As you consider investments for your Denver investment property, energy efficient purchases should be high on your list. When you lower energy costs, not only will you cut down on monthly bills, but will have equipment that lasts for years. There is a plethora of ways you can be more efficient and help reduce your ecological footprint. From appliances and lighting, to water savings, use these top energy efficient tips when making quality purchases for your rental.
ENERGY STAR kitchen appliances can provide a beneficial amount per year in savings. This is especially true when replacing refrigerators that are 10 to 15 years old. Energy efficient refrigerators are about 16 to 20 cubic feet and offer settings to reduce condensation. Look for models that have a top mount freezer to maximize savings. For stoves, gas ovens are more efficient than electric and convection models benefit even more. When air is circulated, the heat is distributed more evenly—which also cooks food better.
LED light bulbs are the best way to go in terms of energy efficient lighting. They are a safe option, allowing you to be at ease that they can be left on and used without the worry of incandescent bulbs. In fact, LED light bulbs can use up to 90% less energy and heat than traditional incandescent! When you replace all the bulbs in your rental with premier LED bulbs, you can trust they will last for years—which is one less thing you will have to do in terms of routine maintenance. But bulbs aren’t the only way to save. Invest in ENERGY STAR certified light fixtures, with dimming and timer options. This will optimize light output and save you valuable dollars in the long term.
If you cover water in with your tenant’s rent, you may be looking for ways to save on monthly bills. A great start to your purchases is with an energy efficient gas water heater. Next, inspect the rental for any leaks as this can add up. It is also ideal to install efficient faucets, showerheads, and sprayers. These energy efficient models help to reduce the gallons of water used each day. Energy efficient toilets can also be purchased to aid in the amount of water used as well. For waste, energy efficient garbage disposers play a great role in saving the environment and your local sewage systems.
As you make your upgrades and investments into your rental, be sure to take advantage of federal income tax credits and other incentives for energy efficiency
. Each purchase you make will help you save in the long term and provide relief for you and your tenants on utility bills. For help installing these fixtures and assistance with maintenance for tenants, DenCO Property Management and Sales is here for you. No matter what assistance you need with your rental, we are your go-to for your success. Learn more about the 5 ways Colorado property management will help your investment real estate
and contact us at 303-722-9688.