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How Do I Lower My Electricity Bills Now?

How Do I Lower My Electricity Bills Now?

electricity bill

Are you paying too much on electric bills? Do you wish you could lower them by 20-30 percent?

Along with your mortgage payment or monthly rent, the electricity bill is just another major expense. According to data from Numbeo, the basic electricity bill for an apartment (considering it has heating, cooling, water, garbage systems) in a city like New York City is approximately $128.43. Imagine lowering the bill by 20-30 percent? You could easily save about $468 a year.

How Much Can I Save by Using an Advanced Power Strip to Minimize Vampire Power, Phantom Load, Ghost Load or Leaking Electricity?

You will be surprised to learn that the electrical appliances you use in your home can leak a tiny amount of power each day. When you add up all the appliances in your home, the total leakage can be substantial. This leakage is known as vampire power, phantom load, ghost load, or vampire load. This is where an advanced power strip comes into play.

According to a government website, using an advanced power strip can save you more than $100 per year by reducing electrical waste when electrical appliances are idle (connected to a powered-up socket but not in use).

It is not possible to un-plug all the frequently used devices like computers, game consoles, smartphone chargers, etc. An advanced power strip is designed to obstruct the devices from drawing power when plugged but not in use.

Here Are Some Other Ways to Lower Your Electricity Bills 

1) Insulate and air seal your house

An average HVAC consumes 3000 to 5000 watts of power each day. The consumption is usually doubled in the summer season. By insulating and air sealing your home, you can reduce your HVAC’s energy consumption by more than 30 percent.

2) Use a window unit instead of an HVAC

If you live in a region with warm and humid weather all year round, you could save a lot of money by replacing your HVAC with a window unit. Window units are inexpensive and you don’t have to worry about their installation cost. Moreover, apart from consuming less energy, it also doesn’t need much maintenance.

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3) Replace all incandescent bulbs with LED bulbs

LED bulbs use 75 percent less energy than a filament-based bulb. Imagine the money you would save if every incandescent bulb in your home used 75 percent less energy starting today? In addition to taking care of your wallet, LED bulbs also last longer and give a better quality light.

4) Ditch the dishwasher

I understand that a dishwasher can save you a few hours each day by doing the dirty dishes for you. But here is how much it is costing you. I calculated the cost per month when an average dishwasher is used for an hour a day. An average dishwasher uses 1800 watts. When used for an hour each day, the monthly cost turns out to be $5.48 and the yearly cost is $65.71.

Conclusion

These are just some ways you can lower the electricity bills for your home by 20-30 percent. Lowering the electricity bill is not as difficult as you think. Although, you may have to initially invest a bit of money in getting the tools that can help you do so. 

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