Energy-Saving Home and Tech

15 Smart Ways to Save on Your Electric Bill

By
Gexa Energy
April 26, 2023
|
5
minutes read
By
Gexa Energy
Publication Date:
June 1, 2023
Last updated:
August 19, 2024

Managing your monthly expenses is challenging, especially when it comes to your electric bill. Fortunately, there are strategies to reduce electric bills and keep more money in your pocket for the fun stuff. From simple, no-cost changes to long-term investments, this blog will explore various ways to save on your electric bill. Gexa Energy offers a range of plans designed to help you maximize savings and reduce electricity usage, but here are 15 practical tips that can help make your home more energy-efficient.

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1. Use Energy-Efficient Light Bulbs

Switching to energy-efficient light bulbs is one of the simplest and most effective ways to reduce your electric bill. Traditional incandescent bulbs consume more electricity and have a shorter lifespan than modern alternatives. According to the U.S. Department of Energy, LED bulbs use at least 75% less energy and last up to 25 times longer than incandescent lighting. Compact Fluorescent Lamps (CFLs) also offer substantial energy savings.

2. Unplug Electronics When Not in Use

Unplugging electronics is a simple yet effective way to reduce electricity consumption and lower your electric bill. Even when turned off, many devices continue to draw power—a phenomenon known as "phantom load" or "energy vampires." For example, a laptop charger left plugged in without the laptop can still draw 4.42 watts, and a television can use up to 10 watts even when turned off. Unplugging these devices when not in use can significantly reduce your household's overall electricity consumption.

3. Install a Smart Thermostat

Smart thermostats can help you save money on electricity costs by allowing you to automate and optimize your home's heating and cooling schedule. Here’s how they can help:

  1. Automatic Adjustments: Smart thermostats can automatically lower or raise the temperature when you’re not home or during sleeping hours, reducing unnecessary electricity use.
  1. Consistency: Maintaining a consistent temperature prevents the HVAC system from overworking to achieve drastic temperature changes.
  1. Energy Efficiency Settings: Many models have pre-programmed energy-saving settings tailored for different seasons, ensuring optimal usage year-round.
  1. Remote Access: Modern smart thermostats often feature remote access via smartphone apps, allowing you to adjust settings on the go, preventing electricity waste.
  1. Zoning Capabilities: Some smart thermostats can control different zones in your home separately, ensuring electricity is not wasted on unused areas.

These savings make smart thermostats a worthwhile investment for reducing electricity costs and enhancing home comfort.

4. Seal Windows and Doors

Sealing windows and doors is a simple yet highly effective way to reduce electricity costs by preventing drafts and maintaining a stable indoor temperature. To better insulate them, apply weather stripping around door frames and install door sweeps to block gaps at the bottom. Use caulk to seal any cracks or openings around the frame for windows. Consider adding window film or thermal curtains to further insulate and reduce heat transfer. These measures help keep your home warm in the winter and cool in the summer, significantly lowering your heating and cooling costs.

5. Use Ceiling Fans

During the summer, set your ceiling fan to spin counterclockwise to create a cooling breeze that can make the room feel up to 4 degrees cooler. In the winter, reverse the direction to clockwise at a low speed. This helps distribute warm air that rises to the ceiling, pushing it back down into the living space. By using ceiling fans year-round, you can maintain a comfortable temperature in your home while lowering your reliance on more energy-intensive heating and cooling systems, ultimately saving on your electricity bills.

6. Optimize Your Laundry Routine

Looking for other options on how to save? Electricity bills are just part of the puzzle — don't forget about water! Start by washing clothes in cold water, as heating water accounts for about 90% of the energy used in a washing machine. Always run full loads to maximize efficiency, but avoid overloading, which can strain the machine and reduce its lifespan. Additionally, consider air-drying clothes on a line or drying rack whenever possible. When using the dryer, clean the lint filter regularly to maintain optimal performance and consider using dryer balls to reduce drying time. Implementing these simple changes can make your laundry routine more efficient, potentially saving electricity and money.

7. Take Advantage of Off-Peak Hours

Off-peak hours are times when electricity demand is lower, typically late at night or early in the morning. Many electricity providers, including Gexa Energy, offer lower rates during these periods to encourage reduced consumption during peak times. You can use these time-of-use plans by scheduling activities such as running the dishwasher, doing laundry, or charging electric vehicles during off-peak hours. This helps balance the load on the electrical grid and translates to significant cost savings over time.

8. Install Solar Panels

Another great strategy for how to lower electric bills is solar. Many solar installers and retail electric providers offer rebates and incentives to offset the initial installation costs, making it easier to switch to solar power. For instance, federal tax credits in the United States can cover up to 30% of the installation expenses. Beyond savings on your electricity bill, solar panels can generate excess electricity, which can be sold back to the grid through net metering programs. This means you can be compensated for your panels' surplus energy, effectively turning your home into a small power plant. Solar panels can offer significant long-term financial benefits while promoting sustainable electricity use by taking advantage of these rebates and incentives and potentially earning money from excess energy.

9. Use Smart Power Strips

Smart power strips are an innovative solution to the problem of "phantom load" or "vampire power." These advanced strips can detect when a device is not in use and automatically cut off the power supply to that device, thereby preventing unnecessary electricity waste. Some models come with motion sensors, timers, or remote control features, adding convenience and efficiency. By using smart power strips, you reduce electric bills by ensuring your electronics only consume power when needed.

10. Upgrade to Energy-Efficient Appliances

When choosing a new appliance, pick one with an ENERGY STAR label. An ENERGY STAR-rated refrigerator uses up to 15% less energy, while a certified washing machine can save 25% on energy and 33% on water usage. Although the upfront cost may be higher, you'll save on electric bills and the extended lifespan of these appliances make them a worthwhile investment.

11. Perform Regular HVAC Maintenance

Regular maintenance of your heating, ventilation, and air conditioning (HVAC) systems ensures they run efficiently and effectively. Routine tasks such as replacing or cleaning filters, checking for duct leaks, and inspecting the system for any issues can significantly improve performance and reduce electricity consumption. A well-maintained HVAC system not only heats and cools your home more efficiently but also prevents the system from working harder than necessary, which can lead to higher electricity bills and a shorter lifespan for the equipment. Scheduling professional maintenance at least once a year can identify potential problems early, optimize system performance, and ensure you're not wasting electricity or money on inefficient heating and cooling.

12. Insulate Your Home

One of the easiest ways to lower electric bills is insulation. Insulating your attic, walls, and floors helps prevent heat loss in the winter and overheating in the summer. Additionally, insulating your water heater and pipes can improve energy efficiency by retaining heat in the water system. Investing in proper insulation can significantly lower your electricity bills and create a more comfortable living environment throughout the year.

13. Use Window Treatments

Window treatments like blinds, shades, and curtains are crucial in controlling the temperature inside your home. In the summer, reflective blinds or blackout curtains can block out the sun’s heat, keeping rooms cooler and reducing the need for air conditioning. During the winter, heavy drapes or insulated curtains help retain warmth by preventing heat from escaping through windows. 

14. Conduct an Energy Audit

An energy audit is a comprehensive assessment of your home’s electricity use and efficiency. Conducted by a professional, an energy audit identifies areas where your home is losing energy and provides personalized recommendations for improvements. The audit typically includes an inspection of insulation, heating and cooling systems, windows and doors, and appliances. Some electric providers offer this service for free or at a reduced cost, making it an accessible option for many homeowners. By following the recommendations from an energy audit, you can make targeted upgrades that will reduce electricity consumption, lower your bills, and improve overall home comfort.

15. Read More Energy-Saving Tips

For more detailed information on how to reduce electric bills, check out our guide on how to improve energy savings in every room. This resource offers a wide range of suggestions, from simple, no-cost actions to more substantial investments, all designed to help you optimize electricity use and reduce costs. By exploring and implementing these tips, you can make your home more energy-efficient and enjoy long-term savings on your electric bill.

These tips can lower your electric bill and enhance your home's energy efficiency. Whether you're looking for no-cost solutions or willing to invest in long-term savings, plenty of options are available to help you save money and electricity.

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Gexa Energy purchases renewable energy credits (RECs) from renewable generation resources throughout North America to match 100% of the energy sold under your electric plan. The RECs Gexa purchases represent the renewable attributes of power generated from a variety of renewable energy sources, including, but not limited to, the sun, wind, geothermal, hydroelectric, wave or tidal energy, and biomass or biomass-based waste products, including landfill gas.