1. Adjust your day-to-day behaviors
To reduce energy consumption in your home, you do not necessarily need to go out and purchase energy efficient products. Energy conservation can be as simple as turning off lights or appliances when you do not need them. You can also use energy-intensive appliances less by performing household tasks manually, such as hang-drying your clothes instead of putting them in the dryer, or washing dishes by hand.
The behavior adjustments that have the highest potential for utility savings are turning down the heat on your thermostat in the winter and using your air conditioner less in the summer. Heating and cooling costs constitute nearly half of an average home’s utility bills, so these reductions in the intensity and frequency of heating and cooling offer the greatest savings.
2. Replace your light bulbs
Traditional incandescent light bulbs consume an excessive amount of electricity and must be replaced more often than their energy efficient alternatives. Halogen incandescent bulbs, compact fluorescent lights (CFLs), and light-emitting diode bulbs (LEDs) use anywhere from 25-80% less electricity and last three to 25 times longer than traditional bulbs.
3. Use smart power strips
“Phantom loads,” or the electricity used by electronics when they are turned off or in standby mode, are a major source of energy waste. In fact, it is estimated that 75% of the energy used to power household electronics is consumed when they are switched off, which can cost you up to $200 per year. Smart power strips, also known as advanced power strips, eliminate the problem of phantom loads by shutting off the power to electronics when they are not in use. Smart power strips can be set to turn off at an assigned time, during a period of inactivity, through remote switches, or based on the status of a “master” device.
4. Install a programmable or smart thermostat
A programmable or smart thermostat can be set to automatically turn off or reduce heating and cooling during the times when you are asleep or away.
5. Purchase energy efficient appliances
On average, appliances are responsible for roughly 13% of your total household energy use. When purchasing an appliance, you should pay attention to two numbers: the initial purchase price and the annual operating cost. Although energy efficient appliances usually have higher purchase prices, their operating costs are 9-25% lower than conventional models.
6. Reduce your water heating expenses
Water heating is a major contributor to your total energy consumption. Other than purchasing an energy efficient water heater, there are three methods of reducing your water heating expenses: you can simply use less hot water, turn down the thermostat on your water heater, or insulate your water heater and the first six feet of hot and cold water pipes.
7. Install energy efficient windows
Windows are significant source of energy waste, which can amount to 10-25% of your total heating bill. To prevent heat loss through your windows, you can replace single-pane windows with double-pane ones.
8. Upgrade your HVAC system
An HVAC system is composed of heating, ventilation, and air conditioning equipment. Heating alone is responsible for more than 40% of home energy use. Because homes in Northern regions are exposed to much colder temperatures during the year, ENERGY STAR gas furnaces have different specifications in the northern and southern halves of the United States.
9. Weatherize your home
Weatherizing, or sealing air leaks around your home, is a great way to reduce your heating and cooling expenses. The most common sources of air leaks into your home are vents, windows, and doors. To prevent these leaks, you should ensure that there are no cracks or openings between the wall and vent, window, or doorframe.
10. Insulate your home
Insulation plays a key role in lowering your utility bills through retaining heat during the winter and keeping heat out of your home during the summer. The recommended level of heat resistance, or “R-value,” for your insulation depends on where you live. In warmer climates, the recommended R-value is much lower than for buildings located in colder regions like the Northeast.
We hope this goes a long way in helping you minimize on bills and grow financially.