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4 Tips to Save Money on Your Electric Bill

By: Joshua Unseth-- 2010-08-12 6:00 am --

The trick to saving money on your electric bill is to look for small changes you can make. Each of these small changes may have a minimal impact on your bill, but when taken together the savings will add up.

  1. Turn Off Your Computer At Night
    Many people leave their computers on at all times, but there are large stretches of time when the computer is not being used. Why pay to leave the computer on overnight or while everyone is out for the day? A PC Energy Report US in 2009 found that $2.8 billion could be saved each year in the US if everyone turned off their computer each night.
  2. Avoid Standby Power Loss
    Standby power loss occurs when appliances and chargers draw small amounts of power even when they are turned off. This is what powers lights on your TV or DVD player for example. The short term cost for each devise that is left plugged in is small in the short term, but when you consider the long term cost of multiple devices, the costs add up. Some sources estimate that as much as 10% of a typical residential power bill comes from these standby losses. You can cut down this amount by unplugging devices that do not need to be on. You can make this easier by plugging things into a power strip and then simply turning off the strip.
  3. Switch To CFL Bulbs
    Using CFL or compact florescent bulbs in place of incandescent bulbs to save money. Although CFL bulbs have a higher upfront cost, they can last 10 times as long and use 75% less energy. Replacing just five 60 watt bulbs in your home can save you over $30 the first year alone and as much as $180 over the life of the bulbs.
  4. Buy a Programmable Thermostat
    Buying a programmable thermostat is another tip that involves an upfront cost. A programmable thermostat allow you to set a comfortable temperature while you are home and save energy on heating and cooling costs during the hours that you are out. Depending on your habits, you may save as much as $100 per year.

By making these 4 small changes, you will start to see savings on your electrical bill. What other small changes have you made to save electricity and lower your bill?