World Environment Day: 6 ways to help save environment and money

  • 03/06/2019

  • Economic Times (New Delhi)

Going green calls for putting the planet’s interests above yours and it can yield financial benefits too. With World Environment Day being celebrated this week, ET Wealth tell you about eco-friendly measures that also save money. Energy-efficient bulbs for lighter bills Energy-efficient lighting equipment will prevent outdated lighting options from burning a hole in your pocket Annual savings: Rs 1,226 Smart tip If you have an independent house, installing solar panels can lower your electricity bills even more. A mix of LED and solar lights can cut your bill outgo by 60%. Assumptions Calculations are for Signify products, each in use for 5 hours a day. The difference in price is Rs 50. Shop for stars, slash electricity consumption Five-star rated appliances not only reduce energy consumption but lower electricity bills by 12%. Smart tip Saving gets compounded in the case of refrigerator as its running time is more. Extra cost of a 5-star appliance is recovered within 2-3 years while saving continues till it is in use. Assumptions Electricty tariff Rs 6 per unit. AC runs for 10 hours a day, 8 months in a year. Calculations are for basic LG models with a difference in cost of Rs 5,000. Zoom on eco-friendly fuel A move towards Compressed Natural Gas (CNG) will not only curb air pollution, but also reduce your fuel cost burden. Distance travelled daily 50 km Distance travelled monthly (23 days) 1,150 km