A recent report from the National Association of Home Builders (NAHB) has found that builder confidence is up industrywide when it comes to home construction this month. In the group's Housing Market Index - a monthly study compiled in conjunction with financial giant Wells Fargo - the composite ticked upward three basis points from April to May, now sitting at a healthy 44 for the period.

"Builders are noting an increased sense of urgency among potential buyers as a result of thinning inventories of homes for sale, continuing affordable mortgage rates and strengthening local economies. This is definitely an encouraging sign even amidst rising challenges with regard to the cost and availability of building materials, lots and labor," NAHB Chairman Rick Judson, a home builder from Charlotte, N.C., stated in the group's press release.

For months, activity has been ramping up in the housing industry, with buyers flooding the market faster than home builders could keep pace. With the busy summer real estate season just about to begin, the supply of new residences is anticipated to tighten even more if buyers can't keep up.

Many people think that in order to save money on your electrical bill, you must accept some discomforts or inconveniences. But that is not the case! You don’t need to deal with the unbearable heat in the summer instead of turning on your air conditioner. You don’t need to unplug all of your appliances after every use to save a few dollars.  We have put together a few key recommendations to get you started on your electrical bill savings without having to give up the comfort and conveniences in your home.

Home Energy Audit

The best way to start your savings is to have a local electrician perform a home energy audit. Your electrician will go through your house examining your electrical wiring, distribution, lighting, electric-powered home equipment and systems in order to increase the efficiency of your home and ultimately save you money on your electrical bill. Some auditors may even go as far as to understand your daily habits that may be costing you more money. For instance, did you know that doing a full load of dishes in the dishwasher rather than washing them by hand actually saves you money?

Once you have had your home audited, make sure to check out Live SmartBC for any rebates you may be eligible for. BC residents have the privilege of gaining rebates for increasing the efficiency of their home; don’t let this savings go to waste!

Install Ceiling Fans

Another great way to save money on your electrical bill is to install ceiling fans. Apart from your air conditioner, ceiling fans push air downwards, blowing the cool air directly onto your body rather than cooling the whole room. On top of that, ceiling fans need very little maintenance (other than a little dusting or bulb changes), which can save you a lot of money in the long run. You may be thinking, that’s great but what about in the winter when I’m trying to heat my house? Surprisingly, ceiling fans are a great energy saving tool for the winter months too! Heat rises. So by running your fan on a low speed, you can circulate the warm air that has risen and create a more evenly heated room and shortening the time it takes your heater to work. This saves you money both in the summer and the winter.

Replace Air Filters

Lastly, you can save money on small changes like replacing your air filters regularly. A lot of times, this is a task many of us forget about but it can make a significant difference in your potential savings. When dirt builds up on your filter it prevents the airflow from working as efficiently. Your air system now needs to work harder in order to maintain the same level of airflow and because of that, increasing your electrical bill. By regularly maintaining your air filters (once a month), you will not only save money, but your family will be breathing in the cleanest air.

These are just a few ways to save on your electrical bills. Our highly qualified team of professionals at Expert Electric is excited to help you get started on your potential savings. Call today for further assistance or a free quote on some of our money-saving services.  604-681-8338

Fun Fact:  A traditional New Year’s Eve religious service, “Watch Night” is observed to give thanks for life’s blessings and pray for divine favor in the coming year.  “Watch Night” was especially significant among African Americans in 1862, as President Lincoln vowed to end slavery with the signing of the Emancipation Proclamation on January 1, 1863.

Wherever you happen to be, New Year’s marks a time for change, a time for making resolutions and a revival of hope.  Make a life changing resolution; Visit a Capitol Lighting showroom and work to improve your future illumination.  Rejoice in unbeatable promotional pricing on the year’s finest home lighting and accessories, including shining innovations from Forecast, Hanover Lantern and Thomas Lighting.