How to Go Green and Save Money

published Sep 25, 2023
2 min read

Going green and saving money are not mutually exclusive goals. In fact, they can go hand in hand if you adopt some simple and smart strategies to reduce your environmental impact and your expenses. Whether you want to lower your carbon footprint, support green businesses, or simply save some cash, here are some tips on how to go green and save money.

Green energy

How to Reduce Your Energy Consumption and Switch to Renewable Sources

One of the easiest and most effective ways to go green and save money is to reduce your energy consumption and switch to renewable sources. Energy consumption is one of the main contributors to greenhouse gas emissions, which cause global warming and climate change. By using less energy, you can reduce your emissions and your energy bills.

There are many ways to reduce your energy consumption, such as:

  • Switching to LED lighting: LED lights use up to 80% less energy than traditional incandescent or halogen bulbs. They also last longer, produce less heat, and provide better quality light. By switching to LED lighting, you could save up to £240 per year on your electricity bills.
  • Installing smart meters: Smart meters are devices that measure and display your real-time energy usage and cost. They also send this information to your supplier automatically, eliminating the need for manual meter readings and estimated bills. By installing smart meters, you could save up to 10% on your energy bills by monitoring and managing your consumption more effectively.
  • Using energy-efficient appliances: Energy-efficient appliances are devices that use less energy than standard ones to perform the same functions. They also have a lower environmental impact and a longer lifespan. By using energy-efficient appliances, such as washing machines, dishwashers, fridges, and freezers, you could save up to 30% on your energy bills.

Another way to go green and save money is to switch to renewable sources of energy, such as wind, solar, hydro, biomass, and geothermal. Renewable sources are clean, green, and sustainable, unlike fossil fuels, such as coal, oil, and gas, which are finite, polluting, and contribute to global warming.

By switching to renewable sources of energy, you can reduce your dependence on fossil fuels, lower your carbon emissions, and support the UK’s transition to a low-carbon economy. You can also benefit from government incentives, such as the Feed-in Tariff (FIT) scheme and the Renewable Heat Incentive (RHI) scheme, which pay you for generating and using renewable electricity and heat.

There are two main ways to switch to renewable sources of energy for your home:

  1. Generating your own renewable electricity: You can install renewable electricity generation systems on your roof or in your garden, such as solar panels or wind turbines. These systems can provide you with free or low-cost electricity for your own use or export to the grid. You can also earn money from the FIT scheme, which pays you a fixed rate for every kWh of electricity you generate and export.
  2. Buying renewable electricity from a supplier: You can buy renewable electricity from a supplier that sources it from renewable generation plants or projects. These suppliers can provide you with green tariffs or certificates that guarantee that the electricity you use is matched by an equivalent amount of renewable electricity generated elsewhere. You can also save money by choosing a supplier that offers you a competitive price and a long-term contract. Alternatively, you can visit British Business Energy, which is a website that helps you compare and switch to the best green energy deals for your home or business.

By reducing your energy consumption and switching to renewable sources of energy, you could save up to £500 per year on your energy bills.

How to Minimise Your Waste and Recycle or Compost More

Another way to go green and save money is to minimise your waste and recycle or compost more. Waste is one of the main sources of pollution and environmental degradation. It also costs money to produce, transport, treat, and dispose of. By reducing your waste, you can save resources, reduce emissions, and cut costs.