6 Ways to Save Money on Your Electric Bill

by Marcy on November 5, 2013 · 2 comments

6 Ways to Save on Your Electric Bill

6 Ways to Save Money on Your Electric Bill

The fall leaves are falling and in my neck of the woods the furnace has been on for a couple of weeks now. If you live on a fixed income or are watching your budget, you may be concerned about the coming months and your increased energy consumption. The first tip that I have is to check with your energy provider to see if they offer a budget plan. Many people incorrectly assume that this plan is only for people who have a hard time paying their bill each month, but it’s not! There are no income restrictions and anyone can sign up (if your energy company offers this service)!

The budget plan simply takes an average of your personal energy consumption and divides that amount over 12 months. That way you are paying the same set amount every  month. There is a reconciliation period at the end of the budget cycle where you’ll either pay the remaining balance OR you’ll pay less (if you overpaid at all), and then your budget amount will reset. I have used this plan for years now and I love it! It is so nice to know how much my electric bill will be each month and to not have to deal with the winter time spike!

All of that being said, I thought it might be helpful to also share 6 Ways to Save Money on Your Electric Bill:

1) Make sure that your home is completely insulated: Even if you have the best equipment money can buy, it will do you absolutely no good if your home is poorly insulated. Check your attic spaces, garage, around your foundation, basement (crawl spaces!), doors and windows. If you find that any of these areas are lacking in insulation or need to be re-sealed, head to your local hardware store to purchase sealant, insulation and other supplies. (YouTube is a great resource for finding specifics on projects like theses).

2) Use Natural Energy Sources when possible: The power of the sun can give you a huge boost in the wintertime. Simply opening up the drapes can boost the temperature in a room by several degrees. Another natural energy source is the fireplace. Burning wood in a fireplace or wood stove can make so that you don’t need to use your electricity at all. On the flip side, keeping blinds and drapes closed in the summertime can help keep your home cool and give your AC a little break.

3) Get an Energy Audit: Many energy companies are willing to help you cut your costs. If you call them and ask them to audit your home, they will often do so. Another great way to do this is to look at your energy provider’s website. Many of the electric companies have online programs that show where and how you are using the most energy. Use that information to make adjustments to your home and you could see savings on your future electricity bills.

4) Install Motion Detectors and/or Timers: If you are at your wits end when it comes to getting your kids (or spouse) to shut off the lights when they leave a room, consider installing motion detectors that turn the lights on and off when someone enters/leaves a room. If you like to light your house up like Clark Griswold during the holidays, putting your lights on a timer will also help to keep your electricity usage in check!

5) Unplug Energy Drains: Many people are totally unaware of the items in their homes that continuously run when not in use. That includes microwaves, toasters and other appliances. If you attach these items to an energy strip, you can switch them off when not in use. Granted you will not have access to the clock and other features, but you will save a ton on your energy bill! If you can’t stomach the thought of unplugging the appliances and electronics that you use regularly, make sure to unplug your cell phone and computer chargers when they aren’t in use – every little bit will help!

6) Upgrade your equipment: Using appliances and heating and cooling equipment that are Energy Star rated can make a noticeable difference in your overall electricity usage. If you are currently using older appliances and equipment that are not energy star rated, work to upgrade them one at a time. Over time, your wallet will thank you!

I hope that you found these 6 Tips to Save on Your Electric Bill useful! You can find more Frugal Living Tips here.

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{ 2 comments… read them below or add one }

1 Lin February 14, 2014 at 5:13 AM

Great ideas. Informative ideas and great source of information.

2 Laurie V. August 20, 2014 at 1:09 PM

I must admit I’d never thought of installing Motion Detectors and/or Timers (#4). Thank you for this fabulous tip

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