How do I Save Money on Electricity?

Erin J. Hill

You can save money on electricity by simply using less of it during your day to day routine. There are a variety of ways to do this, such as using more energy-efficient appliances and light bulbs, as well as turning things off when you leave the room. Newer technologies are also available which may cut down on how much you spend per month. These can include wind energy and solar panels.

A programmable thermostat can reduce energy consumption.
A programmable thermostat can reduce energy consumption.

The easiest way to save money on electricity is to stop using as much power as possible. There are plenty of simple things you can do to accomplish this, such as using lower wattage light bulbs or fluorescent bulbs. You can also ensure that doors are closed immediately after going in or out, ensuring that you have proper insulation on windows and in the walls and attic, and keeping your thermostat set lower in the winter and higher in the summer so that your heat and air conditioner runs less.

Changing out traditional light bulbs for energy efficient ones can help save money on electricity.
Changing out traditional light bulbs for energy efficient ones can help save money on electricity.

There are also newer energy-efficient appliances which may help you save money on electricity. These are designed to use less energy than more conventional varieties. Common appliances which use a lot of energy on a daily basis include refrigerators, water heaters, washers, dryers, and ranges.

CFLs use less energy than incandescent light bulbs, helping to save money.
CFLs use less energy than incandescent light bulbs, helping to save money.

Other technologies can also help you save money on electricity if you decide to use them. For instance, installing solar panels on your home will allow you to use the sun’s energy for part of your electrical needs. This means less of your energy will be coming from the power company, thus translating into smaller bills each month. Personal wind generators are also available, although they are not as widely used.

Using solar power is one way to save money on an electric bill.
Using solar power is one way to save money on an electric bill.

Aside from simply using the appliances you have less often, many energy-saving methods require a payment up front. For example, buying energy-efficient appliances or bulbs generally costs more in the short-term than purchasing more conventional items. The extra cost is usually offset in lowered energy costs over time.

Front-loading washers are more energy efficient than top loading models.
Front-loading washers are more energy efficient than top loading models.

Even unplugging smaller appliances and devices can help you save money on electricity if you are diligent. For instance, turn off or unplug your TV and computer when you are not using them. You can also take shorter baths or showers and only run the dishwasher when you have a full load. Not only will this save you money on power because your water heater won’t have to work as much, you will also save on water.

Setting the thermostat to a cooler temperature during the winter and fall and to a higher temperature in the summer, especially when no one is home, can save energy.
Setting the thermostat to a cooler temperature during the winter and fall and to a higher temperature in the summer, especially when no one is home, can save energy.
A simple way to cut home energy costs is to turn out lights in rooms when they are empty.
A simple way to cut home energy costs is to turn out lights in rooms when they are empty.
Energy efficient refrigerators keep cool air in as long as possible and cool the air more efficiently.
Energy efficient refrigerators keep cool air in as long as possible and cool the air more efficiently.

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