Saving Money on Electricity

Saving money on electricity can help you reduce your variable expenses and achieve your budgeting goals. By tweaking a few things here and there to reduce your electrical costs, you could end up with considerable savings over the course of a year.

Here are some ideas that will help with saving money on electricity.

Money Saving Tips for Air Conditioning and Heating

If electricity runs your air conditioning and/or heating for your home, putting expense-cutting measures in place is going to give you the biggest bang for your "savings" buck.

If you are using central air conditioning or heating, simple tips like keeping the registers closed in rooms where you spend minimal time and closing blinds/curtains can help reduce your monthly bill year-round.

If there is going to be no one in the house during the day, turn the thermostat down in the winter or up in the summer so less energy is consumed while you are out.

Consider installing a programmable thermostat that shuts off your heating/cooling system during the day, and powers it up 30 minutes before you arrive in evening.

Make sure your home is well insulated for saving money on electricity. Don't forget to clean or replace those air conditioning and heating filters regularly. Once a month is the standard, but can vary depending on usage and your home environment.

If air conditioning is more of a convenience than an absolute necessity where you reside, try to live without it except for unusually hot days.

In addition, you can try to cool your home by keeping windows and doors closed during the day. Then, open them and ventilate your house during the cooler times of the day (like early mornings, evenings or overnight, if possible). Also, consider installing ceiling fans in the rooms you use most often.

Other Ideas for Savings 

  • Replace older equipment in your home with newer, energy efficient appliances.
  • Replace incandescent lights with energy-saving LED or CFL lights.
  • Set refrigerator settings to the higher end of manufacturer recommendations. Always keep the door closed and defrost regularly, if your freezer is a manual defrost model.
  • Cook with right-sized pans and pots. Use the microwave instead of your oven, when possible.
  • Fill up your laundry washer and dryer, as well as your dishwasher, to the maximum capacity recommended by the manufacturer (without overloading them).
  • Air dry your clothes in your home or on a clothes line rather than using your dryer to save costs. If you do use a dryer, remember to clean that lint tray before every use.
  • Fix dripping faucets and leaky pipes.
  • Switch off lights, fans and electronic appliances when not in use. This includes unplugging those electronic appliances since they still consume a small amount of electricity when plugged into a socket.
  • Set your computer to automatically to a hibernate or sleep mode after a few minutes of non-use. If you use a separate monitor with your computer, turn it off when not in use.
  • Work with your utility company to set up a fixed monthly payment plan, based on your average annual usage. This will help with your budget management during very cold and hot months.

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