How To Save Money On Electric Bill

By figuring out how to reduce your electricity usage, you could save more than €400 a year. That could significantly aid you in achieving your savings objectives. The good news is that it’s actually quite easy to reduce that particular cost once you know how. So, if you’re serious about cutting costs, here are a number of wise suggestions and techniques to help you lower your electricity bill.

As winter approaches, consumers should prepare themselves for higher heating and electric bills.Updated Mon, Dec 19 2022

how to save money on electric bill

As they say, winter is on its way, and with colder temperatures expected, consumers should be ready to pay higher energy bills soon.

Inflation for energy services, such as gas and electricity, was close to 20% in September. According to a recent report by the U. S. Energy Information Administration, about 47% of all U. S. Households use natural gas to heat their homes, and according to the agency, this winter will see a 28% increase in gas prices compared to last winter.

Thats not all: Since many U. S. Despite the fact that households continue to use electricity generated by burning natural gas, the price of electricity will also be rising.

In New York City, energy company Con Edison predicts that residential electric bills this winter will increase by 22% over the previous year, while in states such as Georgia, North Carolina, Indiana and Virginia, electric companies are attempting to implement price hikes ranging from 7% to 16%.

So, why are energy prices on the rise? Cisco DeVries, chief executive officer of OhmConnect, points to the war in Ukraine and the increasing frequency of extreme weather events due to climate change — such as the 2021 winter storm in Texas, which wrecked the states power grid, and the ongoing drought in California, which has affected the states hydropower supplies — for taking their toll on existing energy systems throughout the U.S.

Fortunately, there are still some actions you can take to reduce your energy costs this winter. Select breaks it all down, below.

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How to save money on your electric bill in apartments

Finding ways to reduce your electric bill doesn’t really depend on whether you live in an apartment or a house. The same principles apply. You can reduce your electric bill wherever you live by focusing on ways to reduce your water and lighting use as well as on how you heat your home. Here’s how.

Get a general idea of how much electricity you’re currently using before you start implementing any energy-saving practices. You could use an online auditing tool, download an auditing app, or hire someone to do it for you to accomplish this. Finding opportunities to reduce your energy usage is much simpler once you have your completed electricity audit.

Switching energy providers is one of the simplest ways to make significant savings on your electricity bill. You could save hundreds of euros each month if you shop around for the best rates. Use a price comparison website to do this in order to find the best deal available.

Choosing a digital account that allows you to manage your monthly bills online will help you further ensure that you’re on the best plan possible. As many businesses charge to send you paper bills, this is frequently less expensive. In order for your energy provider to accurately bill you, be sure to send regular meter readings.

You won’t be surprised to learn that switching off the lights when you leave a room can lower your electricity bill. However, there are other ways to save money besides just turning a switch. Replace all of your lightbulbs with energy-efficient compact fluorescent lamps (CFL) or, even better, light-emitting diodes (LEDs) for great advice.

Even though a CFL lightbulb is more expensive than a standard lightbulb, after nine months of use, it will have recovered its energy use losses, so any additional money you save after this point is profit. However, an LED bulb goes even further. An LED bulb not only uses 75–85% less energy than a regular lightbulb, but it also lasts 15–25 times longer!

Even though hot water is frequently the second-highest electricity use in homes, it doesn’t have to be. There are several things you can do to lower the cost of your water usage, in addition to fixing any dripping faucets and being careful not to let the tap run when brushing your teeth.

First, consider taking shorter showers. Water heating requires a lot of energy, which drives up the cost. You could use 23 liters less water per shower by cutting your shower time in half by two minutes. Daily showering results in an annual water savings of almost 8400 liters, which can significantly reduce your electricity bill and is also much better for the environment.

Next, consider replacing your showerhead with one that’s more energy-efficient. Look for a showerhead with a flowrate under 2 when shopping for a new one. 5gpm. Energy-saving showerheads function by limiting the flow of water, but they don’t give you the impression that you’re taking a shower next to a dripping faucet.

Lastly, consider reducing your water heater temperature. This is an easy one to overlook. The default temperature of most water heaters is 140°F (60°C), but this is frequently much warmer than necessary. Instead, consider setting your water heater to 120°F (50°C). This reduces both the amount of energy used overall and the amount of money lost by keeping the water heated while it is on standby because it is less expensive to heat the water to 120°F (50°C) than 140°F.

Over time, if you leave your electric appliances on standby rather than turning them off, your energy consumption will go up. Instead, think about using a smart power strip to connect your remote-controlled electronics. Then, all of the inactive devices will be automatically turned off by the smart power strip.

One of the biggest uses of electricity is for home heating. However, by using your thermostat wisely, you can reduce the amount of electricity you use. Just two degrees of temperature reduction could result in a five percent reduction in your heating costs. You could save up to ten percent if you lower it by five degrees. Here, investing in a smart thermostat that instantly adjusts to the temperature you want could help you save both time and money.

Make sure your thermostat is installed correctly as yet another piece of advice. It can start changing the temperature unnecessarily if it’s placed in direct sunlight or close to a draft, which will increase your electricity costs. Instead, make sure your thermostat is placed on a wall inside your house close to the center, out of the way of windows, doors, hallways, and the kitchen.

There are three ways you can cut costs when doing your laundry:

  • Only run the machine with a full load. Using an entire spin to wash a few shirts and a couple of socks definitely won’t help reduce your electricity bill.
  • Wash your clothes at a cooler temperature as it costs more to use hot water.
  • Opt to hang your clothes out to air dry rather than using a tumble dryer.
  • Your refrigerator and freezer use more energy the colder they are. Instead, set your fridge’s temperature to between 35°F (1. 5°C) and 37°F (3°C) and your freezer at around -0. 4°F (-18°C). By doing this, you not only keep your food fresh but also use less electricity overall.

    Check Out These Other Brilliant Ways To Save Money Around Your Home:

    how to save money on electric bill

    Install smarter switches and save up to $100 a year. Motion sensors are the perfect solution for left-on lights. They turn off automatically so you don’t waste electricity. Are you aware of the information a home security installer will withhold about motion sensors, which are excellent for home security?

    how to save money on electric bill

    how to save money on electric bill

    In many homes, small air leaks into uninsulated attics are a significant source of heat loss. Here are some tips for finding the leaks and plugging them without shelling out a lot of cash.

    how to save money on electric bill

    According to energystar. Using products with the Energy Star label, consumers helped to reduce greenhouse gas emissions and saved up to $30 million on their utility bills. Among many other things, these high-efficiency products include CFL and LED lightbulbs, home appliances, building supplies like windows and doors, and HVAC equipment.

    The average household spends $2,000 each year on energy bills. According to Energy Star, appliances with its label can reduce these costs by 30%, yielding an annual savings of about $600. However, you don’t need to replace everything to save money. Even replacing an eight-year-old refrigerator with a new Energy Star model can result in electricity savings of at least $110 annually.

    Not only is switching to Energy Star products one of the best frugal living tips, but it also allows you take advantage of their energy savings and may qualify you for the Residential Renewable Energy Tax Credit.

    how to save money on electric bill

    how to save money on electric bill

    Attics and crawl spaces with leaking, uninsulated ductwork waste a ton of energy and money. For a simple solution with a significant, immediate payoff, use duct wrap insulation. Learn how to insulate crawl space ducts.

    how to save money on electric bill

    Although it may seem wasteful to heat empty spaces, especially with more recent systems, closing heat registers can actually raise heating costs. It is less effective to close heating vents in empty rooms for this reason. Here’s how to save energy by closing heat registers.

    how to save money on electric bill

    Filling in all gaps, avoiding compression, sealing cracks in the framing, and other professional advice will help you get the most energy efficiency out of your insulation. Efficiency can be reduced by as much as 25% even with small gaps. Learn all about insulating walls.

    how to save money on electric bill

    This advice could help you significantly reduce your utility bill costs. You are wasting money by heating all that water if you wash and rinse your clothes in hot water.

    The big expense is heating all that water, not the juice needed to power the machine motor. Detergents are made to work in temperatures between 65 and 85 degrees F. As for rinsing, cold water is equally efficient as warm or hot. So dial back those temperature settings!.

    Right after the tub fills, check the temperature. It’s possible that even the coldest setting on the washing cycle is above 65 degrees Fahrenheit, so hot water is not even necessary. Make sure to avoid placing any of these 11 items in the washing machine.

    how to save money on electric bill

    This device allows you to program the times when your water heater activates and deactivates during a 24-hour period. Each household is different and you must determine, based on your hot water use, if a timer is right for you.

    Even better, take a look at these incredible home tech gadgets, one of which enables you to turn off the water in your house.

    how to save money on electric bill

    If you can see light creeping beneath exterior doors, air is also escaping. Grab a few packages of self-adhesive rubber foam weatherstripping and go to town, sealing any and all doors that lead outside.

    If you have weatherstripping already installed but your gas bill is still high, it may be time to replace the old strips that the previous owners put in. Check out this helpful guide for installing weatherstripping.

    how to save money on electric bill

    Experts recommend that homeowners change their furnace filters once a month. Additionally, routine filter replacement improves indoor air quality, lowers energy costs, and extends the life of your furnace.

    how to save money on electric bill

    Using a basic clothesline, you can dry your clothes for nothing using the sun’s energy rather than pricy electricity. Electric dryers can really drain your bank account, especially if you have a big family.

    Although hanging the clothes on a clothesline does require some manual labor, the result will be a cleaner, more natural smell in your laundry and a lower utility bill.

    how to save money on electric bill

    If you need to replace your HVAC system, think about going with a ductless mini split. The highly effective systems are easier to install, don’t require air ducts, and let you cool or heat specific areas of your home rather than the entire building, which makes air balancing easier.

    This could have a positive, significant impact on your energy costs. Check out these additional resourceful methods to reduce energy costs.

    how to save money on electric bill

    Consider repairing old windows yourself rather than shelling out $5,000 to $10,000 to replace all of your old windows with new ones. With a few hundred dollars’ worth of materials (such as paint, window glaze, and sandpaper), ), you’ll be ready to prepare every window in your home for reglazing.

    You can order the project by room, though it may take some time. To paint, reglaze, and if necessary, replace any cracked glass, remove each window one at a time. Get started glazing your windows here.

    how to save money on electric bill

    Spending a few hours yearly on routine maintenance, such as cleaning and straightening the fins, replacing the filter, and lubricating the motor, will keep your air conditioner operating at its best.

    Heating and cooling costs make up about $500 of an average home’s annual energy bill (gas and electric). When used in direct sunlight, air conditioners can use up to 10% more electricity.

    Plant high shrubs or shade trees nearby if yours is in the sun, but avoid enclosing the unit or obstructing the airflow. Place window units on the house’s north side or cover them with an awning. Check out these 21 suggestions for home cooling and air conditioner maintenance.

    how to save money on electric bill

    Electronics guzzle lots of power even when they’re turned off. Stop wasting electricity. Connect them to a power strip, then shut it off.

    According to the Department of Energy, 75% of the electricity used by home electronics happens when they are off. These “energy vampires” consume electricity nonstop, adding an extra $100 to your yearly bill.

    Therefore, unplug your electronics or plug them into a power strip, then turn off the strip if you want to keep that Benjamin Franklin in your wallet.

    how to save money on electric bill

    A clogged lint screen or dryer duct drastically reduces the efficiency of your dryer, whether it’s gas or electric. Clean the lint screen after each load and clean the exhaust duct once a year. The cleaner shown here has an auger brush that attaches to a drill to clean out the ducts.

    Electric dryers use about $85 of electricity annually. According to the Consumer Energy Center, a dirty lint screen can result in a dryer that uses up to 30% more electricity ($25 more annually). Lint buildup is also a common cause of fires.

    how to save money on electric bill

    Drain the tank and clear the bottom sediment to increase the efficiency of your water heater. Otherwise, before heating the water, you might have to heat through inches of sediment.

    Your electric water heater is losing heat if it is warm or hot to the touch. Wrap it with an insulating blanket (sold at home centers). Try purchasing a tankless water heater if you’re tired of a big, bulky water heater.

    how to save money on electric bill

    Utility companies have different smart metering programs, but the fundamental concept is the same: The utility installs a special “smart” meter that monitors how much electricity you use.

    The utility uses that information to prevent blackouts caused by overloading of its power grid. The utility may turn off large appliances in homes for brief intervals (such as 15 minutes every hour) if the grid is getting close to capacity. Smart metering is not something that all businesses provide, but many do and many more are considering it.

    Money! Some programs pay for signing up, so what’s in it for you? Others allow you to monitor your home’s usage online in real time to more effectively control your electrical usage.

    Others give you the option to select “real-time” or “time-of-use” pricing, which enables you to pay less for electricity used off-peak (for instance, on weekdays from early afternoon until 8 p.m.). m. ). These plans reward you for using electricity when it’s cheapest.

    If you spend the entire day away from home, smart metering makes the most sense. Things can be turned off without you noticing or caring (though everyone else would benefit from it too!). According to SRP, a power utility company, the plans reduce your bill by seven percent, or $140 for the typical $2,000 annual energy bill.

    Find out what smart metering programs are available in your area by contacting your local business. Additionally, be sure to follow these guidelines for properly protecting your electronics.

    how to save money on electric bill

    Condenser coils for refrigerators are found at the bottom or on the back of the appliance. Dust, pet hair, and cobwebs clog coils, making it difficult for them to effectively release heat.

    The result is your compressor works harder and longer than it was designed to, using more energy and shortening the life of your fridge. Clean the coils with a coil-cleaning brush and vacuum.

    A coil-cleaning brush does a thorough job and can be bent to fit in small spaces. Look for one online or at appliance stores. Check out our guide for advice on how to fix your refrigerator yourself and learn how to clean your house more quickly.

    how to save money on electric bill

    Because of their extreme inefficiency, fireplace chimneys can cause your warm interior air to escape like smoke up a chimney. You’re in good shape if you have airtight glass doors that close the opening. In the absence of that, a specialized balloon or chimney-top damper will do the trick.

    For fireplace chimneys that are seldom or never used, inflate a Chimney Balloon inside the chimney to stop the air leaks. Buy it directly from the company. Partially inflate the balloon by mouth or with a pump, then stick it into the chimney and blow it up the rest of the way.

    If you frequently use your fireplace, you don’t want to hassle with chimney balloons because inserting and removing the reusable balloon can be messy (here’s when to clean a chimney flue). But that doesn’t mean settling for energy loss.

    Instead, install a chimney-top damper system, like the Chim-a-lator, which seals the top of the flue when the chimney’s not in use. A lever in the fireplace controls the damper via a long cable.

    The lever is mounted in the fireplace after the damper and screened-in cap are attached to the chimney top during installation. Hire a chimney sweep or mason to install the system if you don’t feel comfortable working on the roof.

    how to save money on electric bill

    Wood-burning fireplaces have the potential to heat a room, but more often than not, they let heat escape from a house up the chimney. Make sure to give your modern fireplace an airtight door if it draws cold air from the outside.

    Install an operable vent door on your older fireplace if it uses room air for combustion. Additionally, only leave those vents open when the fireplace is lit. Otherwise, heat will constantly be sucked out of the house.

    Airtight doors have gaskets that seal the doors. Like other door systems, they attach to the masonry opening, but they also seal the space to prevent heated air from leaking up the chimney. Prices start at $700. (Yes, that is more expensive than the price of standard doors, which start at around $230.) ).

    how to save money on electric bill

    A portion of the house is kept cool by a room air conditioner. The issue is that if it isn’t properly covered, it will keep the room cool all winter. The best course of action if you have a window unit is to remove it so that cold air won’t circulate around and through it.

    Grab some removable caulk and a window air conditioner cover to keep the cold out if you decide to leave it in or if you have a wall unit that is permanently installed. Additionally, cleaning your central air conditioner unit once a year can help you save energy and money if you have one.

    Fit the corner straps that are sewn into the cover over the air conditioner’s exterior’s bottom corners. The middle straps should be wrapped under and up the sides of the unit before being hooked over the top.

    Apply removable caulk inside the home where the air conditioner meets a window or wall. Apply latex caulk to the built-in air conditioner to completely seal it off.

    how to save money on electric bill

    Is your laundry room cold in the winter? Cold air might be coming through your dryer vent. The vent should have a flap (or flaps) at the end to stop air infiltration.

    Check the flap from the outside to make sure it isn’t stuck open if there is one. If the flap works well, check the caulking. If it’s flaking and peeling away, cold air is probably leaking in. Make sure the vent is flush with the siding, remove the outdated caulk, and then apply fresh latex caulk.

    If the flap doesn’t close on its own, try cleaning it and then spray silicone on the pivot point. If the flap still won’t close, replace it. A new vent costs about $20 at home centers, and installing it will only take about 15 minutes.

    With a utility knife, begin by removing the caulking from the vent’s surrounding siding. Remove any screws and release the clamps holding the dryer’s duct. Reattach the new vent to the duct after sliding the old one out of the wall. Caulk around the vent flange.

    how to save money on electric bill

    Builders frequently install soffits over areas where they intend to install cabinets or recessed lighting, and occasionally they use soffits to enclose heating ducts. Soffits are very likely to leak, especially if they have recessed lighting.

    To locate them, consult the sketch of your home and, if necessary, rummage through the insulation. Soffits benefit from using reflective foil insulation, also known as “bubble-pack” insulation, as an air barrier.

    It’s flexible and only about 1/4-in. thick, making it easy to cut with a scissors. To get the caulk to stick, you must remove the insulation from the surrounding wood. Then cover the foil with insulation when you’re finished.

    However, unless the fixture is IC rated (which stands for “insulation contact”), do not place insulation within three inches of recessed lights. A label inside the recessed can will include the rating.

    how to save money on electric bill

    Storm windows aren’t new, but they’re definitely improved. They can be left on all year long and new ones can open and close. Some offer low-emissivity coatings to further cut heat loss. Even if your windows already have a low-e coating, you can still use low-e versions.

    When compared to single-pane windows, you’ll see the greatest savings. However, avoid installing storm windows over aluminum windows as the heat buildup between the two windows may damage the metal and the installation holes may result in leaks.

    Storm windows are available at home centers for purchase or special order, but low-e models might be difficult to locate. Two sources are Menards and Larson Windows and Doors. Before placing an order, measure the window’s height and width from the outside. Do-it-yourself installation takes about 30 minutes per window.

    “Almost half of U. S. homes have single-pane windows. Windows are significant heat-loss sources, but low-e storm windows can cut that loss by more than 50%. ” — U. S. Department of Energy.

    how to save money on electric bill

    Outside air can enter the house through electrical outlets and switches on exterior walls. It can lose a lot of heat when all the outlets in an average home are combined, so it’s worth taking ten minutes to plug each one.

    how to save money on electric bill

    You’ll likely notice wide gaps around the plumbing pipes when you pull back the escutcheons where they enter exterior walls. Additionally, you might feel a draft if it’s cold outside.

    To stop those leaks, all that is needed is a can of expanding foam. (In addition, check out these 12 incredible uses for spray foam. ).

    Shake the can hard before spraying the foam around the pipes inside the wall. Don’t completely fill the gap — the foam will expand. If it expands excessively and you are unable to reattach the escutcheon, wait for it to dry before using a utility knife to cut it flush with the wall.

    how to save money on electric bill

    Consider quilted curtains to increase comfort and allow you to lower the temperature if you’re increasing the heat in the house to make up for drafty windows.

    how to save money on electric bill

    Leaks in the ceiling are worse than leaks in the walls because hot air rises. And in many homes, the No. 1 cause of mold is this airflow through ceilings and into the attic. 1 source of heat loss.

    Using an incense stick, you can look for leaks near the ceiling light fixtures and the attic access door. However, the only way to find any additional leaks is to climb up into the attic, remove the insulation, and search for them.

    The majority of leaks happen where the ceiling’s chimneys, electrical, and plumbing lines intersect. Plugging these leaks is a simple project that mostly involves caulking and foaming gaps, despite the unpleasantness of working in the attic.

    how to save money on electric bill15 Ways to Save Money on Your Electricity Bill


    How can I save the most money on electricity?

    Here are some ideas.
    1. get a personalized insurance quote today. …
    2. Switch to energy-efficient light bulbs. …
    3. Change air filters regularly. …
    4. Keep air vents open and clear. …
    5. Replace old appliances. …
    6. Use a programmable thermostat. …
    7. Turn off lights and “vampire” electronics. …
    8. Seal air leaks around doors and windows.

    What uses the most electricity in a home?

    Top five energy consuming home appliances
    • Wet appliances. Taking the top spot on our list, washing machines, dishwashers, and tumble dryers consume 14% of the average energy bill.
    • Cold appliances. …
    • Consumer electronics. …
    • Lighting. …
    • Cooking.

    What can I turn off to save electricity?

    Before you start
    • Before you start. Understand your energy bill. …
    • Switch off standby. …
    • Draught-proof windows and doors. …
    • Turn off lights. …
    • Careful with your washing. …
    • Avoid the tumble dryer. …
    • Spend less time in the shower. …
    • Swap your bath for a shower.

    How can I lower my electric utility bills and save money?

    10 Ways to Save Energy and Lower Utility Bills
    1. Consult a professional.
    2. See what’s using the most energy.
    3. Use smaller machines for work and entertainment.
    4. Update old appliances.
    5. Change out old lights.
    6. Replace your showerhead.
    7. Pay attention to your thermostat.
    8. Insulate and reduce air leakage.


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