With the rising temperatures, many people are seeking ways to save money on their utility bills. If you find your bill getting the best of you, here are a few ways to save on your utility bill.
#1 Check your temperature
According to Energy.gov, your heat and cooling system can account for almost half of your bill.
- Set your thermostat to 78 degrees in the summer months and 68 degrees in the winter.
- Consider investing in a programmable thermostat to help manage the cost off your bill.
Setting your thermostat to the suggested temperatures can significantly reduce your bill. According to Entergy, for every degree you lower the temperature below 78 degrees can increase your bill as high as 3% per degree! Just think about it. If you set your temperature to 68 degrees, your bill can increase by 30%!
Also, if you know you will be away from your home for a long time, consider turning the unit off or setting it to 85 degrees to save more.
#2 Adjust your water heater
Do not forget to check the temperature on your water heater, since it accounts for 18% of your bill. It is recommended that you set your water heater to 120 degrees to not only reduce costs but to avoid scalding your hands, according to the Department of Energy. But please be mindful that some appliances may require higher temperatures for optimal performance.
- Set your water heater temperature to 120 degrees to save more.
- Purchase a water heater jacket to save money on your utility bill.
Don’t forget purchasing a water heater jacket ensures the water heater is well insulated. In most cases, newer models may not require a water heater jacket.
#3 Appliances are key
In order to save more on your utility bill, consider using appliances with the energy star logo. These appliances have been approved as energy efficient and reduce cost over the long haul. When using appliances, also consider the following:
- Consider using your dishwasher or washer only when it is fully loaded.
- Avoid setting the temperature on your refrigerator to the lowest temperature.
- Periodically change filters to ensure they are clean and free from build up.
#4 Low cost options
Along with the suggested tips above, there are some things you can do right now to reduce the cost of your utility bill.
- Making a very inexpensive repair to a leaky faucet can help reduce your bill.
- Consider planting trees or adding plants to help cool your home.
- Purchase blinds or shades to help keep your area protected from the sun.
#5 Get FREE energy items and rebates
Lastly, no matter where you reside, there are different programs that provide incentives, energy efficient items and rebates. In New Orleans, residents can take part of the Green LIght New Orleans. This program provides free energy efficient lightbulbs and free garden beds to all citizens no matter your income level. Finally, there are also rebate programs available for those who purchase energy efficient items for their home.
Remember: your choice, your future!
Kemberley Washington is a certified public accountant, endowed professor at Dillard University and author of The Ten Commandments to a Financial Healing and other great books! Connect with her on Twitter, Facebook, or LinkedIN.