6 Smart Ways to Lower Your Electric Bill
If you dread opening up your electric bill these days, you’re not alone. Between inflation, bitterly cold weather, the war in Ukraine, and other factors, energy prices are surging — and homeowners and renters are starting to feel it in their wallets.
Most, if not all, of these recommendations have the added benefit of making your home more energy efficient, which means you’ll be lowering your environmental impact while also saving money. A win-win!
Turn on Your Ceiling Fans
Most ceiling fans have a small switch that changes the direction of the fan blades. In the winter, spend a few seconds fiddling with the ceiling fans in your house so the blades rotate clockwise, suggests Kelly Moye, a real estate agent in Colorado. This simple tweak will help make each room feel warmer, thus saving your furnace or heater from having to work as hard.
“Heat rises and when the ceiling fans go clockwise, they push the heat down instead of letting it settle up into the ceiling,” she says.
Change Your Furnace Filter
You can help your furnace run more efficiently — which will save you money in the long run — by changing the filter regularly, says Moye. You can find lots of YouTube videos showing you exactly how to do this, and you can typically find filters at home improvement stores starting at around $10 apiece.
“It needs to be changed every month in the winter,” she says. “When there is proper airflow through the furnace, it doesn’t have to work as hard to heat the house. Most people forget that they need to be changed as often as they do.”
Change Your Furnace Filter
You can help your furnace run more efficiently — which will save you money in the long run — by changing the filter regularly, says Moye. You can find lots of YouTube videos showing you exactly how to do this, and you can typically find filters at home improvement stores starting at around $10 apiece.
“It needs to be changed every month in the winter,” she says. “When there is proper airflow through the furnace, it doesn’t have to work as hard to heat the house. Most people forget that they need to be changed as often as they do.”
“Installing a smart thermostat can save you a lot of money and also make your home more comfortable,” he says. “These are perfect for people who are away from home for long periods of time.”
Get an Efficiency Audit
Do some research online and look for local energy companies or sustainability nonprofits that offer free or cheap energy audits, suggests Dj Olhausen, a real estate agent in San Diego. When you schedule one, a trained professional will come to your house and evaluate its energy efficiency from top to bottom, paying special attention to insulation, air leaks, appliances, windows, and other elements.
The U.S. Department of Energy also offers tips for running a DIY energy audit on your own house, which is totally free.
“Double-check if windows are air sealed to avoid wasting air conditioning or heat,” suggests real estate agent Augusto Bittencourt.
Use Smaller, Localized Heating and Cooling Systems
Running the air conditioner or heater to adjust the temperature throughout your home can get expensive. If you spend a lot of time in one room — say, a home office — consider investing in a portable air conditioner unit or a space heater to help keep that room comfortable.
“These are great ways to control the climate of an individual room, rather than wasting electricity on a whole house,” says Olhausen.
Consider Solar Panels and Other Big Upgrades
If you can afford it, consider investing in solar panels, energy-efficient appliances, newer windows, upgraded siding, and other pieces of your home’s infrastructure, suggests real estate broker Mihal Gartenberg.
“Homeowners must consider the cost/benefit before embarking on such updates,” she says.
Spending money now should pay off later if you eventually sell your house. You can also sometimes find rebates or tax credits for these types of updates, with a little digging. Also keep in mind that the new federal infrastructure bill, signed into law by President Joe Biden in August, includes lots of money for home upgrades, so keep an eye out for more details in the near future.
Even if big changes like these aren’t in the budget, you can still make smaller, more affordable swaps. Bittencourt recommends swapping in LED bulbs, which you can change out one lamp at a time if you need to.
And real estate agent Marie Bromberg recommends adding solar-powered lights to the garden and stashing solar power banks around your house to recharge your laptop. There are also lots of other solar-powered gadgets and devices, too.
If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.
