How to Save Money on Monthly Utilities

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Whether you just purchased a new home among Colorado Springs real estate or in any city; or you’ve lived in your house for many years; minimizing your utility bills can help significantly when it comes to your household budget.

According to CreditDonkey, utilities cost the average family $2,200 every year or $22,000 over 10 years. Fortunately, there are ways to help reduce that cost so you can use that money elsewhere.

old fashioned electric meter

Photo by Thomas Kelley on Unsplash

Use a Greener Heating Source

Heating and cooling can make energy bills skyrocket. When it comes to heating, in areas of the country subject to extreme cold, the can be almost crippling. Look for alternative, green sources and you can save big. Passive solar heating for example, takes advantage of the sun’s free heat, something that’s constant and renewable. You can use various non-intensive measures such as shading south-facing windows with an overhang or deciduous trees that allows sun in during the wintertime and keeps it out in the summer.

There are other ways to reduce the cost of heating, such as installing a smart thermostat, using blankets and sweaters instead of instantly turning up the temperature and covering any bare floors with throw rugs. You should also block all drafts using weather-stripping, or a rolled-up towel or small blanket.

Limit the Use of Hot Water

Hot water is typically the second-biggest expense when it comes to energy bills. By cutting back your usage it can make a significant difference in lowering your total bill. There are many ways you can do that, such as taking shorter showers, replacing your showerhead with one that’s more efficient (if it’s labeled with WaterSense it was certified to meet efficiency standards set by the EPA), using cold water for washing clothes and lowering the temperature of your water heater. Typically, water heaters are set at 140 degrees Fahrenheit, – lower it by 20 degrees and you’re likely to save as much as 10 percent on the costs of heating your water.

Invest in Eco-Friendly Appliances 

Investing in green, eco-friendly appliances is likely to save you big in the long run. If you can’t afford to replace all your appliances, do so one at a time if they’re over 10 years old. Look for models with the “Energy Star” logo – these energy-efficient models use 10 to 50 percent less water and energy than the standard model.

Switch Out Your Lightbulbs

If your home isn’t taking advantage of compact fluorescent bulbs, it’s time to switch them out. It’s one of the best, and the cheapest, ways to lower your energy bill. They use two-thirds less energy and the bulbs last 10 times longer. Experts say that if every home in the country did this, the total spent on lighting would be reduced by half.

Ask for an Audit

Call your utility company and ask if they offer home energy audits. Many do, and sometimes they don’t cost a thing. It’s a great way to identify addition ways to reduce the among of energy you use.

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