LED lighting
Compared to big household appliances, light bulbs don’t seem like a big deal in terms of energy consumption. But it all adds up.
According to the U.S. Department of Energy, lighting accounts for approximately 15% of an average household’s electricity use.
To lower the lighting portion of your electricity bill, consider LED bulbs. They consume up to 90% less energy than traditional incandescent bulbs and can last up to 25 times longer.
The Department of Energy says by switching to LED lighting, the average household can save about $225 in energy costs per year.
That said, LED bulbs tend to be more expensive to buy than incandescent bulbs. To get the greatest energy savings, look for LED bulbs that are ENERGY STAR-rated.
Discover how a simple decision today could lead to an extra $1.3 million in retirement
Learn how you can set yourself up for a more prosperous future by exploring why so many people who work with financial advisors retire with more wealth.
Discover the full story and see how you could be on the path to an extra $1.3 million in retirement.
Read MoreSeal and insulate
It’s going to be an expensive winter according to the U.S. Energy Information Administration. The agency predicts that electric heating costs for homeowners will increase 10%, averaging $1,359 for the 2022/2023 season.
You might want to consider air sealing your house and adding insulation. The U.S. Environmental Protection Agency estimates that by doing so, homeowners can save about 15% on heating and cooling costs, or an average of 11% on their total energy costs.
You can use caulk for cracks and openings around door and window frames. You can also try weatherstripping to seal movable components such as doors and windows.
Line dry your laundry
Some clothes require line drying because it’s more gentle to specific fibers. But the technique can also save you money.
A clothesline obviously costs a lot less than a gas or electric dryer. And it costs even less to operate because it relies on the power of sunlight — which is free.
Project Laundry List — a website that promotes the benefits of line drying — says switching to line drying can reduce your electricity bill by more than $25 per month. Plus, sunlight can work as a natural bleaching agent and disinfectant.
Washing your clothes in cold water can also lead to savings on your energy bill.
The richest 1% use an advisor. Do you?
Wealthy people know that having money is not the same as being good with money. WiserAdvisor can help you shape your financial future and connect with expert guidance. A trusted advisor helps you make smart choices about investments, retirement savings, and tax planning.
