5 Tips for Reducing Energy Costs

5 Tips for Reducing Energy Costs

Mar 13, 2019, 11:19:15 PM News

If you are one of the many energy consumers who suffer from outrageously high utility bills there are changes you can make to reduce the costs. Energy conservation methods range from simple changes in personal behavior up to major home improvements and repairs. In this article we give you 5 simple tips for reducing energy costs that will save you money on your next utility bill.

Use Power Strips

Home electronics take up a lot of energy when they are in use but what some people don't know is that these electronics are also responsible for phantom loads. Put simply, this is electricity used by electronics when switched off or in standby mode and is a major source of wasted of energy. Up to 75% of the energy used to power these electronics is used when they are turned off. This problem can be solved easily by using smart power strips. These advanced power strip shut off power to electronics when not in use. Smart power strips are made effective by using timers to switch them off at a designated time and during periods of inactivity.

Reduce your Water Heating Expenses

Water has a lot to do with your energy costs. From how much you use and how often your water heater is used. Though there are many ways you can save on water in your daily life, water heating contributes significantly to your total consumption of energy. If you want to avoid the expense of purchasing an energy efficient water heater, you can try these three methods to reduce expenses associated with water heating. You can use less hot water by turning down your water heaters thermostat, insulating your water heater, or by simply using less hot water.

Change Energy Suppliers

Saving money on your utility bill can be as simple as switching providers or suppliers. A change could save you hundreds of dollars in energy costs. The first step in switching is to do some research with a quick energy comparison service. Compare the rates and prices with other suppliers and providers in your area. Take into account variable and fixed rates when doing your comparisons and research. Keep in mind that short term plans are less risky, but they do have higher rates over long term plans.

Switch to Energy Efficient Light Bulbs

Traditional light bulbs or incandescent light bulbs are commonly used in homes. Many people are not aware that these bulbs use an excessive amount of energy. There are several energy efficient bulbs that use 25-80% less energy than the incandescent competitor. Halogen incandescent bulbs, CFLs, and LEDs not only save energy, they last up to 25 times longer. People choose not to use these bulbs because they are more expensive but do not take into account the fact that energy efficient bulbs last longer and use less energy which actually makes them more cost effective in the long run.

Weatherize Your Home

Our final tip for reducing energy costs is weatherizing. Sealing air leaks around your home is a cheap and effective way to save on energy costs. Windows, doors and vents are common sources of air leaks and are relatively easy to seal. Weather stripping and caulking are simple air sealing techniques that typically yield investment returns in less than a year.

Published by Amelie Lawrence

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