Would you like more disposable income? One of the easiest ways to put more money in your wallet is by reducing your current monthly expenses. One of the best areas for improvement is your utility bill. With a few simple changes, you can save lots of money. Here are four ways you’re wasting money on utilities.
Image via Flickr by Sean MacEntee
The wattage of your lights directly determines how much energy you need for power. The newest iteration of lightbulbs is much more energy-efficient. In fact, a standard 60-watt bulb uses 6 kilowatt hours (kWh) for every hundred hours of usage. Multiply that total by the number of lights that you use regularly in your home — that’s how much energy you’re expending on lights.
Now consider that energy-efficient lightbulbs use 85 percent less wattage. When you replace all the lightbulbs in your home with ones that don’t waste energy, you’ll dramatically reduce the cost of lighting your house.
Vampire Energy Loss
You may not realize it, but you spend a key portion of your energy bill on powerless appliances. Many devices require power even after you’ve unplugged them. Utility companies describe this process as vampire energy loss, and it’s costing you a lot of money.
How serious is the problem? Your standby devices use power 24 hours a day. In other words, when you turn the power off, they’re still increasing your utility bill. To stop this problem, you should buy smart power strips. They won’t provide power to devices in standby mode. You’ll save much more on your energy bill than you’ll pay to buy the power strips.
Your HVAC unit is the cause of a lot of your energy expenses. You’re obviously okay with this, because you want to stay cool in the summer and warm in the winter. Still, you don’t want your device to run needlessly. Your current thermostat is problematic. It operates when the temperature setting indicates that it should, whether you’re home or not. That’s why the Google Nest Thermostat and similar learning thermostats are rising in popularity.
A learning thermostat such as the Nest will deduce the moments when you need your HVAC unit operating. More important, it’ll identify those times when you’re not home or when you would be comfortable without HVAC activation. Google estimates that the Nest will save so much on your utility bill that it’ll pay for itself within two years. For a homeowner, everything after that is found money. You’ll also be more efficient, reducing the need for repair on your unit.
When you provide heat and air to your home, you run the risk of wasting a lot of energy. That happens when the windows and vents of your home have gaps. Due to the poor fits, drafts occur. These holes allow conditioned and heated air to leak outside. You’re now paying extra on your heating bills. Fortunately, an easy solution exists. Simply use weather-stripping and insulation to plug all the gaps in your home.
Yes, you’re wasting money on your energy bill. But as you can see, plenty of actionable steps are available that will solve the problem. Simply follow these suggestions to save money!