How to Save Money on Your Electric Bill All Year Round

Saving money on your electric bill is as simple as identifying which aspects of your household's energy usage are costing you the most. Thanks to a simple formula, you can figure out how many kWh you're using and look for ways to cut back on your usage.

Energy audits

One of the best ways to save money on your electric bill is to get an energy audit. A professional energy auditor will examine your home and perform a series of tests to find energy-saving opportunities. After the audit is complete, you can start making changes to lower your bill and put the extra money you save into your budget. Many electric companies and municipalities offer these audits for free.

Another way to save money on your electric bill is to switch rate plans. This is the easiest and cheapest way to lower your bill. The heating and cooling systems in your home consume the most energy. By reducing the amount of electricity they use, you can save up to $75 a year on your electric bill.

LED light bulbs

LED light bulbs use a semiconductor to convert electricity into light. They were developed in the early 2000s with help from the Department of Energy, but it took 10 years for the bulbs to become widely available. Early LED bulbs were expensive, had a short lifespan, and flickered.

LED bulbs can save you money on your electric bill year after year. These energy-efficient bulbs are also safer than traditional light bulbs. They last up to 25 times longer than traditional light bulbs, which means you can save a significant amount of money.

Outlet timers

If you'd like to save money on your electric bill, consider using an outlet timer to schedule your home lighting. This little device will reduce your consumption during off-peak hours and keep your home safe from robbers. Several types of timers are available, and it's important to choose one that is suitable for your home.

You can use outlet timers on most electrical appliances, from appliances to lights. Cable boxes, for example, use a lot of electricity and are often left on overnight. By setting a timer, you'll be able to save money on energy while still using a cable.

Smart metering

Smart metering is an electronic device that helps utilities keep track of how much electricity each of their customers is using. These devices measure electricity consumption with a high level of accuracy. They also contain self-diagnostic technology. This feature can detect faulty meters that might result in accidental overfilling. When this happens, the MID will automatically credit the customer's account. In addition, if a meter is misread, the customer can request that the utility read it again for free.

Smart meters also allow for time-of-use pricing, which rewards you for using electricity during off-peak times. This is especially useful for people who are away from home for long periods. These meters can save you as much as seven percent of your bill, which equals $140 on an average $2,000 yearly bill.