Top 5 Money-Saving Projects That Pay Off in the Long Run

In a tight economy, consumers usually gravitate toward inexpensive home improvement projects that reduce short-term energy costs and improve overall efficiency.

Here are five money-saving projects that are easy to undertake and won’t break the bank, courtesy of JELD-WEN Windows and Doors and Danny Lipford, host of the nationally syndicated television show “Today’s Homeowner with Danny Lipford”:

Tips from Danny Lipford

1. Go Low-flow
Inexpensive and a simple do-it-yourself project, installing low-flow shower heads and faucet aerators can reduce consumption by 50 percent and save on water heating costs as well.
Price range: $12 - $200 per unit

2. Shut Out the Cold
Upgrading old and drafty windows can be a big money saver – an average of $125 to $450 per year on energy costs according to the U.S. Department of Energy.
Price range: Starting around $165 per unit for Vinyl Windows with insulated Low-E glass

3. Keep in the Heat
Insulating attic spaces is a good way to keep heat in during the winter and cut down on utility bills. This is a weekend project that can show immediate returns.
Price range: Usually around $50 per roll

4. Light up the Savings
If you can change a light bulb, you can save money by installing compact fluorescent lights (CFLs). Each ENERGY STAR® qualified bulb last ten times longer than regular lights and can save $30 over its lifetime.
Price range: Starting around $2 per bulb

5. Set Your Favorite Program
Programmable thermostats are painless to install and control, and reduce heating and cooling costs to the tune of $180 per year with ENERGY STAR® qualified units.
Price range: $40 to $100