How to Cut Down on Energy Costs

September 13, 2022 2 min read

 

The Money Bag Newsletter by Financial Footwork

 

5 ways to cut down on ENERGY COSTS! 

Not only is inflation at an all time high, so are temperatures across the US. Combating those scorchers is also putting energy use through the roof. While reigning in our environmental happenings is beyond our scope, we can curb our energy use. Here’s how you can cut back and lower your spend on utilities this season and into the next!  

HERE ARE 5 ways to cut down on ENERGY COSTS! 

1. CHECK YOUR SYSTEMS ANNUALLY

Leaks can be a major source of wasted energy, and correcting them can help you realize significant immediate savings. From heating and AC issues to a busted water pipe, having a regular systems check can optimize your home energy usage and lower your overall cost.

2. UPGRADE YOUR EQUIPMENT

Keeping your equipment in good condition is vital to becoming more energy efficient. This means regular maintenance and system checkups. Schedule yearly maintenance on all of your major appliances in advance and search for digital coupons before booking. It reduces repair costs and boosts efficiency.

3. INSTALL ENERGY-EFFICENT LIGHTING

LED lighting uses up to 90% less energy and lasts up to 25 times longer than traditional incandescent bulbs. Now, there are even options for different temperatures from warm to cool hues—so there’s no excuse to ditch the old school bulbs. Save money on your electric bill and the frequent with which you replace your light bulbs.

4. POWER DOWN YOUR EQUIPMENT

Turning off your lights seems like a no-brainer, but it truly does save you big bucks. Whether it is your spouse, roommate, or employee out of town, shutting down there equipment or placing them on sleep mode is very much necessary! The savings do add up. Turning things off would help you save at least $3,400 annually according to energy-sufficient news. 

5. POWER DOWN YOUR EQUIPMENT

Weatherize your home for the seasons. In winter, make sure all the leaks in your home are sealed up, your outside pipes are sealed so they do not freeze and cause a break. Pro-tip: In winter open curtains to allow for natural light to heat your home. In the summer, take the opposite approach to sunlight, utilizing curtains can drop the temperature in your home and save on AC costs.

Control your energy costs and make steps to improve your overall energy usage. Your budget is where you can start, track what you spend and find areas where you can improve. It will put more money in your pocket!

 

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