How to Save Money on Electric Bills (2024)

Saving money can be difficult so you want to cut costs wherever possible to increase your savings. Lowering your electric bill can save a few dollars each month which adds up to extra money in your pocket. But how can we cut our electric bill without making major sacrifices or investing extra money to see some savings? Check out these 10 ways on how to lower your electric bills. They are simple things that everyone can do to save more money each month.

[bctt tweet="Find out how to lower your electric bill without making major sacrifices #savemoney"]

Heat, Air Conditioning or a combination of both will usually take up the majority of the cost of your electric bill. So, making some simple changes in this area can ensure that you are getting the most for your money and not spending extra money for nothing. You can also print out the free checklist to help you lower your electric bill.

{Related: Save money on your heating bills}

1. If you are wearing a sweater in your house in August because it is freezing in there, turn the thermostat up a few degrees and take off that sweater. On that note, if it is Winter and it is extremely warm in your home and you are walking around in light clothing, turn the thermostat down and put on some clothes. Makes sense, right? It will help you save money.

2. During warmer months, use appliances like the clothes dryer, dishwasher and oven in the morning or evening when it is cooler outside. Your AC will not have to work as hard to keep your home cool than if you used them when outside temperatures are at their highest.

3. Using fans in your home will help the air to circulate properly which puts less pressure on your AC or heat. If you have a ceiling fan it should have a switch to change the direction of the fan’s rotation. If it is hot in the room, you want to push the hot air up and out of the room, so the fan should rotate in a counter-clockwise direction. If it is cold in the room you want to trap the heat in the room, so the fan should rotate clockwise. Proper air circulation means savings.

4. Use blackout curtains. They are pretty inexpensive and help to keep the heat out in the warmer months and during the colder months, saving you money all year round. Small changes can really add up over time.

Certain appliances and electronics can use a lot of energy which will end up costing a lot of money. Here are a few things that can help you save a few bucks.

5. Video game consoles, desktop computers and plasma TVs are some of the worst energy using offenders in most homes. Turning them off every time you leave the house or are not using them can be a pain but if you plug them into one power strip you can just flip one switch to turn them all off. At first it may be a chore to remember, but once you see the savings it will be worth it. I am guilty of leaving my computer on all the time because I hate waiting for it to re-boot when I need to use it. This is definitely a tip I need to work on!

6. When you wash your clothes in hot water, the machine uses a lot of energy to heat the water. Wash on a cold cycle whenever possible for extra savings.

{Related: Ways to save energy in your home}

7. Do not constantly open your oven door to check on the cooking process. If your oven door does not have a window, try to wait until closer to the end of cooking time to check on the food. Each time you open the door, while cooking, the temperature can drop up to 75 degrees and your oven needs to work extra hard each time to get the temperature back to normal. Each time the temperature drops, it costs you more money.

8. Use night lights in the bathroom, kitchen and kid’s rooms to ease their fears and light the way without the need to turn on all the lights. This uses less energy than turning the lights on when using the bathroom or getting a drink of water in the middle of the night.

9. Make sure the lint trap in your clothes dryer is clean before each use and do not overfill the dryer. A clean lint trap and proper size load allows air to flow and dry your clothes faster and more efficiently.

It seems like every time you turn around, prices are going up. Bills are increasing and the cost of living is higher and higher. We need to find ways to cut costs and build our savings. These 10 ways on how to lower your electric bills are simple things that anyone can implement into their day to day lives to save some extra money each month.

How to Save Money on Electric Bills (2024)

FAQs

How to Save Money on Electric Bills? ›

Turn Down Your Thermostat.

It's one of the most effective ways to cut your energy usage. You can save as much as 3% for each degree that you turn your thermostat down during the winter.

What is the most efficient way to save electricity? ›

Turn Down Your Thermostat.

It's one of the most effective ways to cut your energy usage. You can save as much as 3% for each degree that you turn your thermostat down during the winter.

What runs your electric bill up the most? ›

Which home appliances use the most electricity?
  1. Heating and cooling: 45-50% The largest electricity consumer in the average household is your heating and cooling appliance. ...
  2. Water heater: 12% ...
  3. Lighting: 9-12% ...
  4. Refrigerator: 8% ...
  5. Washer and dryer: 5% ...
  6. Electric oven: 3% ...
  7. Dishwasher: 2% ...
  8. TV and cable box: 2%
Dec 20, 2022

What is the quickest and easiest way to save money on energy bills? ›

Shut down devices you're not using. Curbing energy waste from devices that may appear to be switched off but are still using electricity (aka “energy vampires”) is another simple way to lower your electric bills. To make it easier to turn off all devices at once, consider an advanced power strip.

What is the best electricity saving device? ›

Below are general categories of popular energy-efficient products to help reduce your electric bill and build a smarter, greener home.
  • Efficient light bulbs. ...
  • Advanced power strips (APS) ...
  • Smart switches. ...
  • Low-flow faucets and shower heads. ...
  • Smart thermostats. ...
  • Energy monitors. ...
  • Electric vehicles and chargers. ...
  • Solar energy systems.
Dec 6, 2023

Does unplugging appliances save electricity? ›

When your devices are plugged in but not in use, they consume electricity, known as the phantom effect. As a result, unplugging those devices can save electricity. Do not worry about unplugging every gadget; simply plug what you can into a power strip so you can unplug less.

Does TV use a lot of electricity? ›

The average TV uses around 620,000 watt-hours annually. This average is a helpful jumping-off point to understand how TV wattage compares to other appliances. Let's compare! Based on these averages, TVs fall somewhere in the middle in terms of household appliance energy consumption.

Do ceiling fans use a lot of electricity? ›

An average ceiling fan consumes approximately 75 watts of electricity. This may vary according to the brand, size of the fan, and several other factors.

What uses more electricity, TV or lights? ›

So, the clear winner here is the lightbulb…at least until you multiply that by how many lights you have in your house. Plus, if you still use incandescent bulbs (switch to LEDs ASAP if you do), 2-3 will use more electricity than most TVs over the course of the year.

What bills can I reduce? ›

How to save on water, gas and electricity
  • Choose paperless billing.
  • Pay by direct debit.
  • Use a smart meter.
  • If you've got older appliances, upgrading to more energy efficient ones could save you money in the long term.
  • Shower instead of having a bath.
  • Wash at lower temperatures and use eco cycles to cut your water bill.
Dec 12, 2023

How to decrease electricity usage? ›

Select an energy-efficient heating system that doesn't use electricity. Electric water heating -- Purchase an Energy Star heat pump water heater and operate it efficiently. Reduce your “always-on” appliances. If your home has a smart meter and you can see your hourly consumption, then examine your consumption at 3AM.

How can I save electricity overnight? ›

Turn Off Non-Essential Appliances At Night

Remember, you pay for all the electricity you use at night, so being careful with consumption can save plenty of dollars. If you don't need to run something during the evening, don't. Wait until daylight when your solar panels can give you all the free power you need.

What is dirty electricity? ›

Dirty electricity, also called electrical pollution, is high-frequency voltage transients riding along the 50 or 60 Hz electricity provided by the electric utilities. It is generated by arcing, by sparking and by any device that interrupts current flow, especially switching power supplies.

Does the electricity saving box really work? ›

The fact is, there is nothing that you can plug in that will reduce your electricity usage and lower your household power bill. The problem with these scams is that they often rely on a grain of truth, which is why they come across as believable.

Do power saver devices really work? ›

Unfortunately, not all power-saving devices work, although all of them claim they do. Which one will give your actual savings on your electricity bill depends on the type of power saver device you choose and how you use it. For example, some energy-saving devices work by employing power factor correction.

What is the cheapest way to save electricity? ›

Low-cost tips
  • Install energy-saving showerheads, faucets or flow restrictors.
  • Use dimmer switches or timers on your lights.
  • Replace compact fluorescent bulbs with LED bulbs that give the same amount and quality of light, yet use one-quarter the amount of energy and last 10 times longer.

What is currently the cheapest way to generate electricity? ›

Ranking the Cheapest Sources of Electricity

According to Lazard's 2023 analysis of unsubsidized LCOE in the U.S., both onshore wind and utility-scale solar photovoltaic (PV) technologies are more cost-effective than combined cycle natural gas power plants. In the case of onshore wind, this has been true since 2015.

What is the cheapest way of electricity? ›

The world's best solar power schemes now offer the “cheapest… electricity in history” with the technology cheaper than coal and gas in most major countries. That is according to the International Energy Agency's World Energy Outlook 2020.

Do energy saving devices really work? ›

They often claim you can reduce or even eliminate your power bill by plugging in their devices around your home. The fact is, there is nothing that you can plug in that will reduce your electricity usage and lower your household power bill.

Top Articles
Latest Posts
Article information

Author: Arline Emard IV

Last Updated:

Views: 5805

Rating: 4.1 / 5 (52 voted)

Reviews: 91% of readers found this page helpful

Author information

Name: Arline Emard IV

Birthday: 1996-07-10

Address: 8912 Hintz Shore, West Louie, AZ 69363-0747

Phone: +13454700762376

Job: Administration Technician

Hobby: Paintball, Horseback riding, Cycling, Running, Macrame, Playing musical instruments, Soapmaking

Introduction: My name is Arline Emard IV, I am a cheerful, gorgeous, colorful, joyous, excited, super, inquisitive person who loves writing and wants to share my knowledge and understanding with you.