Did you know that the average cost of power in the United States is $1,300 to $1,500 per year, and the cost of water is $800 to $1,000? As a result, Americans spend a significant portion of their income alone on utility costs. And for new homeowners who are likely still hurting from having to make a large down payment and pay closing expenses, that’s a significant financial strain. What can you do in this situation? Plenty, in fact, and it doesn’t have to be difficult or expensive. Let’s look at 5 ways new homeowners in Oklahoma might save money on utilities.
1. Replace the HVAC Filter
Most homeowners’ utility costs are dominated by heating and cooling. So, one simple and inexpensive approach for new homeowners in Oklahoma to reduce utility expenses is to replace the filter(s) on their HVAC system.
A clogged filter causes ineffective – and more expensive – heating and cooling. New homeowners should replace the filter when they first move in, and then every 30 days after that, according to experts. You can also install a high-end pleated filter, which can last up to six months, if you don’t want to be bothered with replacing it every month and are ready to spend a little more.
2. Weatherstrip Doors and Windows
Around windows and doors, a lot of heat and cold air can sneak in. Weatherstripping around windows and doors is another cost-effective option for new Oklahoma homeowners to save money on utilities. Sealing these air leaks can actually save you up to 30% on your annual utility expenditures.
Weatherstripping supplies can be found at your local home improvement store. Plastic, felt, foam, and vinyl are all options, and you can layer them to obtain the finest seal. It doesn’t take much time or money, and it’s a simple method to save money on utilities while making your new home more comfortable.
3. Use Smart Power Strips
And installing smart power strips is a smart thing to do to cut utility costs. Here’s why…
Electrical devices – even when they’re turned off, but still plugged in – “leak” electricity. It’s a phenomenon known as “phantom power” or “vampire power” and can account for up to 5% to 10% of your monthly electric bill.
Of course, you could disconnect everything when you’re not using it, but that would be inconvenient. Smart power strips are a simpler solution to the problem. These devices and appliances automatically turn off electricity when they’re not in use, and they’re only $15 to $30.
4. Wash Clothes in Cold Water
Did you know that washing your clothing in cold water gets them just as clean as washing them in warm or hot water? It is correct (except for those few items that specifically require hot water). To save money on utilities, simply wash your clothes in cold water.
Remember that heating the water consumes 75 percent to 90 percent of the energy consumed when washing clothing in hot water. And, in order to avoid setting stains, it is generally advisable to wash stained items in cold water. It’s a simple tweak that can make a significant difference in your utility expenses.
5. Cut Your Shower Time
It may take some getting used to, but reducing your shower duration can help you save money on your electricity bills. You don’t need all of those long showers, and your teenagers don’t need those 30-minute showers that waste all of the hot water.
Most of us spend around eight minutes in the shower, consuming about 17 gallons of water at a rate of little more than two gallons per minute. Over the course of a year, shaving even just five minutes from your shower can significantly reduce the quantity of water consumed and the energy required to heat it.
Learn More From Your Oklahoma Agent
These are some simple and practical strategies to save money on utilities. New homeowners, on the other hand, have even more methods and tactics at their disposal for lowering electricity expenses. One of these is making informed purchases, which your Oklahoma agent may assist you with. So, if you’re about to become a new homeowner and want to save money on utilities, give us a call at (539) 664-8033.