2

Welcome to Wealth Informatics! If this is your first time visiting the site, please start here.

Tip #10: Do a free energy audit and save money on utilities

Who likes paying for utilities? I do love my AC and heater but if I can save money by making some minor changes without sacrificing my comfort, I will take it. There are plenty of ways to save money on energy. I will stick with 3 tips this month.

  1. Doing an energy audit to see if there is any low hanging fruit that I can work with to save energy,
  2. Turn the thermostat down 3 degrees and use slippers/sweaters/throws to balance my comfort.
  3. Turn off devices that consume energy continuously.

An energy audit will evaluate your home to see how much energy you use, how efficient your home is and also suggest measures that can be used to save energy and lower energy bills in the process.  An energy audit typically includes –  blower door test,a thermographic inspection, checks for air leaks and insulation.

  • Most of the utility companies will do a free energy audit. Give them a call!

If they don’t offer a free energy audit, you can always hire a professional auditing company or go the DIY route. Energy.gov has an excellent guide on DIY energy audit.

Even if you are not doing a full blown energy audit, there are several things you can do that will take only a few minutes and can save a lot of money.

  • Turn the thermostat up a few degrees (in summer) or a few degrees down (in winter). “The rule of thumb is that you can save about 3% on your heating bill for every degree that you set back your thermostat” full time, says Bill Prindle, deputy director for the nonprofit American Council for an Energy-Efficient Economy (ACEEE). That means if you lower the thermostat by 3 degrees you can save ~10% of your energy bill.

I won’t list every single tip on saving energy. If you are interested, Energy.gov’s Energy Savers website is a treasure trove of information on how to save energy (and money). They also have a booklet that summarizes different ways to save energy – Download the Energy Savers Booklet.

Savings: $10-$25 a month (depending on the average energy bill across U.S.).

{ 2 comments… read them below or add one }

Pauline

For my UK flat the utility company offered free insulation on top of the audit, and I also received a low flow shower filter and a bulk to put in the toilet tank to use less water with each flush. You can put a half gallon bottle of water full of water in your tank to save on flushes, since the space used by the bottle won’t go with each flush.
We also had tax rebates and discounts from the utility company for installing greener boilers, heaters, windows, etc. They provided very detailed information with the total cost, tax refund and energy saving to see if the investment was worth it.

Reply

My Financial Independence Journey

The energy vampires are real. My computer set up burns power like mad even when it’s on “standby.” I never really believed that electronics were that inefficient in standby. I used to write it off as eco-whining. Then I did an experiment for a month and saw how much my power bill dropped. Now I make sure that this beast is turned off every morning before I head out.

Reply

Leave a Comment

Previous post:

Next post: