How to Save Money on Electric Bills

If you’re interested in learning how to save money on electric bills, we’ve rounded up some helpful tips and saving strategies.  Here are some ways to save mega bucks on something most people think is a fixed expense!

Programmable or Learning Thermostats:

Installing a programmable or “Learning” thermostat is an easy way to bring down your utilities bill.  The thermostat will regulate the day and night temperature so you’ll always come home to warm/cool house without having the heat/air running all day.

A programmable  thermostat is well worth the small investment, because the amount you save on your energy bill pays for it in just months.  According to the U.S. Department of Energy, by using the recommended manufacturer settings, you can save up to $150 a year on your heating and cooling bills.

The popular Nest Learning Thermostat is a HUGE energy saver – and while it’s pricier than the traditional thermostats, it will definitely make up for it over time. For a cheaper, but effective option – get this highly-rated 5-2 Honeywell Programmable Thermostat for under $25 shipped. *5-2 refers to having separate setting options for the work week and the weekend.

Efficient Appliances:

Replacing old appliances with a new energy-efficient one, such as a water heater, clothes dryer, or heat & air stystem, can drastically affect your bills.  If your heating system is over 10 years old, replacing it with a new energy-star approved appliance can save you 30% off your yearly heating bill!
Also check into federal tax credits and federally-funded rebates in your state.  Many states have hefty incentives to upgrade to energy-star approved appliances.

Check Into “Utility Bill Averaging”:

Most utilities companies offer “Bill Averaging” – paying the same amount each month based on an average.  This may be something that will help you, if you don’t like being surprised with a $320 bill right after Christmas.  For instance, if you have very low bills in the spring/fall – but unmanageably high ones in the winter/summer – this would help even things out (for budgeting purposes).

Energy-efficient Lightbulbs:

Shop sales and use coupons to get good deals on energy-efficient CFL lightbulbs.   If you replace just one bulb at a time with a more energy-efficient one, eventually you will have them everywhere, and the savings from one will pay for the next one!


Did you know that you can get assistance to weatherize your home?  WAP’s (Weatherization Assistance Programs) are funded by the government and exist in every state.  They  provide low-income families with free or reduced weatherization for permanently lower utilities bills.
If you don’t qualify for government assistance in that area, many utility companies will offer a way to insulate your home for free, and pay them back in small payments.  This would pay for itself if you have an older/poorly built drafty home.   Contact your utility company to ask about this program!

Read more of our saving tips to find out how to save money in even more areas!


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