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Your electricity bill is one of your biggest on going monthly costs.  It’s one of those costs that is literally costing you every second of the day. If you have anything plugged into an outlet, chances are you are paying money to keep it charged through out the day. But there is good news! There are so many easy (like 100) ways to save money on electricity, many of which you can do in the next 10 minutes.  Let’s make sure that you are not paying for what you aren’t using. In this article I will show you every way I can think of to save money on electricity.



Watch Out For Phantom Power!

Before we start, you should know about phantom power (which sounds like an evil cartoon character).

Phantom power is the electricity that an appliance draws when it’s turned off but still plugged in.

While some are easy to acknowledge ( like the oven with a clock that runs all day long). Others aren’t as obvious.

There are many appliances and gadgets that can suck power when they are not being used. Which ends up costing you more money every day.

Ok full dork confession, about 2 years ago I got really motivated to save money on my electricity bill. So I picked up one of these.

It measures the amount of electricity that an appliance uses.

You can enter in how much your cost per kilowatt of electricity. Then leave the appliance plugged in for a day or two and see how much electricity it uses.

Some items will surprise you.

For the price this gizmo saved itself and then some in the first week!

Another one that tells you if a device is using phantom power is this device. It’s a great way to start saving money on your power.

Few Discoveries from Monitor Electricity Usage

For instance, to charge my phone uses less than $2 a month. That’s based on charging it once a day. I thought it would be waaaaay more.

My remote control docking station uses $0.75 a year when it’s in charging mode.

Our TV system in the basement, that never gets used, costs $17 a year to sit idle.

And no one ever uses it…. Ever!

So we unplugged it.

Simple savings.

There are some smart monitors on the market now so you can see about them. The nice thing is you can monitor their usage throughout the day.

Use a Programmable Thermostat

This should be the biggest thing if you don’t already have one. Heat and cooling will be your biggest part of saving money on your electric bill.

Pick up a programmable thermostat so that you aren’t heating (or cooling) your house when no one is around.

You can set it to turn on right before you wake up. Turn to a lower temperature when you leave. Then warm the house up again just before you get home.

Plus with smartphones, you can get a smart thermostat like Nest that learns your habits and does this for you automatically.

The savings on your heating bill can be huge!


Get Your Computers to Turn Themselves Off

This is honestly the easiest place to save money on utilities. You set it once and then you are done. If you have a computer in the house (and you most likely do), do you leave it on all day and night?

That means there is probably 8-16 hours a day where it isn’t being used, but still using power.

Bonus points: By not having your electronics running constantly it should extend the life of your devices!

Go into your power saver settings for it to shut down at a certain time of night. (Here’s how to do it on a Mac and how to do it on a PC)

By doing this you will cut 33% of your power consumption on this once gadget now turned necessity device.

One last thing, use sleep mode too. The longer that screen is on the more power it sucks. Stop it and start saving money on electricity.

Turn Off Appliances When You Aren’t Using Them

Simple, but effective.

Like I mentioned earlier, that power meter showed how much phantom power each appliance drew.

Some of them surprised me. If you aren’t using something for months and months, unplug it.

From coffee makers to lamps many things draw power even when you aren’t using them.

Make sure to unplug them and keep the extra money.

If you are looking for something more tech-based to turn off your power for you. Here are some smart plugs you can get.

Ditch the Extra Fridge

Speaking of phantom power, that 1970’s beer fridge is sucking a lot more electricity than you think.

We got rid of ours this year. Our hydro company had a program where they take it away and pay you $50 for it.

Getting paid to save money on my electric bills, I love it!

The 1970s fridges aren’t very efficient compared to today’s standards.  I’m guessing we are saving an extra $50 to $100 a year from getting rid of it.

Even downgrading to a smaller fridge could save you money.


Skip the Oven on Small Things

Ovens are great when you are making a big meal. But if you really want to save money on electricity use a toaster oven on the smaller foods.

It can do the same thing at a fraction of the cost.

The toaster oven will offer you the same heat in a smaller container, giving you some nice savings.

Fill Up The Dishwasher

This is a must. Always wait for the dishwasher to be full until you use it.

They take up a ton of energy to run.

Doing a half-load isn’t worth it, leave it until it’s full, or wash the few items you have by hand.


Switch To Air Dry

Dryers are another one that suck up a huge amount of power. If you have the time and space, hang up your clothes and let the air dry out your clothes.

It will help you to save money on your electric bill.


Lower the Heat on Your Hot Water Tank

You know how your water burns you every morning in the shower?

No? Just me?

Well if you do have burning hot water that means your temperature on your hot water tank is too high.

Turn down the tank and watch your savings go up!


Rechargeable Batteries

When you have kids you know that your batteries are always getting replaced.

Pick up some rechargeable batteries and enjoy the savings over the next few years. The cost of them keep going down and it’s a great place to save!

Use the “Free” Freezer

If you live anywhere that goes freezing in the winter, outside is basically a freezer. Animal concerns aside, make use of the cold climate when you can.

Hah! Finally found a good use for cold weather.


Get an Energy Audit

If you are serious about getting your electricity costs down getting an energy audit can be a great way to find out where your house is leaking money… err… electricity.


Air Dry Your Clothes

Another huge electrical suck is your clothes dryer. When it’s possible, use the clothesline outside or hang your clothes to dry.

It takes a little longer but the savings add up.


How to Save Money on Electricity: Lights

Replace your lights with LED

LED Bulbs are here and they are awesome.

I wrote about whether LED bulbs here. They are more expensive than traditional bulbs but they cut your costs dramatically compared.

Simply put LED lights save you a ton of money and you can recover the cost in a few short years.

The cost savings over their 23 year lifetime is huge!

Bonus: These lights last forever. Which is perfect. Because it means only switching lights every other decade rather than every year.

Which isn’t big, but let’s call it as it is, changing light bulbs is a nuisance.

Turn Off The Lights!

And in that one sentence,  I became my parents. 🙂

Now that I own a house, I realize why.

Every second that the lights are on, and you aren’t using them, it’s sucking money out of your pocket.

Stop the madness! Turn off the lights and save some power.


Install Dimmer Switches

If you want to cut down your lighting costs even more than LED light bulbs you can install dimmer switches. They use less power when you go to lower light settings.

Stack that with the L.E.D. lights and you are going to see some nice savings over the years.

Click here to check out dimmer switches.


Electric Furnaces

If you use an electric furnace to heat your home consider getting a programmable thermostat.

The cost of these has gone way down in price and there are even smart thermostats that learn your habit program themselves accordingly. All of this is designed to heat your house when you need it and leave it idle when you don’t.

This one item could be the biggest factor in you cutting your electricity bill.


Air Conditioning

Home cooling can be just as costly as heating in some areas.

Consider getting blinds and closing them during the day to prevent the sun from heating the house.

In the evenings open your windows and make use of the cooler air temperatures to cool your house over night.

Then close up the house in the morning when your home is at a lower temperature.


Small Savings On Electricity Add up

When you think of saving money, bigger items always tend to rule the day.

But  cutting down your electricity bill can have savings that add up big time over the year.

Start implementing these ideas and watch your bill shrink and use that money for doing something you enjoy!


It’s Time To Put More Money Back In Your Pocket By Saving Money On Electricity Here’s Our 100 Ways to Save Money on Electricity

Here’s a quick recap of all the things you can do :

  1. Watch Out For Phantom Power
  2. Use a Programmable Thermostat
  3. Get Your Computers to Turn Off Themselves
  4. Turn Off Appliances When You Aren’t Using Them
  5. Ditch the Extra Fridge
  6. Skip the Oven on Small Things
  7. Fill Up The Dishwasher
  8. Switch To Air Dry
  9. Lower the Heat on Your Hot Water Tank
  10. Rechargeable Batteries
  11. Use the “Free” Freezer
  12. Get an Energy Audit
  13. Air Dry Your Clothes
  14. Replace your lights with LED
  15. Turn Off The Lights!
  16. Install Dimmer Switches
  17. Electric Furnaces
  18. Air Conditioning
  19. It’s Time To Put More Money Back In Your Pocket By Saving Money On Electricity
  20. Use natural lighting whenever possible
  21. Turn off your fans
  22. Use the toaster oven
  23. Take cold showers
  24. Shower every other day
  25. Wash things in cold water
  26. Hang dry your clothes
  27. Switch to foods that don’t need to be heated up
  28. Use power bars and turn them off when not in use
  29. Put on a sweater in the winter
  30. Turn the thermostat down
  31. Use the evening air to cool the house in the summer
  32. Don’t over heat your food = wasted electricity
  33. Turn your TV off
  34. Plug in things when you need them, unplug them when you don’t
  35. Switch to solar power
  36. Switch to wind power
  37. Be minimal with your electronics
  38. Use your blinds to keep the heat out
  39. Use your blinds to keep the house cool
  40. Install dimmer switches
  41. Install light timers
  42. Close your flue in your fireplace
  43. Install low flow faucet aerators
  44. Put insulation around your hot water tank
  45. Put insulation around your pipes coming out of your hot water tank
  46. Switch to geothermal
  47. Instal low flow shower heads
  48. Limit your showers to 3 minutes
  49. Don’t have baths
  50. Lower your water heater temperature
  51. Limit video game time
  52. Clean your furnace filter
  53. Clean your air filter
  54. Clean your air conditioning unit
  55. Make your fridge go on Eco mode
  56. Turn down your furnace at night
  57. Get a programmable thermostat
  58. Use LED smart lights to go off when you aren’t home
  59. Put your Indoor Christmast tree lights on a timer
  60. Put your outdoor Christmas tree lights on a timer
  61. Get a heat gun to spot heat loss in doors and windows
  62. Get extra insulation for your house
  63. Upgrade your windows
  64. Replace weatherstripping on your doors
  65. Replace weather stripping on your windows
  66. More to come!


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