10 Ways to Save Money on Your Electricity Bill This Summer - EFI (2024)

10 Ways to Save Money on Your Electricity Bill This Summer - EFI (1) Energy Federation Incorporation 10 Ways to Save Money on Your Electricity Bill This Summer - EFI (2)

With summer quickly approaching, so are higher electric bills. As you likely know, our energy consumption during the summer is higher than in any other season. This is largely in part to our use of air conditioning and other high-energy use appliances in warmer weather. So, what we’ve done is compiled a list of ten ways to save you money on your electric bill this summer.

1. LED Light Bulbs

LEDs are a no-brainer. The chart below is an easy way to visualize the comparison between traditionalincandescentbulbsand LEDs.

LEDsrequireonly13.3%oftheenergy ittakes to poweran incandescentbulbto create the same amount oflight.Now you might be wondering how, andit comes down tohow efficient LEDs are at creating lumens.On average,LEDscreate between 37–120 lumens/watt,whereasincandescentonly creates 10.This means thatLEDsare between 370-1,200% more efficientat creating lumens than the traditional bulb.Theirlifespan isalso12.5 - 20x that of an incandescent light bulb.There really is no reason to be still usingincandescent.A great set of bulbs to look into are TCP's Globe Bulbs. They’re ENERGY STAR certified products, 90% more efficient thanincandescent, and they last for between 15,000 - 25,000 hours of light.

Here’s a link: TCP 5W Bulb

2. Smart Thermostats

10 Ways to Save Money on Your Electricity Bill This Summer - EFI (4)

Heating and coolingareresponsible for 48% of energy use in our homes, and if you aren’t using a smart thermostat, you’re leaving savings on the table. Traditional thermostats require manual adjustments, and programmable thermostats heat your home between specific programmed periods. Now,Smart thermostats are optimized to learn your heating and cooling patterns to program themselves for both maximum comfort and maximum efficiency. They also can save you up to 10% on your heating systems, and 15% on your cooling systems. Smart thermostats use motion sensors,Geo-Tracking, andmonitor thetemperatureoutsideto maximize efficiency for your system. So, when you’re not home, andthe system doesn’t need to be on, it’s not.A great thermostat that will get you right on track is the Google Nest

Here’s a link:Google Nest

3. Smart Power Strips

10 Ways to Save Money on Your Electricity Bill This Summer - EFI (5)

An article published by Business Insider states that each month, Americans waste 283 kWh of energy.Totalingabout3.4 MWh and $475 wasted each year (based on the U.S average of $0.1319 /kWh). Smart power strips are a step in the right direction of cutting down on wasted energy.Smart power strips give you the ability to only distribute power to the slots that are in use. This means thatthe slots that aren’t in use are going to be turned off, unlike traditional power strips that Power every slot regardless of their use.With certainsmart power strips, you alsohave the ability to link themtogether. For example, if you have a device system, like television with speakers,you can set up your power strip to cut off the power to connected devices. So, for example, if you have a television connected with surround sound or other devices on the same power strip, once you turn off the television, all of the connected outletson thepower stripwill no longer be pulling energy.

Here’s a link:TrickleStar 7-Outlet

4. Turning Off Lights You're Not Using

10 Ways to Save Money on Your Electricity Bill This Summer - EFI (6)

Turning off the lights in your house may seem like a basic way to save energy, but it really works. This also relates to using LEDs.The longer you leave an inefficient light bulb on, the more that you’re going toexponentially losefor its inefficiency.Whereas ifyou turn the lights off,you’re obviously not paying for the wasted energy.

In theaverageAmericanhome, there are about67 lights, andfor every hour that your lights arein use, itcosts about$.012. If we multiply that by the average amount of lights in an hour, that's about $.80/hour, $20 a day, and $7,043 per year. Although you’re obviously going to be usingevery single light in your house at all times,you can see how turning your lights off when you’re not using them can add up tosignificantsavings over time.

5. Keep AC Units Unobstructed and Clean

10 Ways to Save Money on Your Electricity Bill This Summer - EFI (7)

Heating and ventilation unitsare meant to be in open, and clear spaceswhere they have some room to breathe.When obstructed, the system isn't able to efficiently distributeair, leading toinconsistencies in temperature throughout the house. For example, acommonobstruction we've seen is furniture in front of an indoor vent. When there's furniture in front of a vent, all of the hot and cool air is pumped directly into the piece of furniture that is likely acting as a heat sink for the vent it's blocking.In turn,making youturn up or down your system to combat these inefficiencies. Costing you more money.Here’sanarticlethat talksmoreabout howyourheating and ventilation systems should be operated.

Another very important part of making sure your AC unit is running efficiently is keeping it clean. As you can imagine, the outdoor unit of your AC system intakes all sorts of dust, dirt, and debris throughout the year. This clogs the finsinside the unit and makes it harder for air intake. In turn, making it less efficient. This is why it is important to take some time every year to clean your unit. You can either do it yourself by buying the supplies from your local home improvement retailer or hire a professional to do it. Either way, it is going to save you money throughout the summer if your AC unit is clean and able to operate with maximum efficiency.

Link: Common Air Duct Obstructions

6. Use Blinds for Heat Control

All year, sunlight passes through our windows and generates solar heat. Although this can be helpful during the winter, it can be a burden in the summer.A standard double-pane window allows nearly three-quarters of the sun’s heat to enter yourhome. As you can imagine, thisincreasesyourhousehold temperature andresults inan increased need for AC.Now,Itmay seem like a simple solution, but keeping your blinds shut can really lower the amount of solar heat transmitted through your windows. An article by Consumer Reportquotes the Department of Energy and saysthat“…smart management of window coverings can reduce heat gain by up to 77 percent.”I’ve linked the Consumer Reports Article Below

Link to article: Consumer reports article

7. Energy Star Products

ENERGY STAR appliances can save you a lot of money, especially if you are using older, outdated products. ENERGY STAR certified products deliver 10-50% savings when switching from traditional appliances.If we take a second to think about how anAppliancecan save so much, it really makes sense.Let’s use the example ofincandescent light bulbs.90% of their energy is used to heat the bulb, and 10% oftheirenergy is used to generate light.Traditional appliances and products were not made to be energy efficient, and as technology has advanced over the years, so has the level of efficiency for most home appliances and energy products.

10 Ways to Save Money on Your Electricity Bill This Summer - EFI (9)

For a product to be certified as an ENERGY STAR product, it has to meet these specifications:

  1. Product categories must contribute significant energy savings nationwide.

  1. Certified products must deliver the features and performance demanded by consumers, in addition to increased energy efficiency.

  1. If the certified product costs more than a conventional, less-efficient counterpart, purchasers will recover their investment in increased energy efficiency through utility bill savings, within a reasonable period of time.

  1. Energy efficiency can be achieved through broadly available, non-proprietary technologies offered by more than one manufacturer.

  1. Product energy consumption and performance can be measured and verified with testing.

  1. Labeling would effectively differentiate products and be visible to purchasers.

List via:energystar.gov

By purchasing ENERGY STAR products, you’re not only saving yourself money on your energy bill,butyou’re supportinga program that is run by theEPA and the Department of Energy. Both of which are programs that are focused on bringing us to a sustainable future of energygeneration and use.

8. Natural Ventilation

10 Ways to Save Money on Your Electricity Bill This Summer - EFI (10)

Natural ventilation is a great way to keep your house cool withoutyourair conditioner.If you’re wondering whatNatural ventilation is, it’sthe circulationofoutdoor air throughout your house.When the windows and doors inside a house are open, the air can naturally flow through the house, properly allowing cool outdoor air to circulate and cool down your house.You also get the benefit of having fresh air circulated throughout your house.

9. Unplug Devices That Aren't In Use

As we talked about a little earlier, Americans waste 283 kWh of energy each month. Totaling 3.4 MWh and $475 wasted each year.Devices that are left plugged in play a huge role in this wasted energy.When we look at energytheuseofourdevices,on average,only 25% of that energy is actually fromwhen we are using the devices.The resulting 75% ofthe energy pulled from the device is phantom power. Phantom power is theenergypulled froma device whenit's idle, or in other words, not in use.If you take a minute to think about how many devices are plugged in throughout your house,you start to realizehow inefficient it is to be powering them all the time if 75% of their energy consumption is when they’re in Idle.Simplyturning offunplugging devices in your housecansave betweenyou$100 - $200 every year.

10. Use Fans Instead of AC

10 Ways to Save Money on Your Electricity Bill This Summer - EFI (12)

Ceiling fans are incredibly efficient when compared to Air Conditioning Units. An article published by Ygrene states that it costs about $0.36/hour to operate an AC unit while it costs only $0.01/hour to operate a ceiling fan. Now, I’m not saying to turn off your AC entirely. Rather take this knowledge with you to think about using your ceiling fan more often. There will certainly be times when you need to use your AC unit during the heat, but when it comes down to saving money, your ceiling fan is 1/36 the cost of using your AC unit per hour.

Sources:

https://www.destinationlighting.com/fliptheswitch/led-vs-incandescent-watts-better/#:~:text=A%2060%2Dwatt%20incandescent%20bulb,the%20same%20 amount%20of%20light.
https://www.youtube.com/watch?v=Cqbom6BUoSQ
https://learn.pjm.com/three-priorities/keeping-the-lights-on/how-energy-use-varies
https://www.stouchlighting.com/blog/light-comparison-led-lighting-vs-incandescent-lighting
https://www.youtube.com/watch?v=5WfG13DcIwg
https://www.businessinsider.com/us-wasted-food-water-energy-per-person-2016-3
https://www.electricchoice.com/electricity-prices-by-state/#:~:text=The%20average%20electricity%20rate%20is,is%2013.31%20cents%20per%20kWh.
https://www.fortnightly.com/fortnightly/2015/12-0/how-many-lights-home-energy-dept-counted#:~:text=While%20the%20average%20for%20all,as%20a%20multi%2Dfamily%20home.
https://sciencing.com/turning-off-lights-save-energy-2384.html
https://sciencing.com/turning-off-lights-save-energy-2384.html
https://marmottenergies.com/much-sun-heat-house/
ENERGY STARPost
https://www.energystar.gov/products/how-product-earns-energy-star-label
https://blog.directenergy.com/should-you-unplug-appliances-when-not-in-use/
https://www.takecontrolandsave.coop/welcome-to-our-blog/posts/2020/october/phantom-energy-load/#:~:text=The%20U.S.%20Department%20of%20Energy,the%20products%20are%20turned%20off.
https://ygrene.com/blog/property-improvements/energy-saving-ceiling-fans-fact-or-fiction#:~:text=Let's%20do%20the%20math.,combined%20with%20an%20air%20conditioner.

10 Ways to Save Money on Your Electricity Bill This Summer - EFI (2024)
Top Articles
Latest Posts
Article information

Author: Kareem Mueller DO

Last Updated:

Views: 5757

Rating: 4.6 / 5 (66 voted)

Reviews: 89% of readers found this page helpful

Author information

Name: Kareem Mueller DO

Birthday: 1997-01-04

Address: Apt. 156 12935 Runolfsdottir Mission, Greenfort, MN 74384-6749

Phone: +16704982844747

Job: Corporate Administration Planner

Hobby: Mountain biking, Jewelry making, Stone skipping, Lacemaking, Knife making, Scrapbooking, Letterboxing

Introduction: My name is Kareem Mueller DO, I am a vivacious, super, thoughtful, excited, handsome, beautiful, combative person who loves writing and wants to share my knowledge and understanding with you.