Electrical Finances Savings

How Much Does an Electric Bill Cost and How Can You Lower It: A Guide

How Much Does an Electric Bill Cost and How Can You Lower It: A Guide

If you’ve been wondering, “how much does an electric bill cost?” You’ve come to the right place to get the answers you’ve been searching for.

There are so many things that you can do to pay less money each month for your energy costs. It doesn’t have to be so expensive.

Continue reading to learn how to lower your electric bill cost.

How Much Does an Electric Bill Cost?

The average cost to run electricity in a home for one year is $2,060, according to Energy Star. Almost half of the cost at 43%, comes from heating and cooling the home. The rest comes down to water heating, appliances/electronics, and lighting for the home.

Coming in at $175 each month, this is a lot of money when you think about how much electricity you really use. If you think that this might be too high based on your home electricity usage, there are tons of ways to lower the cost of your electric bill.

How Can You Lower Your Electric Bill?

The key to lowering your yearly spending on electricity is to ensure that your home is energy-efficient. This means lessening any activity that may be racking up the electric bill and using methods that make the most of a smaller amount of energy.

Place Some Solar Panels on the Roof

Taking a leap and changing your source of energy is a great way to reduce the costs of getting your electricity from an electric provider. Installing some solar panels on your roof is a great option for saving money.

Check out the solar companies near me to get started.

Turn off Anything That You Aren’t Using

A common-sense approach to save money is to turn off appliances and electronics that you aren’t using.

If you leave a room, turn off the light. If no one is watching the tv, turn it off. If you have to leave something plugged in for ease of access, use a smart power strip that will cut off energy flow when the product is not being used.

Use Less Water

Be more proactive when it comes to water usage. Take shorter showers. Fix any leaky faucets. Install an energy-efficient toilet. Thousands of gallons of water are wasted each year due to water running when it isn’t necessary.

Using less water will definitely save you money!

Use Energy-Efficient Appliances & Items

Nearly every appliance in your home can be swapped out with an energy-efficient model. Air conditioners and refrigerators are usually the first items that are thought of, but furnaces and dehumidifiers can also be energy-efficient.

Change out your energy-sucking light bulbs for energy-efficient light bulbs.

Start Saving Today

So, how much does an electric bill cost? What can you do to lower it? If you have been questioning any of these things, make sure you take the previously mentioned steps to make your life easier.

If you find yourself still paying an arm and a leg on energy, ask your energy provider to run an audit on your energy usage. They will be able to tell you where your problem area is. Then you’ll be better equipped to fix the issue.

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