for your old appliance and the technician’s visit can be high.

Also, remember that the new energy-efficient appliances will save you money on a monthly basis.

What Does Energy-Efficient Mean?

In simple terms, this means the process that is used to make the appliance function is using less energy.

Now that you have decided to go with a modern, energy-efficient refrigerator, how can you be sure you’re getting the best product at the most cost-effective price?

Here are some tips to guide you in your search:

Determine the total cost. The first thing to consider is the operating cost. This amount, along with the actual purchase price, should give you the real cost of the appliance.

Check the energy rating. There are several reliable rating services that provide information about appliance energy consumption. The federal government uses the Energy Star Standard sticker to inform consumers of the operating cost and the annual energy consumption of each appliance.

Select the right size appliance. Running a large machine – even the most energy-efficient one – uses more electricity than a compact one.

Look for economic choices. Many dishwashers and washing machines offer a variety of different cycles. If you find one with an economic cycle, you’ll save money when you only need to wash a small load of clothes or dishes.

Stay Simple. When it comes to choosing a refrigerator, go easy on the add-ons. Top-to-bottom fridge/freezer models are more energy efficient than side-by-side. Features like water dispensers, icemakers and auto-defrost use lots of extra electricity. This holds true for self-cleaning ovens, too.

Contact your utility supplier for the latest ways to save on utility charges. With today’s smart devices, appliances can be programmed to use less energy at certain times of the day.

Check out your home. Hire a home assessor to identify ways you can save on your overall energy and water costs.

Comparison shop. Never buy the first model you see. Household appliances are not cheap, and to find the most energy-efficient one at the best price, you’ll need to comparison shop. Don’t pay for the name in a specific model; compare the details of each machine.

Need Help Upgrading Your Appliances?

Thinking about refreshing your home with new appliances this Spring? If you need extra funds, consider an RGCU HELOC (Home Equity Line of Credit). It’s a smart way to use your home’s equity to cover the cost of those much-needed upgrades.

A HELOC works like a credit card or any other open-ended credit — borrow what you need, up to your credit limit, for a period of ten years. Upgrade your home with ease and enjoy the latest appliances with the financial flexibility you deserve!