Common Sense Ways to Save on Electricity

save on electricity Electric costs can put a damper on any household’s budget.  Current energy costs aren’t helping in the difficulties of the recession, which makes the financial end of saving energy even more pressing.  Luckily, there are plenty of simple ways to cut down the electric bill, which the following will just begin to cover.

Start Simple: Lighting

Lighting is one of the easiest ways to undermine the electric bill.  By switching a light bulb or replacing a fixture, you can realize immediate savings.

Remember this term: compact fluorescent light bulbs.  Well, to be precise, you only need to know the acronym “CFLs” when you take one of the simplest steps to improving the lighting in your home.  These light bulbs are high-quality and high-efficient alternatives to standard (incandescent) bulbs.

CFLs will last 6 to 12 times longer than your average light bulbs.  Additionally, and according to Energy Savers (from the U.S. Department of Energy), they will save you at least $30 over the lifetime of each bulb.  They have a 10-year lifespan, approximately.

LED’s (light emitting diodes) are even more energy-efficient: they last 25 times as long as ordinary light bulbs and use less energy than CFLs.

What does this mean?  Certainly you can begin to integrate CFLs in your home, but that isn’t all.  You could consider changing light fixtures – inside and outside of your home – that use CFL and LED light sources.  They can have a profound effect on the electric bill.  Combine them with timers, dimmers, and motion-activated controls and you will be on your way to greater savings!

Unplug It!

According to the Lawrence Berkeley National Laboratory, standby power for appliances that aren’t in use accounts for 5% to 10% of residential electricity use.  What do you have plugged into your outlets at this very moment?

A perfect example of this is found in computers.  Many desktops use standby power, and you are probably aware of that green (well, maybe it’s green) light on your laptop’s adaptor that is on regardless of whether it’s charging your device.  Also applicable to many other electronics and appliances, you are paying for the electricity.

While turning these items off is a good start, you can consider smart power strips.  These outlets will automate the process for you, so that you aren’t paying for the DVD player that is using standby power.  After all, you surely don’t want to unplug everything by hand that uses this – that would take quite some time in many households.

The Golden Rule

Quick: what should you look for when you buy appliances, electronics, and a number of other items?

If you aren’t aware of the Energy Star label, you should be.  These confirmed products are labeled when they are energy efficient, which means that you’ll save over the long term.  For instance, some office equipment – like desktops and notebooks – can offer at much as 90% savings in relationship to energy consumption.  Commonly, they use half the energy of standard equipment, which can translate to big things for your electric bill. It is true that replacing all your old appliances with new ones is very expensive but if you start a renewal program bit by bit in some years’ time you will eventually have modern, energy saving equipment.

The U.S. Department of Energy has compiled a booklet, with advice on saving energy. In addition, the DOE offers support for low-income persons to make green home improvements through weatherization, which can reduce your electric bill.

Have you weatherized your home? In what way do you try to save money on your electricity bill? Share them with us!

(This has been a guest post by Lisa at Home Insurance Comparison, an Australian personal finance blog that provides money-saving health insurance options and ways to optimize your spending habits.)

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Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER and FACEBOOK . Happy investing :)

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Comments

  1. We keep our heat lower in the winter and wear sweaters and slippers. It makes a real difference when you live in winter for 4-5 months. We also keep our blinds open so that the sun can shine in and warm up our house. We also make sure we have good insulation in our home and that there are no leaks. We check twice a year to see if we need to make some kind of improvement.
    Miss T @ Prairie Eco-Thrifter recently posted..5 Eco-Friendly Tips for the Workplace

    • Jon the Saver says:

      Haha, Miss T my family did that too! I remember my Mom telling me to put a coat on when it got cold. I hated it at the time but looking back, it must have saved them so much on the energy bill! I liked your tip about the blinds. I’ll have to try that out when Winter hits.

  2. We are really good about electricity in our home. Most of our lightbulbs are CFLs, and we unplug almost everything after use (we put a powerstrip for the media center so that we just need to click off on it to ‘unplug’ all of the electronics at night). In a 3100 square foot home in Houston, we see electric bills of around $150 in the summer months, and $50 during the winter! Woohoo!
    Amanda L Grossman recently posted..Frugal Confessions – Frugal Living

    • Jon the Saver says:

      I’ve been really about about CFL’s. $50/month is ridiculoiusly cheap! Houston is actually a place I would be down to move to. I’m in San Diego right now and love it here so far though.

  3. bbrian017 says:

    Jezz my mom unplugs stuff all the time when she leaves the house. I always thought she was so weird lol… but now as an adult and the cost of everything turns out she’s more smarter then I thought. But from what I’ve learned that’s how life works… your parents are crazy talking until you hit what 21 and then you realize everything they said was true haha! Enjoy your youth it flies bye ya! Ya right I said haha!
    bbrian017 recently posted..Who’s not following me? Does it matter? Hell Yeah!

  4. krantcents says:

    I save on electricity by changing to CFLs for my lihting. I keep my A/C temperature at 78 degrees during the summer which is quite long in southern California. I keep my thermostat at 68 degrees in the winter which keeps my gas usage low. In addition, I use a cold water wash to save heating water which uses gas.
    krantcents recently posted..How to Ace Lunch Interviews?

    • Jon the Saver says:

      Cold water wash is money Krant Cents. If everyone in your city did that, they’d lose so much tax revenue haha!

  5. Torben says:

    Hey Jon,
    indeed changing the bulbs unplugging and turning down the temperature by 3 degrees will make a huge difference on the utility bills. keep up the good work!

  6. Torben says:

    Hey Jon,
    indeed changing the bulbs unplugging and turning down the temperature by 3 degrees will make a huge difference on the utility bills. keep up the good work!

  7. Oliver says:

    Great tips, theres lot’s of ways people can do small things that all add up!!

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