10 Quick & Easy Ways to Lower Utility Bills

Every homeowner and board member wants to save money, and there is no better place to start than with your winter heating bills. The price of all types of energy and fuel is on the rise, so you may be wondering how you can lower your utility bill this winter. Here are some quick and easy tricks to help reduce your utility costs.

Turn Your Thermostat Down

This is the best place to start when it comes to lowering your heat bill. Some estimates say you can save as much as 10% by lowering your thermostat by five to ten degrees. If you are away from home or fast asleep, try turning the thermostat down to 68°. You can even experiment and see if your family is comfortable a few degrees lower than you usually keep your home. It is important to never set your thermostat below 60°.

Upgrade Your Thermostat

Thermostats have come a long way! You can get a programmable or even a smart thermostat. The best smart thermostats will allow you to customize your heat schedule and even allow you to control your thermostat from your smartphone or device while you are away from home.

Don’t Block Your Vents

Make sure your vents are clear for optimal circulation. This will keep your home warmer while using less energy. Preventive maintenance is advised in general to help keep your overall costs down.

Check Your Filters

To keep your HVAC running correctly, it’s best to clean or change your filters every few months. Keeping regularly scheduled maintenance appointments with service professionals will also help. An HVAC system not maintained can drastically increase your energy bill.

Seal Your Windows and Doors

Check and replace any broken or old seals on your windows and doors. Old and broken seals allow for drafts to sneak through, making it harder to keep your home warm and cozy in the winter.

Wash Full Loads of Laundry

Doing laundry increases your bills in multiple ways because the machines take both electricity and water to run. Make the most out of each load by washing full loads, and wash in cold water when you can. You can also save money by hanging your clothes to dry when possible.

Check Your Water Heater

Your water heater should be set no higher than 120°F. Having a water heater set too high not only wastes energy, but it is also dangerous. You not only risk burns to yourself but the potential damage to your water heater or pipes in the process.

Unplug Electronics When Not in Use

Stand-by power can cost you over $100 per year! You may not think about it, but even simple appliances such as coffee makers and toasters draw power even when they’re not in use. A good rule of thumb is if you’re not using it, unplug it.

Close Your Garage Door

Keeping your garage door closed will keep the garage wall side of your home warmer by helping to retain warm air and insulate it from the cold. Consider treating any draft points if possible, for additional insulation and energy savings.

Use Rugs

Rugs will help to insulate your floor and also keep your bare feet from feeling cold. You may also want to consider wearing additional layers during colder months to help keep heating costs down.

There are many easy ways to have a lower utility bill. Most of them come down to being mindful and creating good energy-saving habits. Just adding a few of these tips into your routine will cut costs while keeping you warm and cozy all winter long!

AR Management can help boards with property, fiduciary, and decision management. If your HOA is looking for assistance, contact us today.