The average American household spends about $1,000 on electricity each year. Here are 18 ways to save money on your monthly electric bill in 2021.
The cut electric bill by 75 percent is a goal that many people are trying to achieve. There are 18 ways to save money on electricity in 2021 (every month).
Electricity is necessary, but it is not inexpensive—especially if it is used inefficiently. We’ll go through 18 methods to save money on energy in this post.
The most straightforward method to save money is to decrease your energy use, which is the subject of the majority of the ideas presented here.
How to Save Money on Electricity in 18 Simple Steps
Some of the techniques are completely free to use. Turning off lights, closing doors, and lowering your water temperature are all free yet may save you a lot of money.
Some methods, like as purchasing energy-efficient appliances or a new thermostat, are costly, and you will not see a return on your investment for some time.
You’ll have to determine if the prospective savings are worth the initial investment with these ideas.
1. Make the switch to renewable energy.
Arcadia is an energy marketplace that connects consumers with renewable energy providers. The tool is a fantastic method to make sure that part of your energy dollars go to environmentally friendly companies.
While the platform’s primary goal is to encourage people to convert to renewable energy, you may also be able to save money on power. Because the business negotiates its own prices with energy providers, this is the case.
To check whether you can save, go to the Arcadia website and input your ZIP code to see what choices are available. If one is less expensive than the one you have now, switch to save money.
2. Make use of energy-saving light bulbs
By switching to more energy-efficient light bulbs, you may save money by using less power to generate the same amount of light.
Depending on the kind of lighting you presently use, the type you switch to, the number of bulbs you have in your home, and how long you use them each day, the amount you save may be considerable.
Mr Electric claims that keeping 10 incandescent light bulbs on for an hour a day when they are not in use adds $24 to your annual energy cost. CFL lights cost just $6 per year, whereas LED lights cost only $5 per year.
LED bulbs are more costly than other choices, but they may last up to 20 years, which is much longer than other kinds of illumination. As a result, they’re a great long-term lighting option for saving money on energy.
3. Make use of intelligent power strips
The majority of homes have many plugged-in electric gadgets that use energy even when they are not in use.
According to Intelligent Energy Europe, appliances that are kept on standby use approximately 11% of an average EU household’s yearly energy usage.
The simplest method to avoid this is to disconnect all of your gadgets once you’ve finished using them. However, owing to the sheer amount of goods we use, this is often impractical.
Using a smart power strip is the best option.
These are similar to standard power strips in that they enable you to connect several devices to a single outlet. They distinguish themselves by being able to detect when a device is in sleep mode and preventing any power from being delivered to these devices.
Consider getting one of these for any room in your house where you have a lot of electrical devices plugged in. They are ideal for use in entertainment centers or home offices. The more applications you install, the more money you save.
4. Experiment with Dimmer Switches
Dimmer switches allow you to reduce the amount of light emitted by a bulb.
This is accomplished with newer versions of the technology by reducing the amount of energy needed to power the light. If you use the switch to reduce the amount of light your lights emit, you may save money on energy.
Although you will have to spend an initial cost to install the switch, adding dimmers to all rooms in your home will enhance your savings potential. Using dimmers to conserve energy is a wonderful method to save money.
5. Add a smart thermostat to your home.
Thermostats are devices that allow you to regulate the temperature in your house.
If you utilize it to guarantee your house isn’t hotter (or colder) than it needs to be, installing one may help you save money. This is due to the fact that heating and cooling a home consumes a substantial amount of energy.
Using a smart thermostat, such as Google Nest, may help you save money.
This thermostat has all of the functions of a traditional thermostat, plus the ability to regulate the temperature of your house via a smartphone app. It also utilizes your phone’s built-in GPS to dial down the heat when you’re not around. These characteristics minimize the likelihood of energy waste.
Google claims that switching to Nest saves users between 10% and 12 percent on heating and 15% on cooling on a yearly basis. This saves you between $131 and $145 per year on average.
Of course, how much you save will be determined on your energy use patterns before to and after installing the device. The savings may be smaller if you already keep things cold and are excellent at turning your heater off while you aren’t at home.
There are additional advantages to using a smart thermostat. To put it another way, your house may be more pleasant to live in, and you won’t have to worry about turning the heat on and off all the time.
Install Energy-Saving Appliances 6.
Energy-efficient appliances consume a lot less energy than less efficient appliances.
Refrigerators built before 1993 consume twice as much energy as newer ones, according to Energy Star. Those that are Energy Star certified, on the other hand, consume less energy than a constant 60-watt light bulb.
You may also save money by buying more energy-efficient dishwashers, washing machines, dryers, and other appliances. In the United States, look for models that are Energy Star Certified or rated A+++ in the European Union.
To save money, be mindful of how you use equipment. On hot days, consider air-drying your clothing, removing heated drying and pre-rinsing from your dishwashing routine, or washing your clothes on cold. This is a great method to save money on your energy bill.
When devices are not in use, unplug them.
You’re probably aware that keeping gadgets on standby consumes energy and costs money, but did you realize that certain devices use very little energy when just plugged in?
Chargers are a major problem, according to ScienceABC, because they waste energy both when the gadget they charge is plugged in and full, as well as when it isn’t even connected.
While the quantity consumed isn’t significant, if you have a lot of electrical devices, it may build up over time.
Unplugging all gadgets when you aren’t using them is the easiest method to guarantee you aren’t wasting electricity. Make this simpler by purchasing a multi-socket power bar and just disconnecting the power bar’s cord when not in use. To save money on energy, do this.
8. Showers should be shorter.
When the weather turns chilly, long hot showers are a treat. However, reducing the amount of time you spend washing may help you save a lot of money.
A 15-minute shower costs approximately $1 New Zealand ($67), according to the New Zealand Energy Efficiency and Conservation Authority (EECA), whereas a five-minute shower costs just 33 cents ($0.22). This is a substantial differential that may result in considerable savings over time.
If you share a home with others, the difference will be much more noticeable. By reducing the length of showers, a family of four may save $900 New Zealand ($603), according to the EECA.
9. Allow your clothes to air dry.
Tumble dryers are a quick and easy method to get your clothing dry. Switching to air drying, on the other hand, may save you a lot of money.
According to The Spruce, drying a load costs approximately 45 cents in the United States, depending on a 5,600-watt dryer operating for 40 minutes at $0.12 per hour.
The precise amount you save will be determined on your machine and the quantity of energy you pay for. If you dry several loads each week at the aforementioned costs, switching to air drying may save you $50 or more per year.
Stop washing your clothes in hot water.
When you wash your clothing in a washing machine, energy is used to heat the water. However, using hot water isn’t always required. According to CS Monitor, switching to cold saves $0.64 each load, assuming a $0.15 per kWh energy cost.
Of course, there are occasions when a little more cleaning force is required. Consider washing your clothing on warm in these circumstances. When compared to washing on hot, this will still save money.
Another advantage is that washing clothing on cold reduces the amount of damage done to each item, possibly prolonging the time you can wear them.
You may save a lot of money by washing your clothing on cold and air-drying them. This is a great method to save money on your energy bill.
11. Control the Water Heater’s Temperature
The water heater in your house utilizes energy to heat the water in your tank. Lowering the temperature at which water is maintained lowers energy costs since it takes less energy to heat water at a lower temperature.
Switching your water heater thermostat from 140°F to 120°F may save you between 4% and 22% yearly in standby heat and water demand losses, according to the US Department of Energy.
There are a few things to think about.
If your dishwasher doesn’t have a booster heater, the water temperature should be adjusted between 130oF and 140oF. If you have a dishwasher, double-check this before lowering the water temperature.
The lower temperature may potentially raise the danger of legionella bacteria. Those with a weakened immune system or chronic respiratory illness should maintain their tank temperature at 140 degrees Fahrenheit, according to the Department of Energy.
12. Use the washer and dryer at night
During peak hours, several energy providers charge higher rates. As a result, you may be able to save money by operating energy-intensive equipment when electricity is less expensive. Before making this decision, double-check to see whether your plan provides dual pricing.
If you reside in an apartment building, be aware that these appliances may be very noisy.
13. Inspect door and window seals on a regular basis.
If your doors and windows aren’t correctly sealed, outside air will enter your house and influence the temperature inside.
When it’s too hot or too cold outside, you’ll have to spend extra money to cool or heat your home to a suitable temperature. To avoid this, be sure to check window and door seals on a regular basis.
14. Change the temperature in your refrigerator
If the temperature in your refrigerator is set too low, you will spend more money than required to keep it operating. You may even wind up with accidentally frozen food, which is an other issue altogether.
Refrigerators should be set between 37 and 40 degrees Fahrenheit. Place a thermometer in a glass of water and place it in the fridge overnight to monitor the temperature.
If it’s too chilly in your fridge, don’t turn it up too high. This may cause food to spoil more quickly than it would otherwise. To be sure, repeat the thermometer in water technique after the temperature has been raised.
15. Turn Off Lights That Aren’t Necessary
Turning off lights may help you save money, but the specific advantages and when you should do so will vary depending on the kind of lighting you use.
According to the Department of Energy of the United States of America:
- When incandescent lights aren’t in use, turn them off.
- When halogen lights aren’t in use, turn them off.
- If you’ll be out of the room for more than 15 minutes, turn off the CFL lights. This is because repeatedly turning on and off these bulbs causes them to wear out quicker, and replacing them may be costly.
- When you leave a room, always switch off LED lights.
16. Inspect the Insulation in Your Home
Heat is lost via your walls and roof, thus poor insulation may cost you money. According to Insulate Kansas City, a poorly insulated attic may waste up to 20% of a home’s energy.
Fortunately, if you have a little time to spare, this is a very simple issue to solve on your own.
It simply entails determining how much insulation you have in your attic and installing more insulation where necessary.
Unfortunately, wall insulation is a more difficult issue to solve than attic insulation. It may be necessary to hire a professional. While this will be more costly in the short term, the energy savings may be worth it in the long run.
Clean and replace HVAC filters on a regular basis.
HVAC filters are the filters that your air conditioner uses. According to the US Department of Energy, changing a filthy, clogged filter with a clean one may reduce the amount of energy your unit consumes by 5% to 15%.
This may be a considerable amount of money depending on how much you usually spend on keeping your house cool. Whether you need to replace or clean your filter will determine how much money you save. You won’t have any further expenses if all you have to do is clean it.
Replacing an HVAC filter isn’t only about saving electricity. Allergens may build up in a filthy filter, which may be discharged when the device is turned on.
Keep all doors and windows shut.
The last and probably most basic of our suggestions is to keep your doors and windows closed while using your heating or air conditioning.
You will enable hot or cold air to escape the room if you keep doors and windows open. This will heat or cool a space that does not need to be kept at a certain temperature.
Similarly, rather of putting on the air conditioning, try opening your windows to allow in a natural breeze if the weather is just little too warm.
The majority of the suggestions on this list will save you money. However, by combining many ideas, you may be able to save a substantial amount of money on your energy costs. The goal is to develop healthy habits and stick to them consistently.
If you live in a multi-person home, teach your neighbors about the best methods to decrease their energy use. This will guarantee that everyone is aware of how to save expenses.
The 100 ways to save electricity is a blog post that lists 18 different ways to save on your monthly electric bill.
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