Making your home more energy efficient can:
Save you money on your energy bills
Lower your carbon footprint
Help create a comfortable indoor living environment
There are many ways you can save energy – from keeping your thermostat set at 24°C, or higher, to washing your clothes at a lower temperature. But as well as changing your habits, you can also make changes to your home to make it more energy efficient.
From water heaters to washing machines, more and more household products and appliances are becoming energy efficient.
These products can be a great way to save money on your energy bills. For example, if your air conditioning unit is over 10 years old, consider replacing it with a new energy-efficient one. This will help you save up to 25% of cooling consumption.1
LED lights are also 75% more energy efficient than traditional bulbs. Each LED lamp you use instead, can save you up to 5,000 EGP over its lifetime.2
You can reduce cooling consumption by:
Applying weather stripping and sealant around all doors and windows to keep the cooled air in, and hot air out
Use a Smart Thermostat to control the room temperature more effectively
Hang curtains, drapes, shades and awnings over windows to reduce heat
You can save water by:
Maintaining sprinklers and checking for any leaks
Installing a rain shutoff device on automatic sprinklers
Adjusting sprinklers, so they water the lawn (not the pavement) to avoid waste
Planting native plants in your garden, which need minimal or no irrigation
Solar energy is a form of renewable energy – it produces no emissions and reduces our reliance on fossil fuels. By installing solar panels, you can use sunlight to generate your own electricity or provide hot water.
If you have cash available, using your savings can be a good option to fund home improvements, especially smaller projects. You can also avoid paying possible interest that may come with borrowing. However, it’s important to consider whether there are any charges for withdrawing your savings and whether you’ll have enough money left over for an emergency fund.
In support of HSBC’s sustainability agenda, and to help our customers live more sustainably, we’re offering a one-of-a-kind in the Egyptian market: Electric vehicles (EV) and Energy Efficient Products (EE) Personal Finance.
Whether you want to purchase an electric vehicle or install solar panels on your home, we could help - with competitive interest rates and flexible repayment periods available.
Main product features:
Very competitive interest rate and discounted admin fees
Minimal required documentation from non-relationship customers (non-salary transfer and self-employed)
Fast-track process of the funding
Plans to partner-up with key market players in providing these eco-friendly solutions to widen the variety of options for our customers
