Posted by: islamicfinancingnews | January 7, 2013

Islamic finance and some energy saving tips

islam21 Practicing Muslims look to the financing alternatives Islamic finance can offer when it comes to buying a home or refinancing and like every responsible homeowner, can agree that reducing energy costs is a worthy goal in the New Year. With that purpose in mind, here are a few useful tips to conserve energy and save money while helping the environment at the same time.

Start off with simple, common sense solutions like opening blinds or drapes to let natural light in and heat rooms on sunny days, particularly during the winter months, while closing same at dusk to retain heat. Lowering the thermostat or installing a programmable model that reduces the temperature, especially at night or during the day when the house is empty, will help conserve energy and could save as much as 4% on heating costs. Similarly, replacing high quality brand furnace filters at least once every three months can save up to 10% on heating costs while improving air quality.

Did you know up to 30% of the heat in a house can escape through air leaks around windows and doors? Caulking and weather stripping will effectively seal gaps and cracks around window and door frames to help keep heat inside, increasing the comfort and energy efficiency of your home, while reducing up to 10% of heat loss and your overall energy costs as well.

Saving money is easier when you understand a little about energy saving choices, as well as Sharia compliant financing options like Islamic mortgages.

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