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How Much Does It Cost to Work From Home?

woman working from home

Remote work has almost completely taken over the job force, and it’s no surprise that Americans love working from home. The proof is in the pudding! There are so many benefits to working from home, but it also comes with a host of issues you might not have even considered. While working from home might mean more time with your family and increased productivity, it also means utilizing more energy.

Remote workers across the country are opening up their utility bills and holding their heads, but there are so many ways to cut the real costs of working from your house. For those of you who might be wondering how to reduce your energy bill at home, here are some awesome tips to boost the energy efficiency of your new workplace.

How Much Does It Cost to Work From Home?

Working from home can have a cheaper overhead cost for companies, but in reality, employees may pay a bigger cost in hidden expenses. Remote work is an alluring option for employees all over the country. No awkward human interaction, no stifling business attire, and more importantly, much needed time for family and pets. Working from home also has its perks for companies as well.

According to Fox Business, employers save as much as $11,000 per year due to lower overhead costs. That means no hefty building maintenance fees or pesky office supplies. And everyone saves money on the commute. But it can still be costly to work from home. Here are a few of the major working from home costs:

  • Increased living expenses, including the cost of eating in more
  • Increased use of personal devices, resulting in substantial wear and tear
  • Increased energy consumption, causing a rising cost of home utility bills

Let’s take a look at some of these unexpected expenses in detail and a few key solutions for your budget.

A Bigger Appetite

When you’re working from home, the cost of living at your home increases drastically. Many people have found larger domiciles to accommodate home offices or separate work spaces. With that demand, prices have risen, but there’s also a lesser known expense.

The truth is when you’re home, you’re bound to eat more. The kitchen is right there and there’s all that delicious food just waiting for you. According to a study done by the U.S. Department of Agriculture, “Individuals were more likely to eat at home when they were working from home than when they were working away from home (89% versus 77%).” While surely this pales in comparison to eating a costly meal at a restaurant, an uptake in grocery expenses can give any budget a good shake.

The Solution: Prepared Meals

Alert the fitness gurus! Meal prep is a great way to stay healthy, but also keep your budget in check. Prepared meals offer a host of benefits, including portion control and a predictable cost for food. For other tips on how to eat better and cheaper while working from home, check out this article.

laptop

A Worn Device

How much does it cost to work from home? Well, take an inventory of your personal electronics. If you weren’t using them for work, how much would you really use them? From playing games to web surfing, even a bit of streaming, you still probably aren’t utilizing your device for 8 hours straight with demanding software making it run slower. In an interview with Forbes, V.P. of The Colony Group, Patrick Donnelly said, “Home computers, laptops, and tablets are getting worked harder than ever and these devices will not last as they otherwise would.”

Chances are, you’re having to download specific software to fit the needs of your company, or connect your device to demanding external gadgets. This all decreases your device’s ability to handle the workload over time.

The Solution: Energy Efficient Equipment

Applause for the companies that provide work devices for their remote employees to use, but not everyone is so lucky. For those placing staring on their personal devices, consider giving your tech an energy efficient upgrade. ENERGY STAR-stamped office equipment has been proven to utilize half the energy as regular equipment. Most of the newest technology even has energy saving options to prolong the life of your devices and consume less energy.

While you’re at it, give your home the complete energy efficient boost. Here are 5 awesome ways to save money and stop wasting energy.

thermostat

An Energy Guzzler

One of the biggest issues homeowners face with remote work is an increased utility bill. Word on the curb is, states like Texas, have some of the most expensive electricity bills around. The logic is simple: you’re home more, so you’re demanding more from your energy with multiple devices running at the same time and the use of all of your appliances. It’s no surprise that your utility bills have soared through the roof.

The Solution: Solar Panels

How much does it cost to work from home? Well, it’s definitely cheaper on the energy side with a set of solar panels. These bad boys are the key to stabilizing your budget when working remotely. Solar panels effectively offset the energy demand by producing clean, renewable energy for your home. Check out this great resource for more information on how solar panels work.

You Can Work From Home and Save By Going Solar!

Surely, you’ve heard about the environmental benefits of going solar, but many folks don’t know about the benefits solar energy can bring to your wallet. There are so many savings provided by local and federal entities, contributing to solar being the most cost-effective option for any situation. In fact, there are a ton of things people don’t know about solar energy. Let’s do a deep dive to find out more!

When you go solar, here are the big three benefits you can count on:

  • Power Outage Protection
  • Clean Energy Generation
  • Lower Utility Bill
Power Outage Protection

We are in the era of power outages and grid failures, and there doesn’t seem to be an end in sight. Energy consumption and extreme weather conditions have overwhelmed the power grid, but that doesn’t mean you should have to worry.

Here’s to never having to ask what happens when the lights go out. With a solar panel battery, you can keep your house powered when you need it most. A solar panel battery maximizes the output of your solar panels by storing the energy you need for blackout resistance. Check out the battery beast, the Enphase Encharge, to boost your home solar system. And find out more about adding a solar panel battery backup to your home system.

Clean Energy Generation

When working from home, you can end up consuming way more energy than you anticipate. For homeowners concerned about the impact of their carbon footprint, solar panels are a great option. According to the Energy Research Center of the Netherlands, PV electricity contributes to almost 98% less greenhouse gas emissions than electricity generated from coal. With solar panels, expect to produce clean, renewable energy in excess. This will ultimately contribute to lower air pollution and water consumption through more energy efficient appliances as well.

Lower Utility Bill

Most of the allure for going solar comes from the super solar savings that sprinkle down on your budget. Not only do solar panels increase home value, but there are tons of incentives that make solar panels a feasible choice for remote workers. Here are a couple of great ways solar can save you money!

  • Net metering. This nifty program is offered by your utility company. It takes your excess energy and turns it into credits on your electricity bill. Read more about net metering here.
  • Federal Solar Tax Credit. Also known as the solar investment tax credit (ITC), this program will help you recoup the cost of your solar installation system for up to 26% on your taxes.

So, how much does it cost to work from home? It doesn’t matter when you have solar panels recouping your energy losses. A resilient solar panel system offers a solid way to produce energy and save your budget tons. Contact a Sunpro Solar Sales Specialist to find out your options today!

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