How to Save Money on Your Electric Bill – 11 Tips

At some point, you have probably wondered how to save money on your electric bill. Saving money often means cutting back on usage, but there are plenty of ways to save without living a minimalist lifestyle. Electricity savings translate into lower bills, but they are also great for the environment. The tips below for how to save money on your electric bill are a combination of usage habits, clever tricks and up-front investments that pay off in the long run.

an electric bill with a LED bulb and a regular bulb and a pen

1: Reduce Heat, Turn Air Down

In colder months where you would typically have the heat turned up, try turning it down a few degrees. Keeping temperatures at 70 degrees instead of 72 can make a big difference in the amount of energy used to keep your home warm. In the summer, keep the air conditioning at 75 degrees to reduce cooling costs.

These numbers should be adjusted based on where you live and your local climate. If there are times during the year where you can forgo heating and cooling, utilize open windows and ceiling fans instead. These options use less power and cost less.

2: Switch to LED Bulbs

LED bulbs are better than CFL bulbs. They use pennies per year, and they can drastically reduce your energy use and costs associated. If you have wondered how to save money on your electric bill by reducing lighting costs, LED bulbs are the secret. Technology advancements have made them cheaper to purchase from mass retailers, and they are no longer a specialty bulb that costs a fortune to invest in.

a large white economic LED bulb

3: Replace Old Appliances

Old appliances are a drain on electric costs. An old refrigerator can use double or triple the power of an energy-star certified model. It will cost more money to upgrade appliances, but you will be saving money long term.

4: Unplug Everything

This tip can be tedious to keep up with, but unplugging things that are not in use can save you money. When you listen to people talk about how to save money on your electric bill, they will often cite unplugging power strips and computers when not in use.

This may seem difficult, but you would be surprised by the amount of energy that is slowly drained by lamps, computers, and appliances that are not even turned on. Connecting cables to a power-saving strip makes it easier to implement this habit. You simply unplug the power strip instead of each individual cord.

unplugged appliances and some dollar bills and coins on a table

5: Take Shorter Showers

Cutting back on your showering and morning routine can save you a bundle. Look no further than your grooming habits to learn how to save money on your electric bill. Showers have to be heated, and water heaters are often powered by electricity.

If yours is powered by gas, you will still be saving money from one of those two bills. Forgoing usage of grooming appliances like blow dryers, flat irons, and similar gadgets also conserves and saves you money. You will even shave time off of getting ready.

6: Go to Bed Earlier

It sounds silly, but turning lights off even two hours earlier will show you that learning how to save money on your electric bill can be as easy as not using it. If you are up late frequently, you are likely using things that require electricity. Turning them off and getting into bed will help you get more sleep and save money.

a tall electric power high voltage pillar in a field

7: Switch Power Companies

People wrongfully assume that you have to stick with the power company that the majority uses. Cities typically have multiple power companies, and those companies may be cheaper. If switching is an option for you, research other companies in the area to determine how to save money on your electric bill.

8: Switch to Partial Green Energy

Speaking of power companies, many now offer wind power, solar, geothermal and other alternatives to electricity. These choices can temporarily raise your electric costs, but they will tell you how to save money on your electric bill over the course of a year or two without installing your own solar panels or wind turbines.

a green light bulb surrounded by green thick arrows symbolizing green energy

9: Install Solar Panels

If you are interested in installing your own solar panels, then you will have a higher up-front cost but lower bills over the lifetime of the panels. Green-energy installations often come with tax credits or similar incentives. Power companies sometimes pay people for the energy they use with solar panels if they produce more than they need.

some solar panels installed on a house roof

10: Keep Vents Open and Clean

Open and clean vents lead to more efficient heating and cooling. It’s a simple and effortless tip that will save you a lot of money. Making sure the filters for your heating and cooling system are replaced monthly also goes a long way in saving you money. Do not listen to the myth that says to close vents off. This just makes your system work harder and use more energy.

11: Watch Your Laundry

If you aren’t already washing most loads in cold water, switch to cold water immediately. This is a quick energy saving tip, but it doesn’t stop there. Use line drying whenever possible to reducing drying costs. Use the right balance of laundry in a load to prevent the machine from working too hard or wasting a wash load on just a few items. These little tweaks to your usage go a long way.

Putting It All Together

Whether you have a 100 percent electricity-powered home, or a combination of electric and gas, you will be saving money and energy with the tips above. Drastic changes aren’t required, but if you have outdated appliances that are not efficient, you will need to spend some money upfront to reduce your overall electric bill costs.

Remember that these tips will need to be adjusted depending on where you live. Urban or rural living can make a difference in costs as well as the options available to you, but figuring out what your home requires is easy and worth the cost savings.

Image sources: 1, 2, 3, 4, 5, 6

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