How to Save Money on Electricity – Six Easy Tips

October 28, 2011

How to Save Money on Electricity

Looking at the electric bill at the end of the month can be quite a shock, particularly during seasons of extreme temperatures.  Luckily, if you follow these tips on how to save money on electricity, you can significantly cut that bill. Plus, by saving energy you will reduce your impact on the environment.

Turn off those lights!

Image credit: lemasney, Flickr.com

Tip #1 – Turn off the lights

It’s very easy to forget to turn off the lights, but remembering to do so can create big energy savings in the long run. If you are in a room that does not get much traffic such as the kitchen or bathroom be sure to turn off the lights whenever you leave the room. It may take some time to get used to doing this, but after awhile it will become second nature. If you are still having trouble remembering, consider installing lighting occupancy sensors. Worried that turning on and off the lights too quickly wastes electricity and wears out light bulbs? The MythBusters buststed that myth!

 Tip #2 – Check the energy savings settings on your computer and monitor

Using screen savers help save energy, right? Actually, not at all. It is much better to have your monitor automatically turn off after a certain period of time (I have mine set for 10 minutes).

You can save even more energy by letting your computer hibernate when it is inactive. Hibernation mode uses up virtually no energy and you do not have to go through the entire start-up process again. EnergyStar estimates that you can save up to $350 dollars over the life of your computer (4 years) by smartly managing the power settings on your computer.

Tip #3 – Make your dryer more efficient

When you move your clothes from the washer into the dryer, most people simply bunch them up together in a wet lump and toss those clothes into the dryer. However, if you untangle your clothes and separate them before you throw them in the dryer, they will be dried more efficiently and you will save money on electricity.

Tip #4 – Off-peak hours

Contact your electric company and see if they have off-peak hours. During off-peak hours, the cost of electricity is reduced. Electricity is generally less expensive late at night, early in the morning and on weekends, so it is cheaper to run the dishwasher and washing machines during these times. How much you will save will vary depending on your location, but here in Oregon off-peak rates are 66% less than of on-peak rates.

Every degree counts!

Image credit: Mick Wright, Flickr.com

Tips #5 – Check that thermostat 

Even a one degree change makes a big difference. Turning the thermostat down (or up during the summer) when you are out of the house will help you save money on electricity without sacrificing comfort. By following EnergyStar guidelines you can save $180 annually on your heating and cooling costs.

We hope you found these tips on how to save money on electricity helpful. You can realize big savings just by making small changes to your daily routine and habits. Are there any other methods that you use to save money on electricity?

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