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Summer means high energy consumption and high electricity bills. But small steps can whittle away power costs
1 Switch off that fan
The power saver in us is quick to switch off lights and replace regular tube lights and bulbs with CFL and LED. But lights are used only after dark, while fans run all day and night. Thus, fans have a bigger impact on power bills. While a tube light consumes around 55 watts per hour, an average fan consumes 75 watts. Old models and inexpensive fans can guzzle up to 90 watts. Replacing your old fan with a power-saver model makes sense as a BEE rated fan consumes around 50 watts. A study by Bijlibachao.com shows an eight-year-old fan consumes as much as 92 watts on full speed, twice as much a BEE-rated fan. Today, super energy efficient models are available, which use around 35 watts. The average cost of operating a fan is `5 per unit.
2 Go easy with the AC
The air-conditioner is the biggest power guzzler among household appliances. If you are planning to buy an AC, a BEE-rated model is a good option. If the choice is between a split and window AC, the split makes more money sense. A 5-star rated window AC is as power efficient as a 4-star split AC. Also, look for an AC with a built-in inverter. Though more expensive, it consumes much less power. An old 1.5 tonne AC uses around 1.5 units per hour, while an inverter AC uses only 0.91 units per hour.
3 Place the fridge right
A refrigerator accounts for 15% of a household's total power consumption. You can make your fridge more power efficient by placing it in a way to allow air circulation around it. It should be at least 2 inches away from the wall. Do not expose it to direct sunlight--it will need more power to function.Don't stuff your fridge full, there won't be enough space for air to circulate inside, reducing the efficiency of the unit. Ice accumulation impacts energy consumption, so defrost regularly. If you are buying a new fridge, go for BEE-rated one. Big fridges and ones with features like instant ice maker use more energy. Replacing an old refrigerator with a new BEE-rated one, can save `1,500 a year on power bills.
4 Reduce standby consumption
It's not enough to just switch off a device. If you don't turn off the main switch the device is connected to, you will continue to pay for the standby power. According to a study conducted by the Department of Energy in the US, a DVD player's standby power consumption is around 7.54 W, and a set-top box's 17.8 W. Switch off the electric point for appliances which are not being used. It is safer to unplug the cord. According to a government report, standby power use in a household accounts for nearly 2% of power consumed.
5 Analyse your bill
If you think your electricity bill is too high, analyse it. Detect the possible issues and take corrective measures. Bijlibachao.com has an online bill calculator which helps you understand the various components of your bill. It gives you approximate figures to show how much your are paying for various appliances in the house. You could save `3,000 a year in electricity bills if you switch from using a desktop to a laptop. Switching from a 1-star refrigerator (200 lts) to 5-star could save you `2,297 yearly.
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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