The sweltering heat has descended upon us once again. For most of us this means cranking up the air conditioner to the lowest temperature, because we feel this will cool down the room temperature faster. But, this common myth is why your electricity bills rise exponentially during the summer.
Couple that with the actual cost of buying an air conditioner, and you will easily burn a sizeable hole in your pocket. What if we told you that there is a way to not just be economical when buying your AC, but also while using it? Here is what you need to know.
First, let us talk about how you can buy an AC without taking a huge hit to your bank balance. It is all about finding the right deal. Bajaj Finserv, for example, has just launched its Summer Sale, which gives you a variety of cashback offers and easy EMI plans when you wish to purchase your AC.
For example, EMIs under this campaign start at as low as Rs.1,999. Not just that, you are also eligible for Insta Credit of up to Rs.5,000 on all purchases above Rs.20,000 and an Insta Credit of up to Rs.40,000 so you can also pay your electricity bills on EMI.
When you choose the option of Insta Credit, the amount reflects instantly in your Bajaj Finserv Wallet. You are given the option of repaying this amount in three easy installments.
To become eligible, shop for your AC using the Bajaj Finserv EMI Network. With this Network, you will have access not just to the most energy efficient AC brands such as LG, Haier, Blue Star, Godrej, Hitachi, Voltas, etc., and AC types such as window ACs and split ACs, but there are over a million other products that you can buy from the more than 60,000 shops, both online and offline.
You can either make your purchase online using the EMI Network Card or walk into any of the partner stores and avail of in-store financing. The network’s partner stores are spread across more than 1,300 cities in India.
With finances out of the way, you should now focus on how you can lower your electricity bill in the summer months. Read on to find out why and how keeping your AC temperature to a higher 25°C will not only keep you cool this summer, but will also save you a lot more power than a chilly 18°C would.
Be cool, opt for 25°C instead of 18°C
Most of us believe that setting the AC temperature to a frosty 18°C, for example, will cool down the room down much faster. This is incorrect. The air conditioner takes as much time to reach 18°C as it does 25°C. Also, keep in mind, that 25°C is still much cooler than an outside temperature of say 34°C. But, here is why this is a money saver.
When you choose a low temperature, your compressor has to work that much more in order to achieve the desired coolness, which means your AC is consuming more electricity. At a higher temperature, the compressor works for a lesser amount of time, saving you quite a bit of energy and money.
Take care of your health
Keeping the temperature at 25°C even has health benefits. Your normal body temperature averages around 36°C. So, your body remains comfortable and cool even at 25°C. Exposing it daily to an extreme temperature of 18°C can be detrimental to your overall health in the long run.
Also, keeping the temperature extremely low to the point where you need to wrap a blanket or cover yourself to keep warm defeats the purpose. It is not only a waste of energy, but also costs you. Even the United Nations ran a ‘Cool UN’ campaign a few years ago where it set a goal to keep the temperature indoors at 25°C.
Save energy and money
Are wondering how much you are saving by setting your air conditioner at 25°C? Quite a bit in the long run, actually. On an average, if you increase your AC temperature, you save around 900kWh of energy every year, which amounts to a monetary saving of around Rs.6,000 a year. According to experts, every degree that you move the thermostat up by will save your around 4-5% of electricity.
Of course, keeping the temperature of your AC up isn’t the only factor that can save on energy. You also have to determine the number of people who will occupy the room you wish to install the AC in, the energy efficiency rating of the model you with to purchase along with the dimensions of the room.
So, for example, the higher the energy efficiency rating of the AC you choose, the lower your electricity bills. If your room is 9 x 10 feet, for example, you will need an AC weighing 1 tonne for effective and cost-friendly cooling. Similarly, if there are fewer people who will occupy the room, you should purchase a smaller AC and vice versa. All these factors put together allow you to make optimum use of the AC and save you a lot of money at the end of the year.
Now that you know that following this common myth all adds up in the end and costs you dearly, the time to start saving is now! With all this knowledge at hand, you are now more than equipped to make the right choice for your AC. Before you get started, however, be sure to check your pre-approved offer from Bajaj Finserv. This will help you get a customised deal on No Cost EMI, using which you can buy the AC of your choice with high energy efficiency to help you save more. By checking your offer, you will also get deals on other financial services such as home loans and personal loans, and insurance plans to help you address all your goals. So, get started now!
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