Financial Resource Center

Money Management


The Heat Is On: Reduce Your Electric Bill

by Brandon Kappel / August 15th, 2016


 

During the summer months, electricity bills can skyrocket. Combat the rise in prices without having to suffer from the heat. Turn these strategies into habits to maximize your energy and cost savings.

Appliances

Some devices can drain power even when they’re not on. Unplug devices not in use, especially those that are in spare rooms that are rarely used. Keep in mind that many appliances generate heat while being used such as a computer, dishwasher, curling irons or hair dryers. Stereos and televisions even will add heat to your home, according to the U.S. Department of Energy.  Avoid using the oven to cook on hot days; use the stovetop or microwave instead.

Ventilation and Fans

Close doors and vents in rooms that aren’t in use. To help delay turning on the air conditioning, use fans to circulate the air. Use the cool nights as an advantage; Open windows, but in the morning close the windows and curtains to keep the cool air in. Along with making sure everything is closed, seal cracks and openings around windows and doors to prevent warm air leaking into your home.

Schedule

Setting your thermostat according to your schedule can be another way to maximize your energy savings and cost. Do this by setting your temperature as high as comfortably possible when you are in your home; the smaller the difference between indoor and outdoor temperatures the lower your bill will be. And, keep your home warmer than normal when you aren’t there. A programmable thermostat can make it a lot easier to set a timetable around your schedule. 

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