How To Save $1,000 Off Your Annual Energy Bill

Rising electricity costs can be hard on your bank account, but by combining several cost-savings strategies you can save $1,000* on your home energy bill each year.  For the biggest savings consider these ways to reduce heating and cooling costs without sacrificing comfort:
 

¨   Add new insulation to your attic.  It’s especially smart if your house is more than 25 years old.  Sometimes the state will subsidize professionally installed insulation and other energy-efficiency improvements.  Check with your gas and electric companies to see what subsidies are available and how to qualify.

COST:  About $750 for an 800 square-foot attic to do it yourself,
or $1,500 if you hire a professional

SAVINGS:  $600 per year

 

¨   Seal air leaks around the house.  Weather strip your windows and doors by filling gaps and cracks with caulking, and use plastic window-insulation kits on older windows.  Also, seal gaps from plumbing lines, recessed lighting, and crawl spaces.

COST:  Tube of caulk is $3 to $6 (save by buying multi-packs),
and a window-insulation kit is $10 to $20

SAVINGS:  $350 per year

 

¨  Upgrade to a programmable thermostat, which automatically adjusts your home’s temperature settings.  You can buy a Wi-Fi model ($100 to $200) with more features that lets you remotely control it by using an app.   
COST:  $25 to $50(Check for rebates with your utility provider)

SAVINGS: $180 per year

 

¨     Wash clothes in cold water.  Heating water is the single largest expense to run a load of laundry.  Also, hot water shrinks and fades your clothes and should be used only when there are major stains.

COST:  Free

SAVINGS:  $130 to $300 per year on water heating costs, depending on the size of your family.

 

¨     Unplug electronics when not in use.  Energy “vampires” include TVs, computers, video game consoles, phone chargers (basically anything that “glows”) and account for 5 to 10 percent of household electricity costs even when they’re turned off.   Save money by unplugging them, shutting them down, or attaching them to a single power strip than can be turned off.

COST:  Free or $10 to $40 for a power strip/surge protector

SAVINGS:  $100 per year

 

¨     Replace incandescent light bulbs with compact fluorescent bulbs (CFLs).  While they cost a bit more, CFLs use 75 percent less energy and last at least 6 times longer than standard incandescent light bulbs.
COST:  $5 to $15 each (save by buying multi-packs)

SAVINGS:  $75 per year in electricity by replacing your five most frequently used bulbs.  Savings potential increases since the average home has 30 light fixtures.

 

* All products are available at a home improvement store or online.  Savings vary depending on home size, climate, electricity rates, etc. and are based on an average annual energy bill of $2,200.

Provided by Justin Donaton