Mon–Fri, 8:30am – 5:30pm | Saturday Seasonally

Trustpilot

Sunset Finance
  • Locations
  • Loans
  • Tax Preparation
  • About Us
    • Referrals
  • Careers
    • Join the team
  • Resources
  • Blog
  • Contact Us

Tips to Reduce Your Power Bill

Share on Facebook Share on LinkedIn Share on Twitter Share on Email

As the weather changes, your household energy bills may rise. When combined with regular rate increases from the power company, bigger electricity and gas bills could put a pinch on family finances.

Woman porgramming indoor temperature with smartphone applicationThere are a few ways you can help control rising energy costs without spending a lot of extra money or compromising comfort.

Keep your equipment clean

When a furnace must push air through a dirty filter, it takes more energy to heat your home. Furnace filters are inexpensive and available at every home improvement store. If you haven’t changed yours in the past 30 days, do so now. You’ll need to know the size of the furnace filter and whether your unit has one or two filters. Changing them should be as easy as sliding the old one out and putting the new one in.

Lower your water temperature

Many households have their water heater temperature set high. If yours is above 120 degrees, lower it. You won’t experience a lack of hot water, but it will cost you less money to maintain the temperature.

Before purchasing new appliances, check for rebates

Many energy companies offer valuable rebates for households that purchase appliances. While it’s never fun to have to replace a broken refrigerator or stove, if your electric or gas company offers a rebate, it could make the process less financially painful.

Use fans year round

Hot air rises, so in the summer, use a fan to help move it out of your space. Turning on a fan in your space can help the air around you feel ten degrees cooler. Of course, fans cool people by moving air, they don’t actually cool the air. So, there’s no reason to leave them on in an empty room.

Ceiling fans often have a tiny switch on their base that changes the direction of the blades when the fan is on. This is so you can help force rising hot air down toward the floor in the winter. In the summer, fans should flow so that they help hot air rise faster.

Wash in cold water

If you have a washing machine in your apartment, it’s important to understand that 90% of the cost of running these machines has to do with heating the water. Modern detergent does an excellent job of getting clothing, linens, and towels clean in cold or lukewarm water. It’s a nice bonus that cold water causes less wear and tear on these items.

Check your energy providers’ websites to find out if there’s an after-hours or off-peak discount

Some energy companies offer discounted rates if you use gas and electricity during less-busy times. If you start your dishwasher before you go to bed instead of right before you leave the house for work in the morning, it could cost you a lot less over the course of the month.

Program your thermostat to use less energy when no one is home

Most homes and apartments now have programmable thermostats. Take a few minutes to figure out how to set the temperature in your home 5 to 10 degrees cooler during the winter months while you aren’t home. This will help reduce your energy costs without making the system work so hard to heat your home while you are gone.

Keeping your energy costs down shouldn’t be a full-time job. Even the simple act of learning how hot and cool air flows can help you make more informed decisions. The most important thing to know about energy costs is that they need to fit into your budget. If you don’t have a budget in place, now is a great time to get started.

Looking for more savings tips? Check out our helpful guide on The Basics of Saving Money.

Budgeting
By Sunset Finance
October 16, 2018

Related Posts

Beware the Inflation Phantom: Surviving the Haunting Rise in Everyday Costs
October 17, 2024
Saving or Spending in Uncertain Times
January 04, 2021
Doing Summer on a Budget
May 20, 2022
Need a Loan? Click Here!
Free Easy Tax Prep Checklist Download
  • Basics of Credit
  • Personal Loan Basics
  • Basics of Saving Money
  • Basics of Budgeting
  • Tax Return Guide
  • FAQ

Subscribe to Email Updates

Most Popular Posts

  • What Is a Live Check?
  • How Does Experian Boost Work?
  • New Tax Laws Should Save Families Money Starting January 1, 2018
  • Earned Income Tax Credit (EITC) Refund Dates
  • Recent IRS Tax Changes and Your Paycheck Withholdings

Posts by Topic

  • Back To School (7)
  • Budgeting (66)
  • Credit & Credit Score (36)
  • Debt Management (8)
  • Dependent Expenses (8)
  • Holidays (28)
  • Identity & Credit Protection (15)
  • Personal Finances (23)
  • Personal Loans (16)
  • Savings (6)
  • Taxes (45)
  • Unexpected Expenses (10)
  • Vacation Expenses (11)
see all topics
Sunset Finance

Monday – Friday
8:30am – 5:30pm
Saturday Seasonally

Georgia NMLS #2045071

SC Lenders Rights and Responsibilities
More installment loan information

Connect with us

©2021 Sunset Finance, All Rights Reserved.