Empower savings on your electric bill
+ Bonus way to get paid to use less!
Are you tired of the relentless drain on your wallet every time your electric bill arrives? The constant surge in energy costs can leave you frustrated. On the bright side, here are some top strategies that can not only help you trim your electric bill but also add a few hundred up to $2000 back into your pockets each year.
1. Save More with Energy-Efficient Appliances
Why use inefficient appliances when you can use a greener alternative? Enter energy-efficient appliances, the unsung heroes of frugal living. These modern appliances use less electricity but will give you great performance. Making this switch will allow you to save up to 15% on your energy bill in an effortless way each year. Look for appliances bearing the ENERGY STAR label, the beacon of energy efficiency.
2. Unplug and Liberate
Unplugging devices might seem trivial, but the impact it can have on your electric bill is anything but. Those innocuous-looking chargers and devices continue to siphon power even when not in use, contributing to what’s known as “phantom” or “standby” energy consumption. By unplugging from an outlet and using power strips, you may save up to $100 a year. Each unplug is a win for both your finances and the environment.
3. Illuminate Wisely with LED Lighting
Gone are the days of compromising between ambiance and energy efficiency. LED lighting has emerged as the champion of both worlds, consuming significantly less energy while providing the same warm glow. By making the switch to LED bulbs, you can easily save about $75 per year on your electric bill, with the added bonus of bulbs lasting up to 25 times longer.
4. Thermostat TLC for Savings
The thermostat isn’t just a technical device, it will help with reducing your energy usage and bill overall. By optimizing its settings, you can effectively reduce your energy consumption. During winter, every degree lower on your thermostat can translate to a 3% reduction in energy usage, leading to savings of about $100 a year. During summer, a slight increase combined with the strategic use of fans can keep you cool while pocketing an additional $100 annually.
5. Seal, Insulate, Conserve
Drafty homes not only lead to discomfort but also wastage of energy. By sealing gaps and insulating spaces, you can create an energy-efficient home. The savings are big – up to 20% on heating and cooling costs, which can amount to around $200 a year. So start sealing those energy leaks.
6. Solar Power: Your Wallet’s New Best Friend
Imagine if your home could generate electricity and help the planet. Solar panels make this happen and the long-term gains are really great. Through solar power, you could save up to $1000 each year, while also relying less on fossil fuels.
7. Show Your Water Heater Some Love
Your water heater might be running the show behind the scenes, but it’s also a heavyweight in energy consumption. By lowering its temperature and insulating it, you can curtail its energy use by 4% to 22%. This seemingly modest adjustment can translate into savings of around $45 to $100 per year.
8. Time it Right for Cost-Cutting
“Time-of-use” pricing can be your ticket to significant savings. Some utility companies offer lower rates during off-peak hours. Capitalize on this by scheduling energy-intensive tasks during these periods. If that’s not an option, consider performing these tasks at night when temperatures are cooler, allowing you to trim your energy bill by an additional $100 annually.
9. Take on Smart Technology
Living in the digital age has its benefits, with smart tech is one of them. From thermostats that can be programmed to your preferences, to energy-monitoring apps that give real-time insights, you can now make informed decisions at a touch of a button. Thermostats help monitor usage and keep costs spiking during the cold and hot seasons. This can help reduce your electric bill and save up to $150 per year .
10. Insulate your water heater
The most efficient water heaters are on-demand ones, since water isn’t being heated when it is not being used. If you have an electric hot water tank, you can wrap it in an insulating blanket to reduce heat loss.
“Bonus!” Get rewarded for saving energy!
Residents of California (PG&E, SCE, or SDG&E customers), New York (Con Edison customers),Texas (Texas Smart Meter customers), Toronto (Hydro customers) can earn hundreds of dollars each year by syncing their utility accounts to a OhmConnect by signing up for free. If you live elsewhere, you can be part of OhmConnect Bronze program which asks you to self-report what you’re doing to save energy. If you participate in these OhmHours, just let them know what you’re doing to save energy, and you can win prizes.
How does it work?
- Sign up for a free OhmConnect account, which will allow you to sync it securely with your online utility account.
- OhmConnect will send you payments for reducing your electricity for one hour per week (very occasionally there will be 2-4 hours if they have a surge bonus time). You will earn “Watts” that you can cash out or exchange for many gift cards and other prizes.
- Enter to win additional prizes. Every week, there’s a new, big-ticket prize for a lucky OhmConnect user who ‘buys’ a ballot using their Watts. Peloton bikes, gift cards, ENERGY STAR appliances, cash prizes and more are up for grabs!
- Members who use a smart thermostat or two smart plugs are the ones who earn the most each month.
- You could earn hundreds of dollars each year, and you will be helping to save the planet!
How does OhmConnect get funded?
OhmConnect gets paid by utilities and other load serving entities an amount for every reliable kilowatt of energy reduction they promise for the whole year. In return they pay their members who help save energy. Join today FREE!
In summary, slashing your electric bill and reclaiming your hard-earned money is pretty easy. Putting in place some of these simple strategies in your home will reduce your electric bill, and decrease your carbon footprint. The financial freedom and sense of accomplishment that come with these changes are worth every effort. Use less and get rewarded.