Will You Save More By Using A Heat Pump Or Solar Panels?

Stepping Into Lower Heating Costs | Will You Save More With a Heat Pump or Solar Panels? | 5 Bargain Vacation Destinations Off the Beaten Path Created for {EMAIL} | [Web Version]( December 27, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Instagram ]( [Youtube]( [SIGN UP]( ⋅ [WEBSITE]( [] INTRODUCTION [] - [Stepping Into Lower Heating Costs]( Most of America has turned on the heat and we all want ways to make that bill cheaper. I admit to popping on another layer before touching the thermostat. My colleagues, Kiplinger personal finance writer Erin Bendig and audience engagement manager Ben Demers, have brought together [everything you need to know about saving with heat pumps and solar panels](. If you have cabin fever from hiding from the cold temperatures, I have [five beautiful and cost effective vacation ideas]( that will restore your sanity and not empty your bank account. - Donna LeValley, personal finance writer P.S. I welcome your questions and suggestions about this newsletter – you can reach me at d.levalley@futurenet.com [Great Futures Start with Defined Goals]( Vanguard Personal Advisor provides ongoing portfolio advice—along with support and personal coaching to help you make decisions, tackle challenges and complexities, and stay aligned with your goals. [Start the conversation today]( Paid non-client promotion [LEARN MORE]( ADVERTISEMENT [] TOP STORY [] [Will You Save More With a Heat Pump or Solar Panels?]( [Will You Save More With a Heat Pump or Solar Panels?]( (Getty Images) Heating and cooling a home is a regular expense we all keep a close eye on. There are so many new energy efficient options available and it can be hard to figure out which one will be more cost effective. Most will help you conserve energy and save money, but which one is best for your pocketbook and needs? [Read on to learn the pros and cons of heat pumps and solar panels and how much you can save by installing either](. [] VACATIONS [] [5 Bargain Vacation Destinations Off the Beaten Path]( [5 Bargain Vacation Destinations Off the Beaten Path]( (Getty Images) If you too are starting to decompress from the whirlwind of the holiday season, take a look at these cost conscious and stunning vacation destinations. Another perk of avoiding the more popular places is more elbowroom. You’ll have space to spread out by the pool or spend more time hitting the slopes than waiting for the ski lift. [See where these wallet friendly destinations are and how much your stay will cost](. [Get Personal Attention from Registered Financial Advisors Here]( Find out how much you can afford each month with our data-driven spending plan. [READ MORE]( ADVERTISEMENT [] TAX-FREE INCOME [] [How to Earn Tax-Free Rental Income — Legally]( [How to Earn Tax-Free Rental Income Legally]( (Getty Images) When it comes to taxes, not knowing the rules can cost you an opportunity to make some tax-free rental income. You can offset the cost of a dream vacation by renting out your home while you're away. It sounds simple, but you need to know the ins and outs to ensure you can avoid paying taxes on that income. [We have the details of how many days you can rent out your home and if you can claim any deductions for related expenses](. [How Dividend Reinvestments Boost Your Returns]( If you invested in an S&P 500 index fund starting in January 2000 until September 2020 your average annualized return would have been 4.2%, a cumulative return of 136%. But if you reinvested all dividend payments your annualized return would have been 6.2%, a cumulative return of 247%. Just reinvesting dividends would have nearly doubled your gains. 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