For many, the monthly utility bill is the second largest living expense after their rent or mortgage. Looking for ways to cut back and save energy consumption can benefit your bottom line and help you stay on budget.
Here’s my list of a few simple, free, or low-cost things you can do to cut down your costs. Individually these may not add up to much, but putting several into place at the same time can add up to substantial savings. Start with a few small ones and work up from there.
1. Get rid of Phantom Electric Cost
Unplug unused appliances, lamps, and electronics & use smart strip surge protectors that turn power off to appliances when not in use. Unused but plugged-in devices cost around $165 per household per year, according to the National Resource Defense Council.
2. Turn off the Lights!
Turn off lights when leaving a room, switch to fluorescent bulbs, and use dimmer switches. The savings will vary depending on the bulb you use since each has a different efficiency or energy output but on average you could save between $5-$6 per 1000 KW hours.
Another cost-saver is switching outdoor lighting to solar. Solar energy is free and could save up to $50 per year on your power bill.
3. Maximize Appliance Efficiency
The refrigerator/freezer is typically the most energy-efficient appliance in your home. However, they must constantly run to maintain a cool environment. Empty freezers require more energy to maintain their temperature, which can add up to 20% to your annual electricity cost. When full, refrigerators and freezers do not have to run as much, therefore, reducing your energy cost. (Tip: Since it can be expensive to stock an entire freezer with frozen food, load it with a couple of bags of ice to fill the empty space)
4. Full Loads & Cooler Water
Your washing machine uses the same amount of energy no matter the size of the load, so only running full loads can be a cost saver. Switching to warm water instead of hot can also cut the energy use in half and cold saves even more! Dryer balls also help to cut down on drying time, saving you money on energy and disposable dryer sheets.
5. Reduce Water Heater Use
According to the Department of Energy, tankless water heaters can save you anywhere from 8-34% on your hot water bills, depending on how much water you use. If a tankless is not in your budget right now, turning the temperature down a few degrees on your current system, taking shorter showers, and installing a low-flow shower head can save as well. You can also insulate your heater or install a timer that controls when water is heated so it’s not working when it’s not needed.
6. Maintain your HVAC Unit
According to US Energy Information Administration, air conditioning accounts for about 12% of home energy costs and can be as much as 27% for some southern states with high heat and humidity. Maintaining your HVAC unit and regularly cleaning the filters is important. Dirty filters block airflow, reduce the unit’s efficiency and can raise your cooling cost. It is recommended that you change or clean the filters every month or two during the summer – more frequently if you have pets or live in a “dusty” area. Other tips to improve your cooling cost include planting shade trees near your home, closing the blinds to block the sun, using ceiling fans, and installing a smart thermostat.
7. Improve your home’s overall efficiency
Making some energy-efficient home improvements can not only save on cost but can also improve your home’s value. Weatherproofing, sealing cracks, updating insulation, and replacing old windows can save up to an average of 15% on your yearly energy bill, depending on where you live.
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