March 8, 2021

7 quick tips to save money on your gas, electric and water bills right now

Getty Images The average family spends about $126.65 per month on their electric bill. That…


Getty Images

The average family spends about $126.65 per month on their electric bill. That adds up to more than $1,500 per year. And when money is tight, reducing your electricity bill is one of the quickest ways to save each month. But if you’re like many people, you’re not sure how to do that. After all, we all have to use electricity, right? We’ve rounded up a few of the best free ways to reduce energy consumption and save money on your electric bill right now (as well as a couple of bonus tips to save on gas and water bills). 

Request an electricity audit

Many electric companies offer a free audit where they’ll do a room-by-room examination of your home and look at your electricity bills to help determine where you’re wasting energy. You can follow their recommendations to help reduce your electric bill.

Even if your electric company doesn’t provide this service, you can easily perform a DIY home energy audit using the U.S. Department of Energy website’s instructions.

Change your thermostat setting

One of the simplest ways to reduce your electricity bill is to adjust your thermostat. According to the Department of Energy, you can save as much as 10% on your heating and cooling costs by adjusting your thermostat by 7 to 10 degrees for 8 hours per day. In other words, keep it a bit warmer in the summer and a bit cooler in the winter.

A simple way to do this is to adjust your thermostat when you’re either asleep or away from home. If you have a smart thermostat, you can preset your thermostat to adjust during these hours so you don’t forget.

Turn down your water heater

Many water heater manufacturers set thermostats at 140 degrees. But in reality, most households only need it set at a maximum of 120 degrees. This unnecessarily higher setting can result in hundreds of dollars in losses.

By adjusting the temperature of your water heater, you can reduce these losses. The thermostat dial on your water heater is likely near the bottom of the tank on the electric or gas control valve. Be sure to check the owner’s manual for instructions to adjust it — and if you have any questions, consult a professional technician.

water-heater

Taylor Martin/CNET

Use your dishwasher

It might sound counterintuitive to suggest running an appliance to save on your electricity bill. And yes, there was a time where dishwashers used far more water than they do today. But the U.S. Department of Energy regulates how much water modern dishwashers can use. Any dishwasher manufactured since 2013 is limited to using five or fewer gallons of water. If it’s a compact size dishwasher, it’s limited to three and a half gallons.

You might think that surely you use fewer than five gallons of water to hand wash your dishes. But the USGS actually estimates that it takes anywhere from 9 to 27 gallons of water to hand wash a load of dishes.

Take advantage of off-peak rates

Electricity use tends to be higher during certain times of the day and the year. First, demand is higher in the winter and summer when people are running heaters and air conditioners. It’s also higher during the daytime and evening hours.

Some electricity companies offer time-of-use plans, increasing rates during peak hours and decreasing them during off-peak hours. If you have one of these plans, you can save money by running large appliances like your dishwasher and washing machine early in the morning or late at night.

Change your air filters

Your air filter helps to catch any dirt, dust, pet hair and more, preventing it from making its way into your HVAC. When you don’t change your air filters regularly enough, this debris gets into your HVAC system and bogs it down, reducing its efficiency. According to the Department of Energy, replacing your filters on schedule can lower your air conditioner’s energy consumption by anywhere from 5% to 15%.

Next steps

There are many steps, big and small, that you can take to reduce your consumption and save money on your bills. The Department of Energy has an entire section of its website devoted to providing tips to help you save on energy. And while plenty of them come with a price tag, there are many more just like those on this list that you can do for free.


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