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Maxion Research > Personal Finance > Benefits & Savings > Stop Burning Cash: Learn How to Lower Your Electricity Bill
Benefits & Savings

Stop Burning Cash: Learn How to Lower Your Electricity Bill

Leslie Turner
Last updated: 2024/02/14 at 4:18 PM
Leslie Turner
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6 Min Read
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Ever felt like your electricity bill was auditioning for a horror movie role? You know, those moments when you open the envelope and the figure on the bill makes your heart skip a beat. Well, it’s time to turn that horror story into a comedy. Start laughing in the face of those monstrous bills and show them who’s boss. 

Contents
The Thermostat TangoThe Cold Wash RevolutionThe Power Strip StrategyThe LED Lightbulb SwitchThe Ceiling Fan FandangoThe Curtain CallThe Peak Hour PloyThe Water Heater HackThe Clean SweepThe Weatherization WonderFrom Horror Story to Comedy

The Thermostat Tango

Let’s start with the thermostat, the little device that controls the temperature of your home. Did you know that for every degree over 68 in cold weather, your heating cost increases by 3%? It’s like a greedy little monster, gobbling up your cash. So, set your thermostat to 68 degrees when you’re home, and lower it by around 10 degrees when you’re out or sleeping. This simple move can save you $83 a year. Now that’s a hot deal!

The Cold Wash Revolution

Next up, your washing machine. It turns out, 90% of the energy used by your washing machine goes toward heating the water. So, why not stage a cold wash revolution? Washing your clothes with cold water can save you up to $200 a year on your electric bill. That’s a cool saving, right?

The Power Strip Strategy

Here’s a shocking fact: electronics consume a lot of energy, even when they’re turned off or done charging. It’s like they’re little energy vampires, sucking up power when you’re not looking. The solution? Use power strips for your electronics and unplug them when not in use. It’s a simple strategy, but it can make a big difference.

The LED Lightbulb Switch

Turning off lights in your home is an easy way to save electricity. But what about when the lights are on? Studies show that installing LED lightbulbs can save you up to $100 a year on your utility bill. Plus, they last longer than incandescent or halogen bulbs. So, make the switch to LED lightbulbs and watch the savings light up your life.

The Ceiling Fan Fandango

Ceiling fans aren’t just for keeping cool in the summer. They can also keep you warm in the colder months! By reversing your fan to spin clockwise, the fan pushes warm air down, making you more comfortable in the winter. This can save you up to 15% on your electric bill. So, do the ceiling fan fandango and save!

The Curtain Call

A home loses about 30% of its heat through its windows. To solve this, install curtains or window shades and keep them closed at night to help with insulation. During the day, turn down the thermostat and open the curtains to allow the sun to naturally heat the room. It’s like giving your windows a curtain call to save energy.

The Peak Hour Ploy

Many utility companies offer lower electricity rates during the day or late at night. Take advantage of these off-hours by running large appliances like your washing machine or dishwasher at these times. It’s a clever ploy that can save you a bundle.

The Water Heater Hack

Most water heaters come preset at 140 degrees. But the Department of Energy recommends that you lower it to 120 degrees. This can save you up to 10% on your electric bill. It’s a simple hack, but it can make a big difference.

The Clean Sweep

Heating systems are less energy efficient and have to work harder when they’re dirty. If you have baseboard heaters, keep the surface and coils free of dust. If you have central heating, wipe out the vents and make sure they’re open. It’s a clean sweep that can save you energy and money.

The Weatherization Wonder

Many local organizations offer weatherization and energy conservation programs to help make your home more energy efficient and reduce your electric bill. These programs will teach you how to seal your windows and doors to avoid cold-air leaks, DIY insulation tips, and furnace and water heater upkeep. Some organizations also provide in-home weatherization services for seniors and people with disabilities. It’s a weatherization wonder that can help you save big.

From Horror Story to Comedy

So there you have it. Simple steps to turn your electricity bill horror story into a comedy of savings. By implementing these straightforward strategies, you can transform your budgetary woes into a lighthearted tale of financial success. Say goodbye to the days of dreading your monthly bill and hello to the joy of watching your savings grow. 

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