Is your electric bill taking a huge chunk out of your monthly budget? According to the U.S. Energy Information Administration, the average monthly electric bill for residential properties is almost $112. And given the other costs of housing like water, HOA fees, rent, and other fees, the costs can add up and make it tougher to make ends meet every month.
While some of these fees are inevitable, your monthly electric usage can affect how much you’re paying every month. By using these five tips, you can lower your monthly electric bill.
Insulate Your Home
If you are the property owner of the house, make sure your property is properly insulated. If you’re renting, ask your landlord if the property has proper insulation and make it a priority when hunting for an apartment.
This can make a huge difference in your electricity, especially during the summer and winter seasons, because heating and cooling is usually the biggest electricity consumer in a house. If your home isn’t properly insulated, it will be easy for the heat or cold to escape your home. Thus, your heater or air conditioner will have to work harder to get your home to a certain temperature. Check your doors and windows for leaks and broken seals, as these can also prevent your insulation from functioning properly.
Manage Your Home Appliances
Consider investing in energy-saving home appliances. Newer appliances in the market are built to consume less energy than their older counterparts. These include appliances like fridges, microwaves, air conditioners, and electric stoves.
Unplug appliances that are not in use. Even when they’re switched off, appliances can still consume energy. It’s not a lot, but when left for long periods of time, it can continue to add up. Keep your appliances in good condition. Appliances that aren’t working well may consume more electricity than necessary.
Switch to Prepaid Electicity
It may be inconvenient during the first few months of adjustment, but prepaid electricity can really help you lower your electric bill if done right. Most electric bills are post-paid and unpredictable, but with prepaid electricity, you control how much you pay. Unfortunately, this also limits the electricity you can use in a given time.
The biggest downside to this is that prepayment meters are more expensive than other meters. Your electricity will also continue to run for only as long as you have prepaid credits. If it runs out, some electric companies offer emergency credit to give you additional electricity if you haven’t paid. Once that credit runs out, you need to get access to your meter to have it topped up. But once your household adjusts to this new system, it can be very helpful in cutting down electric costs.
Keep Your Fridge Full
Your fridge is the biggest electricity-consuming appliance because you have to keep it plugged 24/7. Aside from your parents always telling you to keep the fridge door closed, you can save up on electricity by keeping it as full as possible. This is because the contents of your fridge can serve as insulation, thus lowering the time your fridge needs to stay cool.
These steps can help you reduce the electricity you use at home, thus lowering the added costs of paying your electricity bill. Some of these tips may cost you money, but think of it as an additional investment on your home.