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The Clark Howard Podcast

05.11.22 SAVE MORE: Reduce Energy Consumption / Diamonds Are Cheaper Forever

The Clark Howard Podcast

Clark Howard

Entrepreneurship, Investing, Business

4.65.2K Ratings

🗓️ 11 May 2022

⏱️ 31 minutes

🧾️ Download transcript

Summary

The cost of solar is down 80% from a decade ago - a way to defray energy cost, along with ultra efficient HVAC systems coming soon. Ways to reduce energy consumption now include LED light bulbs,  adequate insulation and smart thermostats.  Also - lab created diamonds are taking off and for a very beautiful reason.  Energy Consumption: Segment 1 Ask Clark: Segment 2 Lab Created Diamonds: Segment 3 Ask Clark: Segment 4 Mentioned on the show: How To Save Money on Utilities How To Extend the Lives of These 5 Major Appliances Driveway: 5 Things To Know Before You Buy or Sell a Car Online 7 Places to Get the Best Deals on Lab-Created Diamonds How to Buy Term Life Insurance in 7 Easy Steps Best Investment Companies for Investors in 2022 What Is a Spousal IRA and What Are the Rules? Best Balance Transfer Credit Cards: Top Picks for 2022   Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

There's something so romantic about winter and I don't know whether that's just because

0:05.4

I'm a bit of a homebody and I love a 5th.

0:08.0

But I think it's just the holiday period, it's just for me, it's the most romantic period.

0:14.1

And I think anyone who's listened to my records will know that I'm quite a big fan of romance.

0:18.8

Join in every sip with Red Cops Now Back at Starbucks.

0:31.2

It's my pleasure to welcome you to the Clark Howard Show, our mission is to serve you and

0:36.2

empower you so you make better financial decisions in your life.

0:40.8

And today's show, I got a simple tip that's going to save you money on these rising electric

0:47.6

bills and later I'm going to help you save money buying jewelry.

0:53.2

It's actually a savings bananza on this podcast.

0:58.6

So I have been obsessive going back to the 1970s about reducing my use of energy as technology

1:10.6

has changed over the last 40 plus years.

1:14.5

It's just been truly what I hope is a healthy obsession for me, figuring out how to reduce

1:22.5

my consumption of energy and where it comes from.

1:26.2

You know, I've been a big solar guy for years and years and years.

1:31.1

Solar markets going through a bit of a rough patch right now because of a problem with tariffs

1:41.4

and where the supplies are coming from blah, blah, blah, market hates uncertainty.

1:47.7

But solar over time has gotten so much cheaper and even with disruptions in the marketplace,

1:57.1

recently the cost of solar is down about 80 plus percent from what it was 10 years ago

2:04.8

to install it.

2:05.8

Either what's called utility scale where you see those huge solar farms when you're driving

2:10.9

along an interstate or sometimes you'll see them flying over an area in an airplane.

...

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