Between trying to stretch a dollar and keeping up with a mortgage, conserving energy is the last thing on many homeowner’s minds. However, cutting back on energy consumption is one of the best ways to keep money in your pocket.
According to data from the U.S. Census, the median household income is $50,740. More than 3%, or roughly $1,600, of that income goes to pay for utilities such as gas and heat.
Here are some tips to help you cut that utility bill and help save the environment at the same time.
Tip 1: Consider A Programmable Thermostat
Heating and cooling account for 56% of the energy used in a typical home but, unless you’re watching the thermostat like a hawk, there’s little chance that you’re going to remember to turn it up or dial it down every day. A programmable thermostat does the thinking for you and could shave as much as $180 a year off your heating bill.
Tip #2: Insulate Your Water Heater
A simple water heater blanket can cut roughly 9% off your heating bill according to estimates compiled by the government's EnergyStar program. Blankets are between $20 and $50, they are easy to find and, above all, they are effective.
Tip#3: Put Your Electronics To Sleep
You may not think that leaving your computer on is such a big deal but, according to the Department of Energy, Americans waste $100 a year when they keep unused electronics running. Keep your money and put that computer to rest.
Tip #4: Unplug The Extra Stuff
Keeping the television or clock radio plugged in in the spare bedroom is only a good idea if someone’s going to be there to use it. The Department of Energy estimates that you can save $10 a month by just pulling the plug on unused household appliances.
Tip #5: Do Laundry In Cold Water
Having a washer in the home is convenient, but the cost of heating a tub of water can run up to as much as $35 a year. According to an analysis by Toronto-based BCHydro, washing your clothes in cold water three times a week can slash an extra $27 off your yearly expenses.
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