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    Improve Your Finances By Cutting Electricity Costs

    By

    March 3, 2016

    (Image via Pexels: https://goo.gl/lqU91o)

    (Image via Pexels: https://goo.gl/lqU91o)

    A big financial concern for most people is that they’re spending too much money. More to the point, they’re spending too much on their electricity in the home. With our advice, you can improve your financial situation and cut down on electricity costs.

    Use Renewable Energy Sources

    One of the best and most eco-friendly, ways of cutting the cost of your electricity is to use renewable energy sources. Instead of getting your electricity supplied by the national grid, get it another way. You can have solar panels installed on your roof to generate electricity. This is a renewable source as it harnesses the power of the sun. The panels absorb solar energy, power your house, and keep on absorbing more energy at the same time. If you’re worried about losing power when there’s no sun, don’t be. You can get deep cycle batteries that will store loads of electricity for you. The solar panels will do all the hard work and store the energy in the batteries. That way, when it gets dark or cloudy, you’ll still have a way to supply your home with electricity. You may be wondering how this will have an impact on the what you spend on electricity bills. Well, it can mean you don’t have to pay any electricity bills in the future because you’re using a natural energy source. In fact, you could even sell some of your energy back to the government to help power other homes in your area!

    Energy Efficient Appliances/Light Bulbs

    These days, companies are doing all they can to ensure people use less electricity in the home. Almost everything will have a setting that uses less power than usual. Even TV’s have an energy saving mode that uses up less electricity, thus saving you money. You can also find a range of kitchen appliances that have features similar to this. If you can get appliances that don’t use as much electricity, then you’re bound to see savings over time. Plus, you should also change all the light bulbs to energy efficient ones. Lights are constantly left on for long periods of time. The result is that your electricity bill gets eaten up, and you have to pay a mini fortune. There are times where you need to have the lights on, and energy efficient bulbs can help you here. They’ll be just as effective as normal bulbs, but use a fraction of the power.

    Dim The Lights

    Speaking of light bulbs, there are a couple of additional things you can do to save money. One of which is to turn off your lights when you don’t need them on. If you’re not in a room then there’s no need to have them turned on, it’s a waste. Secondly, change the switches in your house so you can control the light levels. With dimmer switches, you can turn the lights down to a low level of brightness. This means they’ll use up even less electricity, especially if they’re energy efficient too!

    Stop giving your finances a beating and start saving money on your electricity bills with these three tips.

    Views presented in the article are those of the author and not of ED.

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    • harri

      Do dimmer switches really help save electricity or are they simple rheostats (or something like that) which do not save electricity use but only reduce current by increasing resistance? Will someone clarify please.

      • Abhinav Jain

        It reduces the usage of electricity….Because P=V*I and V is constant….when R is increased…I reduces and P eventually reduces…

        • harri

          I am still a bit confused. Isn’t V=I*R so if V is constant, I and R should just reciprocally increase/decrease to maintain constant V. My physics is of high school and jaded. Please clarify, if possible.