How to Save Money on Your Energy Bills

A lot of people are increasingly looking for ways to shave a few dollars off their energy bills.

How to Save Money on Your Energy Bills

Although there isn’t one method alone that will have a dramatic impact, when you start combining a number of smaller methods it can really add up! In addition, if you’re saving energy in your home, you’ll also be doing your bit to help with climate change which is an added bonus. 

Switch Energy Suppliers

This tip is the easiest to do so everyone should be checking that they are getting the best deal with their energy suppliers. If you are paying for different fuels with different suppliers, it may be cheaper to combine your bills and choose one supplier for both gas and electricity if your home uses both. There are a number of websites you can use to compare different deals to find the cheapest one. 

Be Smart About Lighting 

LED light bulbs can save you a lot of money on your energy bill, especially if you use them throughout your home. Typically, they are slightly more expensive to purchase but they have a much longer lifetime than other regular halogen or incandescent bulbs. It is estimated that a regular American household could save around $8.33 per month on their electricity bill by switching to LED bulbs.  

Another way to be smart about lighting is by setting timers and schedules for your lighting to come on and switch off. You can now purchase Wi-Fi-enabled bulbs that can be set on a timer and controlled by your smartphone. 

Insulate Your House 

Properly insulating your home is one trick that is likely to have the biggest impact on your energy bills. According to The Department of Energy there are a number of different areas that you need to consider when doing an audit of your home insulation. Some of these areas include: 

  • Unfinished attic spaces
  • Attic hatch doors
  • Duct systems
  • Exterior walls
  • Basements
  • Crawl spaces

There are a number of insulation types on the market such as foam board, concrete block and blanket rolls which are all used in different areas of your home. Here’s a handy list of insulation types to help to work out which type is best used where. 

Reduce Your Thermostat Temperature by 1°

In some cases, turning down your thermostat by just 1° could reduce energy bills by $50-$60 per year. It's unlikely you will notice this change in temperature although if you do it is more likely to be in the winter. If you find it’s too cold, you can always wear an extra layer of clothing around the house to keep warm. Although the saving doesn’t seem like a lot, when combined with others on this list it all starts to add up to a significant saving on your yearly bills. 

Take Note of Your Water Usage

It can be easy to lose track of just how much water is consumed in your home, especially if you have children. Turning off the tap when you brush your teeth, collecting rain water to water the plants and taking a bath rather than a shower are all ways you can save water in day-to-day life.

The average American household uses 300 gallons of water per day. It might be useful to compare this figure against your next bill to see if you use more or less than the average. Amazingly 12% of this water usage is on leaks. Fixing leaks is another great way to reduce your water usage and save money on your bills. 

Get Your Air Conditioning Unit Serviced 

Optimizing the performance of any of your large household electricals will ultimately help to improve their performance. It's easy to find an find an air conditioning repair service that will be able to come to your home and service your unit. Typically, a service might include looking at the condenser coils, filters and evaporator fans. They will also check for any leaks which could be causing performance issues and costing you money. Keeping your unit running smoothly will save you money in the long run. 

Wash Your Clothes on a Lower Setting

Similar to turning down your thermostat, washing your clothing on a lower setting will help to save you money. The washer won’t have to heat the water to a higher temperature, therefore the amount of energy used per load will be less. 

Another top tip that can be used for both laundry machines and dishwashers is to put them on just before you go to bed or to put them on a timer. Some energy companies offer cheaper rates at off-peak times, usually after 8pm, so it’s worth giving your supplier a call to find out if they offer this and what their off-peak times are. 

Saving on your energy can seem a daunting task, especially if you don’t know where to start and you rely on energy every day. However, simple, smart, money-saving changes can make a big difference over time. A few savvy solutions can see you transform your attitude to how you use energy in the future, and all for the better. 

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