Why it's time to hop on the energy-efficient bandwagon

Right now, we’re spending a lot of time at home, so it makes sense that you want your space to be as comfortable and efficient as possible. There are myriad ways you can start reducing your energy consumption right now. A few small changes can add up to significant savings.

About 90% of the energy a washing machine uses goes toward heating the water rather than washing the clothes¹.

In addition to using cold water in your wash and rinse cycles, some other easy swaps include programming your thermostat on a set schedule, using a toaster oven or microwave rather than your stove, running major appliances during off-peak hours and plugging devices into switched power bars rather than the outlet. For more easy hacks, check out our guide to home energy savings.

If you want to save big, replacing your appliances with more energy-efficient versions is the way to go. Doors and windows can also be a significant source of energy loss. So, if you have the budget, you may want to consider upgrading them to reduce energy costs.

1. Start with a home energy audit. This involves having a professional inspector assess your home’s energy sources. They’ll recommend ways you can improve your energy efficiency, and it’s your choice as to which ones you’d like to implement.
2. Check out this directory from Natural Resources Canada Opens in a new window.. It allows you to search for financial incentives specific to your province and may help you fund the cost of these home improvements.
3. Look into discounts offered by your local energy company. For example, some offer programmable thermostats for free, and others may offer discounted costs when you run major appliances during off-peak hours.
4. If you’re looking into major home renovations to reduce your eco-footprint, you may want to consider funding the renovations using the CIBC Home Power Plan®.

¹ Source : Cold Water Saves Opens in a new window.

² Source : Energy efficient appliances: Worth the investment? Opens in a new window.

² Source : Enhancing home efficiency through green renovations Opens in a new window.

² Source : Energy Star® Dishwashers Opens in a new window.

² Source : Energy Star®windows, doors and skylights Opens in a new window.

© Reproduced with permission of the Minister of Natural Resources, Canada 2021.