Electricity Bill Savings
August 28, 2024

Electricity Bill Savings Strategies to Lower Your Rates

Each month, tens of thousands of households get their power bills and are forced to face the reality of rising costs. Electricity is in higher demand than ever before, but there are ways to cut expenses without sacrificing comfort. From simple lifestyle changes to specialized services, here are a few steps you can take to save money on electricity.

Electricity Bill Savings

Comparison Shopping

If you’re in a part of Texas with energy deregulation laws, knowing your electricity rates can help you save. Homeowners in these areas can shop for electricity providers among the dozens of plans and companies available. There are over 130 providers in Texas, and we can help you find a plan that meets your needs and fits your family’s budget.

Installing Efficient Appliances

Today’s appliances come with Energy Star ratings that indicate their efficiency. When replacing appliances or starting from scratch, look for rated options, as they use less power. While efficient appliances come at a significant upfront cost, the savings you’ll see every month will make the investment worthwhile.

Unplugging Unused Devices

Even if turned off, devices like chargers, computers, and TVs can draw power. Known as phantom load, the phenomenon leads to higher utility bills—but it’s easy to save. By unplugging devices when not in use, you’ll save a little money every month. It may not seem like much, but it adds up quickly.

Using LED Lighting

Conventional light bulbs have short lifespans and use more energy, but better options are available. LED bulbs, while a bit costlier at first, use about 90% less energy and last 25 times longer than incandescent bulbs. The switch to LEDs is an easy one that will cut your monthly electric bill.

Relying on Natural Light

While switching to LED bulbs will bring significant savings, using natural light takes things one step further. Instead of turning on the lights in the daytime, open blinds and curtains to let the sun in. Not only will you reduce electricity spending, but you’ll make the home warmer and more welcoming.

Installing a Smart Thermostat

Today’s smart thermostats learn your usage patterns and change temperatures accordingly. By only cooling and heating the home when necessary, smart thermostats reduce energy use. Install a smart thermostat—your wallet will thank you!

Checking Insulation

Heat loss in winter and heat gain in summer will significantly increase your power bill. When attics, basements, and walls are adequately insulated, homes maintain a consistent indoor temperature because HVAC systems don’t work overtime. By checking your home’s insulation and upgrading it when needed, you’ll protect your finances and your air conditioner.

Sealing Doors and Windows

Drafty doors and windows let the conditioned air escape, decreasing HVAC system efficiency and increasing utility bills. By sealing openings with caulk or weatherstripping, you will reduce energy consumption and save money each month.

Turning Down the Water Heater

Most home water heaters are set to a default temperature of 140 degrees Fahrenheit. While the default setting works for many, lowering it a little will reduce energy usage without affecting the hot water supply.

Save Energy and Save Money

Saving money on your power bill doesn’t require significant overhauls or life-altering sacrifices. Small changes, when implemented consistently, will lead to sizable savings. Every bit of power saved is good for your wallet and the planet, and we’re here to help. Visit us online to find the right energy plan for your family.

Capsule wardrobe ebook