From adjusting your thermostat to buying the right appliances, there are many ways to add electric bill savings. Read on to learn more
Managing Money

Electric Bill Savings: 5 Ways to Reduce Your Monthly Bill

February 10, 2022

Did you know that the average monthly electric bill is around $114? 

That’s a significant cost that many American’s struggle to afford. Additionally, it’s an annoying and unwanted bill. However, did you know that there are ways to shave some dollars off your monthly expenses? 

If you’re planning to be money conscious in 2022, electric bill savings are the place to start. So, don’t shell out on expensive tariffs for no reason – read on to find out how to reduce electricity costs this year. 

Before we get to the list, making sure your heating and air conditioning are working properly is vital. If either of these are in need of repair, they can be running inefficiently which will hurt your monthly electric bill. If you’re not sure, professionals like are always just an email away.

1. Turn Off Unused Appliances 

This first one may seem simple, but turning off appliances when they aren’t in use will save you a significant portion over the year. Start by ‘auditing’ your home; go through each room, turning off each unused socket. 

Then, make it part of your evening routine to re-check all your appliances. Finally, remember to turn off the lights when they aren’t needed. 

2. Switch Providers 

Next, you want to have a look at different energy providers. Energy companies typically increase your tariff sneakily each year, assuming that you won’t switch. 

Check out comparison websites to review all the best deals that’ll help you save money each month. If you have loyalty to your current company, call them and ask them to match the lowest price you’ve found online. 

3. Go Green 

Going green is becoming increasingly popular in 2022  – this includes everything from energy-saving light bulbs to solar panels. Next time you’re shopping for new appliances, prioritize energy-saving devices. 

Although solar panels are a high up-front cost, they’re a serious investment. Your solar panels will begin to pay for themselves before you know it. If you’re on the fence about it, spend some time learning about the value of solar

4. Program Your Thermostat 

You can also pre-set your thermostat to be energy efficient. If you simply reduce the heat by a few degrees, you can easily cut 10% off your monthly bill. 

You can either do this manually or pre-set it and control the heat through your phone. 

5. Think Energy All the Time 

Finally, change your mindset to be energy-conscious. Consider things like only running the washing machine when you’ve got a full load, drying your clothes on the line instead of the dryer, and replacing your HVAC filters regularly. 

Once you make these changes, you’ll notice significant savings over the year, and you can have extra holiday money (just don’t forget to turn your appliances off before you go!) 

Prioritize Electric Bill Savings In 2022

You’ll never meet someone that’s doesn’t want a lower electric bill, but so many people neglect to put in the effort to change things. However, if you follow these few tips, you’ll see significant electric bill savings before you know it. 

So, what are you waiting for? Time to get started on your electric saving journey!

Did you find this article helpful? If so, make sure to check out our other posts for all things home, finance, business, and more. 

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