Consider replacing your current light bulbs with LEDs since lighting remains a “significant portion of electricity usage,” said Alexander Goldstein, CEO of Eligo Energy, an energy retailer based in Chicago which provides electricity to residential and commercial customers in deregulated states. Another plus is that LED bulbs are up to ten times as efficient and last up to 50 times longer compared to incandescent bulbs. To boot, they are better for the environment compared to florescent or CFL bulbs. In fact, given that lighting can total 5% to 10% of household energy costs, the average consumer can save $75 to $200 annually by switching over to more efficient bulbs.

Those older model computer monitors or televisions that have the cathode ray tubes (CRT) should also be replaced with the newer liquid crystal-display (LCD) screens, because they use less power.

At home or in your business, examine your current servers for your data and consider “consolidating multiple older servers into new more efficient hardware” or simply using the cloud, he said. Servers are large consumers of power and also emit heat, requiring additional air conditioning to keep them at a very low temperature constantly.

If you haven’t swapped them already, power switches with motion sensors are a good method to reduce the use of electricity when a room is empty. The lights will automatically turn off when inhabitants or employees leave for an extended period, making the task of saving power relatively easy.

Some older homes and offices still have their original thermostats. Opt for a programmable thermostat, because you can program temperatures for peak hours of business or use, Goldstein says. With a smart thermostat, consumers can save 30%on their home's heating and cooling bills. 

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