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5 Clever Ways to Lower Your Utility Bills

Do your utility bills often cost more than you expect? The good news is there are many ways that savvy homeowners can reduce their bills. Here are five clever ways you can lower your utility bills and reduce your household expenses.

Lower the Thermostat on Your Water Heater

shower head

Water heaters are generally set to 140 degrees, but you can save money by lowering the thermostat on your water heater to 120 degrees. It will still be warm enough to take a hot shower and to discourage bacterial growth but will use much less energy. You can easily adjust the thermostat yourself, which can save you $30 or more per year on your energy bills. 

Keep Your Closet Doors Closed

Believe it or not, closing your closet doors can lower your energy bills. By keeping the doors shut, you reduce the amount of square footage you’re heating and cooling. It’s also a good idea to shutter any exterior closets to keep them well-insulated. Your clothes might need a few minutes to reach room temperature, though this shouldn’t be too much of a hardship. This is an extremely simple solution that costs next to nothing.

Update Your Heating and Cooling Systems

Updating your HVAC system to a more efficient model might seem like a major investment, but it will save a lot of money on your energy bills. In fact, energy efficient heating and cooling systems can reduce your utility bills by 20 percent, or $200 a year. 

A high-efficiency furnace typically costs around $3,500, but keep in mind it will help you save money for many years to come. You may also qualify for state and federal tax credits and rebates from your utility company. In addition, upgrading your HVAC system will keep you and your family more comfortable in any kind of weather.

Buy a Smart Strip for Your Electronics

3 electronics on a table and showing why a power strip can lower utility bills

Did you know that your electronics continue to burn energy even after you turn them off? Still, there’s no need to unplug your electronics whenever you aren’t using them. Instead, invest in a smart strip surge protector, which inhibits the power supply to your electronics when they are turned off. It returns the power supply when you turn your devices back on. These surge protectors can save you up to $240 per year in energy costs.

Make the Most of Your Programmable Thermostat

You can also adjust the settings on your programmable thermostat to save money. During the summer, set the air conditioning to 85 degrees when you are out, and lower it to 78 when the family is home. In the winter, keep the temperature set to 68 degrees when you are at home and lower it to 58 degrees when you are away. By taking these simple steps, you can save around $173 per year.

These are just some of the ways savvy homeowners can save money on utility bills. Through a combination of upgrading appliances and finding simple ways to use less energy, you can considerably lower your energy bills and save money in the long run.