How to Lower Your Electric Bill

Finance / Tuesday, October 20th, 2020

When closing on a home, many people don’t factor in the entire cost of living in it. While a house payment calculator might help you prepare for closing costs and mortgages, they might not prepare you as much for other bills like utilities. One of the biggest bills you will have in your home is your electric bill. Keeping up with your electric bill can be quite the hassle, especially if you have a strict budget and don’t have that much disposable income. So what can you do to make your electric bill slightly more manageable? Here’s how to lower your electric bill.

Install a Programmable Thermostat

One of the biggest culprits in a high energy bill is the massive amount of energy you spend on heating and cooling your home. You want your home to have a comfortable temperature, but in doing so, you are likely causing your energy bill to rise greatly. Thankfully, there are some ways that you can keep your home a comfortable temperature without having your energy bill rise too much. One of the best ways to do this is by installing a programmable thermostat. The device allows you to schedule when heat or A/C kicks in, meaning you’re never wasting energy on an empty house. For example, during the winter, you may have it programmed to be off while you’re at work and then heat the house right before you get home. Doing so allows you to keep your house at a comfortable temperature without wasting tons of energy while you’re away.

Alter Your Showers

A big part of your electric bill that you might not be aware of is the energy needed to heat water. As a result, if you can cut down on your hot water usage, you can save a lot of money on your electric bill. One of the best ways to do this is by altering your shower usage. Although many people like taking hot showers, reducing the temperature of your shower water can help you lower your electric bill. In addition, try to get in and out of the shower as fast as possible. Although you should ensure that you’re thoroughly clean and washed, you shouldn’t waste time in the shower. Taking both cooler and shorter showers lowers the need for water heating, thus lowering your electric bill by a decent amount.

Use Power Strips

Another problem area with your energy bill is phantom energy. Appliances and other electrical devices can still use up energy even while they’re off. This is known as phantom energy and can be secretly jacking up your energy bills if you aren’t watchful. One of the best ways to counteract phantom energy is to use power strips in your home. Simply plug in your chargers or appliances to a power strip, and turn the power strip off when the appliances aren’t being used. Doing so prevents phantom energy use, and can go a long way in lowering your energy bill.

Turn off Unused Lights and Appliances

Something that many people struggle with is turning off lights and appliances when they aren’t being used. It’s extremely common for people to leave the lights on when they leave the room or for the television or game console to be left on when people are done with it. Although you might think that leaving these items on isn’t that big of a deal, electricity use can really add up over time. If you really want to lower your energy bill, then you need to be more conservative in your energy use and turn things off when you’re done using them. Doing so could knock a significant portion off of your energy bill without really hurting you or changing the way you live.

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