10 Steps to Save $1,000+ Annually on Your Electric Bill
Let's face it. Utility bills are a pain in the you know where. We hate paying them. And most times, we feel like we are being overcharged. As a company, our goal is to provide the most efficient electrical servicing for our clients as well as spread awareness about various aspects that pertain to electricity for your home or business.
Like us, you are probably looking to save money on your electric bill.
How does saving over $1,000 annually sound? Pretty good to us! In this article, we detail 10 steps that can help you hit that number in savings.
#1 Switching to LED Bulbs
The first and most obvious place to start is to look at the light bulbs that you are using throughout your home or business. Are you still using incandescent or CFLs? If so, you are missing out on major savings.
While LED bulbs cost more to purchase, they last as much as 15x longer than incandescent and utilize power at a far more efficient rate. Curious how much you could save? Head over to the link here and use this energy savings calculator to
Total estimated savings: Up to or over $35 per bulb
#2 Installing Smart Switches
Smart switches, or as they are more commonly referred to, motion sensors, are a perfect solution to combat leaving lights on. Motion sensor activated lights are most typically used outside, however did you know that you could use them inside as well?
One of the most common areas that lights remain left on is in bedrooms. Motion sensors are a perfect solution to this since they will not activate while you move in your sleep! Smart switches can also be used with your exhaust fans in bathrooms. You can use timers on them to control when they automatically shut off.
Total estimated savings: $100 annually
#3 Utilize Power Strips
Unknown to most, electronics still consume a vast amount of power even when they are turned off! Amazingly, the Department of Energy has found that 75% of power consumed by home electronics occurs when they are turned off. Even when turned off, your electronics are drawing power. Depending on numerous factors, this could be costing your upwards of $100 a year!
Your solution to this problem? Power strips.
Power strips are the most straightforward solution, given that you can easily hit the off switch when not using them. Otherwise, to achieve the same result, you would need to individually unplug each device. That doesn't sound like much fun to us, so we recommend going the power strip route.
Total estimated savings: $100 annually
#4 Purchasing Energy Star Appliances
Products that showcase an Energy Star label have undergone and passed strict testing guidelines for energy efficiency. Energy Star claims that their appliances can cut energy costs by as much as 30%.
The average household in the United States spends around $2,000 in energy bills per year. This would result in savings of over $600!
Total estimated savings: Up to $600 annually
#5 Replacing Your Furnace Filter
Replacing the filter for your furnace not only helps it run more efficiently and therefore saves you money on your electric bill, but it also prolongs the lifespan of your furnace itself. Get into the habit of changing your filter every month of the heating season. If this filter is also used for air conditioning, we recommend changing it 12 months a year.
One last point is to make sure that the filter is facing the correct way when inserted. If this is done incorrectly, it can become clogged and actually make your furnace work harder.
Total estimated savings: Up to $60 a year
#6 Transitioning to Smart Meters
A smart meter is an instrument that your utility company installs for you. The purpose of this device is to track how much electricity your using.
Once your utility company has monitored your usage and collected the data, it can use this information to actually shut off power for major appliances in your home for short bursts of time. Typically around 15 minutes per hour.
If your household is not home during the day, you can imagine how this could be quite the cost saver. Not only can you save money on the energy reduction portion of it, but some utility companies may even pay you to enroll in their program. Check with your utility company to see what they offer.
Total estimated savings: $140 a year
#7 Cleaning Lint Out of Your Duct Work
Not only does cleaning the lint out of your duct work help save money, it also provides a safer environment for your home since lint can become a fire hazard on rare occasions. Whether your dryer is gas or electric, a clogged lint screen will drastically reduce the efficiency of the appliance.
The typical dryer utilizes about $85 of electricity yearly. A dirty lint screen can add about $25 in cost to this price according to the Consumer Energy Center.
Total estimated savings: Up to $25 a year
#8 Cleaning the Coils of Your Refrigerator
While you're in the swing of things, cleaning away, hit your refrigerator coils after your dryer. The best way to do this is to brush and vacuum the coils located at the back or bottom of your refrigerator.
Your refrigerator costs more to run than the rest of your kitchen appliances combined! By cleaning the coils once or twice annually, you can improve its efficiency by as much as 30-50%.
Total estimated savings: Up to $60 per year.
#9 Upgrading to a Water Heater Timer
A water heater timer works likely exactly how you think it would. The timer turns on the water heater only when you need to utilize it.
How does this save you money? Most are unaware that their water heater is constantly heating and reheating the water to keep it warm around the clock. The water heater timer allows for this around the clock process to halt and only be used when necessary.
The timers can be customized to fit your schedule on either a daily or weekly basis, keeping the water warm for only when you need it to be so.
Total estimated savings: $25 per year
#10 Servicing Your Air Conditioner
Servicing your air conditioner through basic maintenance such as cleaning, straightening the fins, lubricating the motor, and changing the air filter can save you up to $65 per year.
Remember the average household that spends $2,000 on their energy bill per year? Half of that amount is spent on the heating and cooling of the home. By performing basic servicing on it, you can save a nice chunk of cost.
We also recommend having a professional come in every few years to look over the electrical components. An air conditioner with malfunctioning electrical parts can end up costing you even more.
Total estimated savings: $65 annually
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