Stretch Your Dollar: 5 Tips for How to Save Money on Your Electric Bill

Save Money on Your Electric Bill

Did you know that the average American spends around $120 on electricity each month?

If you have a bigger home or higher energy needs, then your electric bill could be much higher.

Are you tired of shelling out tons of cash to power your home? Keep reading to learn 5 simple tips on how to save money on your electric bill.

1. Adjust Your Thermostat

Not many people want to imagine touching their thermostat in the thick of summer, but turning the temperature up even one degree can cut your electric bill significantly. Fans use a lot less energy, so try to keep your house at a neutral temperature and crank up the fan in whichever room you’re using.

You can also buy a smart thermostat that only heats or cools your home when you’re inside.

2. Use Smart Power Strips

Do you know how much electricity is being wasted by appliances that are left plugged in when you’re not using them? Instead of going around your house unplugging things all the time, you can take advantage of smart power strips that you can control from your phone. With the tap of a button, you’ll be able to save tons of power.

3. Make the Switch to LED Lightbulbs

Nobody likes fussing with changing lightbulbs, which is why everyone should swap out their old lightbulbs for LEDs. Not only do LED lightbulbs have a much longer lifespan, but they’re also designed to use the least amount of energy possible while still delivering great brightness. It may not seem like much, but this simple switch can take a nice whack at your electric bill.

4. Do Your Laundry Smarter

While it makes sense that people would want to get the deepest clean by washing their clothes with hot water, the truth is this strategy isn’t necessary for normal laundry. Lots of detergents are formulated to be potent with cold water, which means you don’t have to waste energy heating up the water.

It also helps if you can hang your laundry up to dry whenever you can so you don’t have to run the dryer for hours each week.

5. Invest in Solar Power

Although upgrading to solar power is a big expense upfront, this investment will always be worth your money. Most traditional solar panels have a lifespan of at least 25 years, which means you can enjoy energy independence for a long time once you pay off your initial costs.

Since the government offers tax credits and there are plenty of competitive loan options, green energy can be accessible to all.

Now You Can Say Goodbye to a High Electric Bill

If you’ve been frustrated with your electric bill, the good news is that there are plenty of ways you can gain more control. By following these tips, you’ll be amazed by how even the smallest changes can lead to big savings.

Do you want to know other ways you can turn your house into your dream living space? Take some time to click around our blog so you can find lots of helpful guides.

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