6 Ways to Reduce Your Utility Bills

Published on March 10th, 2017

The green movement has stressed the importance of energy conservation for years. Living more sustainably became a more prevalent lifestyle after oil prices rose in 2008, causing utility companies to add fuel charges to customers’ bills. Additionally, water shortages throughout many U.S. regions caused enforced water restrictions, giving people the incentive to save a little more on their utilities where they can.

Check out our 6 tips and small changes that can help your home be a little more energy efficient and help you save on utility bills:

  1. Paint your roof white: A study by Lawrence Berkeley National Laboratory’s Heat Island Group concluded for buildings in sunny climates, white roofs require up to 40% less energy for cooling than those with black roofs.
  2. Install an irrigation meter: When you get your water bill, that dollar amount is what you are charged for pumping the water into and out of your home.  You can save money by making sure you are only paying for the sewer capacity you are using. A separate meter can be installed to measure water usage for irrigation. The meter is read by your utility company and subtracted from your sewage bill. If you use a significant amount of water in your yard, the system installed should pay itself off within a few years because of the money you are saving.
  3. Lights off: Everyone has accidently left lights or fans on somewhere in their house while they are asleep but doing this increases energy use and costs. To save this money, do a nightly sweep of your home to ensure everything that needs to be turned off is. After doing this for a while, track how much you are saving and see the difference you are making!
  4. Upgrade your appliances: Many state and local governments actually offer financial incentives to homeowners upgrading their appliances to new, more energy-efficient models. These often come as rebate checks with proof of purchase.
  5. Seal leaks in doors and windows: When you add up the cumulative effect of all the small leaks in your home, it is about the same as leaving a window open all year long. Save money by using inexpensive expanding foam or caulk to seal cracks in places where cold or warm air escapes. Check around all window- and doorframes and around holes in walls where pipes enter and exit your home.
  6. Get a programmable thermostat: A programmable thermostat can be a great way to put strict limits on how high or low the thermostat can be set. Based on you and your family’s schedule(s), you can set target temperatures when your family is not home. The EPA estimates the average homeowner can save about $180 per year with a properly programmed thermostat.

If you are looking to purchase a home or refinance the one you’re in, talking to one of our dedicated mortgage advisors can benefit you. Get a free rate quote to estimate your monthly payments or connect with one of our dedicated mortgage advisors by giving us a call today at 1-844-77-vLoan.

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