Most people freak out when they hear about home improvements since they can be pretty expensive. While some types of remodeling like building a deck or getting a swimming pool can be unnecessary and cost loads of money, there are specific home improvements you can do in your home that will be money well spent. Here are five home improvements that can save you a lot of money and even help the environment:

1) Solar Panels

Other than being environmentally friendly, installing solar panels have some additional benefits to homeowners. Even though the initial investment is not cheap, it will pay itself off over the months by making you pay much less for your energy bills. It is estimated that you can save anywhere between $10,000 to $30,000 over a period of 20 years by having solar energy installed in your home.

2) Ceiling Fans

Do you live in a city where summers are hot and terrible? You might want to consider getting ceiling fans instead of air conditioners. It will cost you $0.36 / hour on average to operate your air conditioner, in comparison, a ceiling fan will only cost you $0.01 / hour to function. However, you should keep in mind that they can only be installed where the ceiling is high, and where the air can circulate well. 

3) Insulation

A well-insulated house can save you lots of money during the year. An insulated house means that heat can’t escape during the winter and can’t enter during the summer as easily, making it require less energy for heating and cooling. You can save anywhere from 10 to 50% by insulating your home. It is also good for the environment.

4) New Appliances

Do you have really old appliances like a refrigerator, washer or dryer? You might want to consider investing in new devices. New appliances are designed to consume less energy to function. Therefore, it will make you save money in the long run. It is estimated that you can save $300 over the next five years by simply replacing your old fridge for a more energy-efficient one.

5) Security System

Everyone should get a home security system, not only for their own safety but to save money. Did you know that you can lower your homeowner’s insurance premiums by having a security system? You can also monitor your house while you’re away on vacation or even to see how your pet is doing while you’re at work. Last but not least, it keeps the burglars away, since most of the time, they check to see if a house has been secured.