How Can I Decrease My Electric Bill?
Electricity is a huge cost for most homeowners, but fortunately there are plenty of ways to save energy for year-round savings.
Turn Off Electronics And Appliances
One of the simplest ways to decrease your electric bill is to unplug electronics and appliances when you aren’t using them. You’ll save a few dollars per month, but it also helps to lower your risk of an electrical fire. Among the most common energy vampires are your microwave, DVD player, VCR, cable box, or computer. They all suck electricity even when you’re not using them, and they contribute to phantom power or standby power bills that can add up to 23% of your energy costs! To combat this, you can buy an electricity monitor that plugs in each device and records their wattage usage. This can help you identify the energy vampires and save money on your electricity bill.
Turn Off The Water
Taking the time to turn off the water when you are not using it can save you a lot of money on your bill. It also can help prevent water damage in case of a plumbing emergency. Ideally, every person living in your home should know where to find the main water shut-off valve in their property. It should be a lever-type valve with a wheel control or lever handle.
Insulate Your Home
Insulation helps prevent heat from escaping your house by acting as a barrier that blocks the movement of air. Whether you are building a new home or renovating an existing home, properly insulating your walls, attic, crawl space, rim joists, and electrical outlets will dramatically reduce your heating and cooling costs, as well as increase your comfort.
Run Your Appliances During Off-Peak Hours
If you have a time-of-use electricity plan, you can lower your electric bill by running appliances during off-peak hours. These times are cheapest because they’re less busy for the energy provider. In summer, peak demand hours are typically from 1pm to 7pm on weekdays and 4pm to 9pm in some areas during the day, because people are using air conditioning. Off-peak periods are usually nighttime hours, which tend to be quieter and cheaper. You can save money on your utility bill by putting your major appliances like dishwashers, washing machines and dryers on delayed start during these times.
Install A Smart Thermostat
A smart thermostat is a great way to decrease your energy bill because it automatically learns how your home feels and adjusts to keep the temperature perfect for you. They also help you track your energy usage so you can see how much you’re saving. The savings may vary depending on the climate you live in and your energy bill, but a smart thermostat should save you about 8 percent on average. It’s a small amount, but it could mean a big difference in your monthly budget.