Everything You Need To Know For Reducing Your Electricity Bill

If you are a homeowner, you have probably thought of lowering your electricity bills every time you get your bill is logical. According to a recent study, the electricity bill is the second-highest cost most homeowners pay every month. That’s not surprising because thanks to modern science, we use electricity to run appliances for everything around the home nowadays.

Especially during this time when coronavirus has damaged the world economy, people are struggling to pay their bills. Meanwhile, lockdowns mean more time at home and higher electricity use than if you were in the office most of your day. You can reduce your electricity consumption if you use it smartly. As a result, your bill will reduce too. If you are looking to cut your electric bill, this article will give you some ideas on how you can do that.

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1. Get A Smarter Thermostat

In case you didn’t know, your heating and cooling system takes up almost forty-five percent of your total electricity consumption every month. So, if you can reduce at least some of your thermostats consumption, you will see a huge difference in your total bill.

Depending on your local weather, you may need to run your heater or cooler throughout the day. Though this is almost half of your total electricity consumption, that doesn’t mean you need to give up your comfort to reduce the bill. All you need to do is to make the job a bit easier for the thermostat. Control your urge to set the temperature too high or too low. For instance, put on a few extra layers of clothes to stay warm instead of setting the temperature too high on the thermostat.

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If you don’t want to take up the work to adjust the temperature from time to time continually, look into getting a programmable thermostat. With these thermostats, you can program the temperature for each time of the day. This way, you won’t need to change it frequently, but it will run in just the required temperature all the time.

2. Use Solar Power

As mentioned before, if you want to reduce your energy bills, that doesn’t mean you need to sacrifice your comfort. A great way to reduce your energy consumption is not to use it all the time. You don’t need to use electricity all the time when you are getting unlimited solar energy every day.

Solar energy is also known as green energy. Using solar energy is an emerging trend worldwide. Solar panels are installed on the roof, and these panels then convert sun rays into solar energy. It is a pretty simple process, but it can work wonders for you. The best part is they are not overly expensive to install – but the energy savings are significant.

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You might be thinking that the sun will provide energy only during day time. How are we going to run our utilities at night? The answer is pretty simple. You can get solar battery storage. These storage cells store the excess energy that you don’t need in the daytime and let you use it at night. This way, be it day or night, you can get everything done using solar energy.

3. Use Ceiling Fans

If you live in a warm climate, most of your electricity consumption is used by your air cooler. Although new technologies are coming every day, and you can get energy-efficient air conditioners now, but they still consume a lot of energy. While you can’t get rid of your air cooler completely, you can sometimes use a ceiling fan to create an airflow that cools the room down.

A ceiling fan is a great cost-efficient option. These fans pull out hot air and circulate cold air. It may not give you the same effect as an air cooler, but it will surely make your room a bit more comfortable as it circulates cold air. But the best thing is a ceiling fan takes up a fraction of the electricity that air cooler consumes. So, even if you don’t use it all the time, you can alternate between the ceiling fan and the cooler.

There are a few hacks that can help you stay comfortable even with the ceiling fan. For instance, try keeping the windows and doors which are facing the east covered. This will minimize the heat that comes from the sun.

4. Minimize the electricity your laundry takes

Washing your laundry with hot water takes up a lot of energy. The heater has to work a lot to provide this much hot water to your washing machine. Try using cold water to wash your clothes. You would be surprised how using cold water can reduce almost half of your laundry cost.

The key here is to use appliances. So if you are using your washing machine, try using it as little as possible – save the laundry loads and do them all at once during off-peak hours. So if you are using your washing machine to dry your clothes, you need to reconsider that. Drying clothes is a chore that can easily be done without using any energy. Line drying laundry is an easy way that takes no electricity. It may take longer, but it is free.

5. Reduce Phantom Drainage

If you haven’t heard of phantom drainage before, you are in for a bit of a ‘shocker’! It is also known as standby power. You may think that it is unnecessary to remove the plug when you are not using the appliances. They are turned off after all. But the truth is, your devices consume electricity even when they are not in use.

According to a study, appliances consume almost fifty percent of the total energy when they are actually not used. So, this energy is going nowhere, and you are the one paying for it. Not only is it a loss of our valuable energy and degrading our environment, but it is also a waste of money. So always make sure to remove the plug when you are not using an appliance.

To Sum Up

Reducing your electricity bill is not something that can be done in a day. It’s a day to day practice. Following these simple tips will lower your electricity bill remarkably. But these are not the only things you can do.

There are many small things you can do to get better results. For instance, try to install energy-efficient appliances. They take up a lot less energy than regular ones. You should also be mindful of wasting energy by keeping lights or coolers on when they are not required.

5 Money-Saving Upgrades To Make Your Home Energy-Efficient

Did you know the average American household spends about $2,000 annually for utilities? What’s more, $200 to $400 is money wasted due to drafts, air leakage, and outdated HVAC systems. That’s a lot of money, right? You can save that money by making energy efficient upgrades to your home.

Let’s take a look at these money-saving upgrades, shall we?

1. Insulation

A very cost effective way to save on energy is by adding more insulation in the attic, or switching out the typical blanket insulation for either cellulose loose-fill insulation or spray foam insulation. The spray foam insulation is the most effective type of insulation for energy efficiency.

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With that in mind, installing spray foam insulation requires professional installation and it can range anywhere from $1 to $1.50 per square foot.

2. Energy efficient appliances and HVAC system

Older appliances tend to use a of energy and are nowhere near as energy efficient as newer models. Look for appliances and electronics that are ENERGY STAR approved products. By replacing the refrigerator, washer and dryer and even the ranges, you can save 15% on how much energy your home uses.

The same with heating and cooling. When you upgrade your HVAC system, you can save up to 20% to 50% on your energy bills – providing you make some of the other upgrades on this list.

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3. Programmable thermostat

It seems like everything is a smart device doesn’t it? Smart thermostats are an excellent way to reduce the amount of heating and cooling is used, especially when you’re not home. In the winter, you can decrease the temperature when you’re not at home and increase it to a comfortable temperature about 30 minutes before you get home, and vice versa.

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If you don’t want to go the smart thermostat route, there are programmable thermostats where you can change the settings so the temperature is where it’s set to at the desired time.

4. Eliminating air leaks

One of the biggest culprits of wasted energy is air leakages. A whopping 40% of a home’s heating or cooling is lost due to drafty doors and windows and ill-fitted air ducts. You can prevent this by upgrading your doors and windows to high energy options. Not only are the new doors and windows themselves energy efficient, but the new seals will prevent air leakage.

If you cannot afford new windows or doors, you can always use exterior-grade caulking and new weatherstripping to seal up cracks or gaps you may find.

5. Install ceiling fans

Ceiling fans are a great way to add a bit of style to a room, but they can also help circulate the air, regardless of the season. Most fans have a switch that allows you to change the direction the fan moves. In the summer, it should rotate counterclockwise to push the cooler air down, therefore making the air feel cooler than it actually is. In the winter, it should rotate clockwise to pull the cool air upward and push the warm air downward.

Keeping your home’s energy costs as low as possible isn’t just smart as a homeowner, it’s also a good way to increase the value of your home. And, according to HomeLight’s Q2 2020 survey, we are in a seller’s market! 60% of agents who participated in the survey said there were 60% more bidding wars in June 2020 and the market doesn’t seem to be slowing.

That means if you’re looking to sell, these energy efficient upgrades are a great way to pique a buyer’s interest – maybe even more than one!