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Save on Energy

By Debt.ca on January 21, 2020 No Comments

If you’re like most homeowners, the most expensive utility bill is your energy bill. Many homeowners just accept their electricity bill for what it is, but there are simple ways to save on your energy bill. That’s right; by getting creative you keep more of your hard-earned money in your pockets instead of handing it over to the distribution company.

Let’s take a look at simple ways to save on energy costs.

Limit TV & Video Game Times

Depending on the size and model of your TV, it could be using between 80 and 400 watts of electricity. However, if you limit your TV or video game time, you can help lower your electricity costs substantially.

Likewise, most TVs and video game consoles use something called “phantom energy.” Phantom energy is the energy your electronics use when they’re plugged in and not in use. Phantom energy could be adding up to 10 per cent extra to your energy bill. Yikes! You can lower your energy bill by unplugging these devices when they’re not in use or buying a power bar and turning it off.

Reduce Water Pressure to Save on Water

Although not related to your energy bill, you can save on your water bill by reducing the water pressure in your home if you feel the pressure is too high.

Meal Prep

Instead of preparing meals every single day, you can save time and money by cooking several meals at a time in batches. By doing this, you can reduce your power use throughout the week by avoiding turning on your oven or range during times when energy rates are at their highest. Making a zero-based budget can help assign every dollar you own to an expense or savings account.

Hang Up Your Laundry to Dry Instead of Using the Dryer

Is it a nice sunny day outside? Instead of throwing your laundry in the dryer, why not buy a clothesline and hang it up outside instead? Better yet, if you’d rather not hang your clothes up in your backyard, you can always hang up your clothes indoors. This is a good backup plan when it’s raining outside. It’s also a great alternative when electricity demand increases over the summer or winter months.

Turn off Appliances and Lights When not in Use

If your parents are anything like mine, they constantly remind you that it’s a sin to leave the lights turned on when you’re not in a room. Help save the planet and save money on your energy bill by turning off lights when not in use. Instead of having a security light that stays on all night, install a sensor one.

You might also consider replacing all the light bulbs in your home with high-efficiency alternatives. Many municipalities offer free energy-efficient upgrades and programs where you may receive coupons and cash incentives to make the switch. Be sure to check the programs offered before spending your hard-earned money on light bulbs.

Also, be sure to turn off appliances when not in use. An appliance that people commonly leave on is the computer. There’s nothing wrong with leaving it on if you’ll be back in 10 minutes, but if you’re going to take a break for at least an hour, it’s a good idea to turn it off.

Use Smart Devices

If you’re like most people, you probably already have a programmable thermostat. But have you ever considered installing a smart thermostat? A smart thermostat is a thermostat you can use in conjunction with home automation. It’s one of the best energy-efficient products you can get. A smart thermostat essentially regulates the heating and cooling of your home on its own. It can even regulate the temperature in individual rooms.

If you’re a fan of smart devices, you might also consider picking up a smart plug. You can pick up a smart plug to control from a phone or set on a timer. With a smart plug, you can remotely turn on and off any device that’s plugged into a standard wall socket. You could use it for anything from a lamp to your computer. The choice is yours!

Get the Right Amount of Insulation Installed

Instead of complaining that your home is drafty inside, why not do something about it? Hire a company to install better insulation and watch your home energy bill plummet.

If you’re handy, you can save money on installation by doing the work yourself.

Research Solar Panels and Incentives

Solar panels are a great way to save on energy, but they can be quite costly to purchase and install. Luckily, sometimes the government offers retrofit programs to help share the cost and decrease your financial burden. Do your research on solar panels and see if it’s worth it.

Apply for Energy-saving Grants

Depending on where you live, the government might offer energy savings grants or energy conservation programs. Before you undertake any energy-efficiency projects, see if you can get any money back from the government.

Speaking of which, a small business owner can write off energy costs associated with their home business activities.

Wear More Clothes at Home Instead of Turning up the Heat

Instead of complaining that it’s cold inside the house and turning up the heat, wear an extra layer of clothing or two. That way you’ll be warm as toast and save on your energy bill, too.

Play Games & Do Activities that do not Require Electricity

Instead of watching TV or playing video games, consider playing games or partaking in activities that don’t require electricity. Examples include colouring, reading, and doing puzzles.

Final Thoughts

You don’t have to try all these energy-saving ideas. By picking and choosing two or three that are best suited to you, the savings can really add up over time. Not only will you be helping the environment, but you’ll also have more money in your pockets, too!

Learn more about our saving money with our other budgeting tips.

 

Debt.ca

Admin


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