When asked how Americans view the current inflation in the United States, 70% stated that it was a big problem. With the cost of electricity more than doubling from 2021 at just over 6% to 2022 at over 14%, it’s no wonder Americans are expressing concern.
Due to these high numbers, individuals are looking for solutions and innovative ways to save on their electric bills, implementing small changes that can add up over time for significant savings.
1. Seal Your Home
One of the best ways to ensure that you save money on your electric bill is by maintaining your indoor temperature. The air you pay to be heated and cooled for your home should not escape through any cracks.
Where do these cracks come from? Most air escapes through weak portions in your home’s envelope, or the outer walls of your home. The weak points tend to be at the doors, windows, and seams. Make sure you have energy-efficient windows and well-sealed doors to help ensure that minimal air is escaping.
2. Check Your HVAC System
One of the best ways to help save one on your electric bill is to ensure your HVAC system is operating at full capacity. This means that you should have an annual tune-up on your machines to ensure they are not damaged or in need of repairs. Not only will this help to save you money throughout the year with a well-operating machine, but it will also help to prolong the life of your machine for many years as it is better maintained and has less stress placed upon it.
3. Adjust Your Thermostat
Everyone has a temperature they prefer, but in order to help shave some money off your bottom line, you can adjust the thermostat. Turn the heater down a little during those winter months and the AC up during the summer months. Your body can acclimate to the temperature change better than you realize.
Of course, there are other options to consider during those colder months that can help decrease your electric bill. By installing a wood stove, you can heat the heart of your home without having to resort to turning on your whole HVAC unit to heat the less utilized rooms. You can dramatically reduce your bottom line by only heating the rooms you need.
4. Unplug the Extras
Individuals often don’t realize that all of the extras they have plugged in throughout the day and night are draining energy. From TVs, computers, modems, and little electronic devices that don’t always need to be plugged in, making a habit of routinely unplugging these extras at night has the ability to save you thousands of dollars every year.
5. Utilize Off-Peak Hours
Many electric companies specify on-peak and off-peak hours. This means there is a higher drain on the electrical grid during on-peak hours. In an effort to help limit this drain, electric companies offer incentives to use off-peak hours by charging less during that time. If you are able to coordinate your cooking and washing with these off-peak hours, you will be charged less money.
Conclusion
By incorporating these five tips into your routine and life, you can dramatically reduce your electric bill. These reductions, while seemingly small, can add up over time. While inflation is expected to continue to rise, the changes you begin to make now can help lessen the strain on your pocketbook.