Are you energy bills taking up a large chunk of your monthly budget? Save money on energy bills is hard work.
If you're like the average American household, you'll spend anywhere from $2,200 to almost $5,000 this year on home utility costs like electricity, water, phone, and cable.
Paying those high energy bills every month is like throwing your money away. Don’t do it!
Reducing your energy bills does not have to mean you need to wear your winter coat in the house to burn candles to see inside after dark.
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Here are some easy ways to save money on energy bills now.
1. Change The Light Bulbs
At first, it might not seem like LEDs are going to be a money saving switch. They are more expensive than incandescent bulbs, but the prices continue to drop.
The way you should really think about it is that LEDs are more of a long-term investment. So, while the upfront cost might be a little higher, the payback time is worth it.
If you swapped out only one light bulb with an LED, it’s been predicted that you’ll reduce the amount of energy consumption 70-90%.
This can save you anywhere between $30 and $80 on your utilities over the course of the lightbulb’s lifespan.
LED lighting converts 95% of energy consumed into light, unlike incandescent bulbs, which convert only 10% of energy for light. The 90% of energy remaining is wasted as heat.
In addition to saving money, LEDs can save you time — with fewer trips to the store and up the ladder to switch bulbs.
They last about 25,000 hours. That's more than 13 years if you keep your lights on five hours a day.
By comparison, incandescent bulbs last just 1,200 hours, and compact fluorescents, 8,000 hours.
2. Fix Leaky Faucets
The drip, drip, drip of your leaky faucet and showerhead is more than just annoying, it downright expensive.
A rate of one drip per second could waste more than 3,000 gallons of water per year. Considering the average $40 water bill is based on a consumption of 400 gallons per day, that extra waste can really drain your budget.
Conserve water and save money, by taking time to fix faulty faucets.
3. Run Your Ceiling Fans Year Round
Just make sure you're doing it right.
When it comes to your heating bill, make sure that you have your ceiling fans rotating clockwise in the winter time. That pushes the warm air downward, allowing for less use of your system for heat.
Do the opposite in the summer.
Doing so could reduce your heating bills by around 10 percent.”
4. Use a programmable thermostat
Programmable thermostats can reduce heating and cooling costs in your home by 25% or 30%.
The Nest thermostat is one of the most popular ones. The Nest Learning Thermostat is here to help make your home work for you.
Using smart learning technology, the Nest Learning Thermostat can learn what you like and automatically adjust itself to your comfort level.
After a couple of days of manual adjustments, the Nest Learning Thermostat can anticipate when you would want to turn the temperature up, to help keep you cozy in the morning, and set the temperature down as you head to bed.
5. Turn Down The Thermostat A Degree
You can typically save around 3% of your heating bill per degree that you lower your thermostat.
And it will rise 3% per degree that you raise the heat as well.
The optimal winter temp is 68, it keeps your home warm and your heating bill low
6. Change Out Furnace Filters
A furnace filter that is clogged with dust, pet dander, and other particles will cause your furnace to work harder because of decreased airflow.
When this happens, you will need to make repairs more often to replace worn out parts.
Over time, the useful life of your furnace will be reduced as a result.
Being your furnace has to work harder, this means it is using more energy to operate. By changing its filter monthly, you will help reduce your home's heating costs.
7. Caulk Around Leaky Windows and Doors
The United States Department of Energy estimates that 10% of heat loss is from windows, 15% from ducts and 13% from plumbing and other leaky areas!
A 1/16 inch crack can let in as much cold air as if you left a window open 1/2″.
Check where you gas line come into the house and where your dryer vent exits. Find those cracks and seal them up.
Unplug the secret energy monsters, like your phone charger, laptop, and tv when you are not using them.
These are devices that draw energy when they are plugged in but turned off.
Your phone charger is a big one – do not plug in your phone and charge it overnight because it will still be drawing energy long after it has charged.
9. Don't leave the tap running
Simply turning the water off while you brush your teeth can help you save eight gallons per day. That's nearly 3,000 gallons a year.
10. Get rid of your second fridge
Nearly 1 in 3 of us have a second refrigerator in our homes, according to The Washington Post.
When we buy a new fridge, we often take the old one and put it in the garage or the basement instead of ditching the thing. A lot of us think, ‘Hey, now we can buy more frozen foods when on sale.’
But the reality is older fridges consume massive amounts of electricity.
The cost of running a new fridge is next to nothing; older ones, though, can be hundreds of bucks a year to run. So that money you think you’re saving buying food on sale, you’re actually spending on your electric bill!
11. Check Your Monthly Bills
Utility companies make mistakes on billing all the time. Make sure that you check each statement for errors. Ask about any extra charges or abnormal consumption. Also, they often have discount programs available for those who opt out of paper billing.
So there you have it!
11 easy tips that can help you save money on energy bills. Some of theme are super simple and some take a bit more work.
Start out with the simple things and seeing yourself save money on energy bills each month and that will motivate you to work on implementing the entire list.