Use these six ways to cut down your energy costs, and put money back into your pocket!
Energy bills such as electric, natural gas, and propane eat into almost 25% of your disposable income. That’s a big chunk of change. To be honest, I’d rather hang keep every cent possible in my own wallet.
So read on to see how to cut down on your energy costs.
1. PROGRAMMABLE THERMOSTAT
Replace your old thermostat with a programmable thermostat and you will start to save money on your heating and cooling bills immediately.
An old style thermostat keeps your house a pre-set temperature all around the clock. You probably spend 9-11 hours a day away from your home. Carpooling the kids, commuting to work, working, and then commuting home takes up the better part of your day, 5 days a week.
So why keep your home a constant temperature? Invest less than $100 for a programmable thermostat. You will be able to drop your heat to a cool temperature so that your heat doesn’t run as often while you are away. Then, program the heat to kick it back up to a cozy temperature about an hour before you return. You will come home to a warm home. And you saved a few dollars too!
SAVINGS = 20-30% monthly
2. WEATHERPROOF OLDER WINDOWS
I live in a home built in 1965. Unfortunately, it still has the original single pane windows. To say they are inefficient is an understatement.
Until we can save the money to replace them, we winterize them every winter.
If you have a storm window, close it. Go around to the exterior and inspect the frame for any noticeable gaps that may need to be caulked. Cut and insert self-adhesive metal v-strips to block any air from seeping in through the sash.
While this is a time-consuming annual autumn task, we have found it to work really well. We are crossing our fingers that we’ll have money saved to replace them next spring!
SAVINGS = 8-10% per month
3. PURCHASE A SMART STRIP SURGE PROTECTOR
Surge protector meets energy savings with the new smart strips. These power strips power off your devices when not in use.
Take a look at your cable tv box. Take notice when you cut off your television, you will see that there are still lights on at the cable or satellite box. You are still consuming energy, albeit smaller amounts, even while you are not enjoying watching the television.
A smart strip completely powers down all those extra devices. They are a low-cost investment and save money and protect your devices.
SAVINGS = $5 monthly
4. REPLACE YOUR LIGHT BULBS WITH LED
Some people are holding on to a stash of incandescent lightbulbs. Most who prefer them purchase them only because they cost a less money. If you are still clinging to a stash of older, inefficient light bulbs, let ‘em go! Toss them out and replace them with energy efficient LED or CFL lightbulbs.
Not only do LED and CFL bulbs use less energy, they last for about 15 years. So the money you invest will also save you the aggravation of frequently replacing bulbs.
SAVINGS = $1.25 monthly
5. BEEF UP YOUR INSULATION
Beef up the insulation in your attic to stop wasting energy. The warmer air rises in your home, so your attic is a place of interest when you are trying to conserve energy.
You can inspect your attic yourself. Go to your attic, and look down to the floor joists. If the insulation is lower than the floor joists, or if the insulation has a wavy look to it, it probably needs to be replaced.
In addition to saving money on energy, replacing your insulation will extend the life of your home’s gutters and roof. Now that sounds like money well spent!
SAVINGS = $300-$500 annually
6. REPLACE YOUR HOT WATER TANK
Replace your hot water tank with a tankless water heater. You will save money!
First, you will save money on your energy bill by not wasting energy heating water in the tank. Hot water tanks run on and off throughout the day, keeping water heated to a designated temperature. Since you are likely gone much of the day, you waste energy.
On the other hand, tankless water heaters fire up when you are ready for the hot water, eliminating the need to run the heater 24/7. Tankless water heaters are for sure a good addition to the home.
SAVINGS = 27%-47% annually
When you are considering reducing energy costs, consider trying a variety of these improvements to help achieve maximum savings.
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