High-technology home appliances can pay back their unwanted costs in conditions of energy cost savings, over time. But how long is a realistic amount of time to wait around? Once again, I have already been pilloried for actually having an impression not the same as someone elses and again, it deals with hydronic heat. Yes, it noises nearly the same as the person who flamed me about co-signing loans – so many legitimate reasons to get this done, but space and time do not permit them to sophisticated. But they had plenty of time to call into question the legitimacy of my ancestors. Quite simply, they didn’t have a cogent debate to make but got co-signed financing just, and today want emotional validation.
10,000 more in his IRA may have been a much better “investment”. But emotional thinking is really a negative way to live – and a bad way to balance your checkbook. If you wish to assess things on the merits really, you have to crunch the quantities and do the mathematics and find out what really is practical.
And sadly, a good great deal of things for sale as “practical” or “energy-saving” are often sold for emotional reasons. The Toyota Prius, by all accounts is a reliable car and its hybrid drive is effective and actually will save energy and will pay back its costs in about seven years. But that is not why people get them.
They get them to produce a statement about their commitment to the surroundings. How do I know this? Well, in the us, gas is cheap – by worldwide criteria. Yet America symbolizes the largest market for the Prius. In Europe, where fuel prices are astronomical, you see them rarely. The Europeans love their diesels, instead. It is an easier technology that is less costly to buy and gets a comparable fuel mileage. Nonetheless it doesn’t make a declaration about the surroundings, will it?
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As I mentioned in an earlier posting, you can purchase one of these tiny vehicles like a Chevy Spark or Aveo or whatever and get near-Prius-like mileage. I had been taken to task over my posting about fancy washing machines also. An audience points out that they save drinking water and money.
I explain that within the 15-year-design life, they don’t save enough of either to really make a difference, unless you reside in a desert. But again, people buy fancy washers to show off. How do you know this? As the ordinary top-loader will come in one color – WHITE. And it lives in a laundry room or basement that isn’t shown off to site visitors.
My top-loader is in the garage. I really don’t provide a shit or not if you are impressed by my laundry machine. But it begs the question: Exactly what is a good payback period for any of the energy-saving devices? I have looked at lots of these over time, and some are obvious upgrades that pay for themselves in a short time period back. Others are just expensive boondoggles that finish up costing you a complete lot more money, time, and hassle. Below are a few questions to consider before you spend a lot of money on “energy-saving” home appliances. 1. What is the payback period?