Bang for your Buck: Lower your utility bill - Action News 5 - Memphis, Tennessee

Bang for your Buck: Lower your utility bill

Posted: Updated:
MEMPHIS, TN -

(WMC-TV) - We all want lower bills, right? How would you feel about lowering your electric bill each month? Andrew Douglas has three ideas you can do right away that will save your family hundreds of dollars in your utility bills annually.

Number one: Turn down the water heater.

Turning down the temperature just 10 degrees on your hot water heater saves 3 to 5 percent on energy costs, so a drop from 140 degrees to 120 degrees can save you 6 to 10 percent.

Energy costs for a hot water heater each year varies from $100 to $200, so this simple change could save you anywhere from $6 to $20 a year

Number two: Fix leaks, such as dripping faucets, toilet valves, and showerheads.

Fixing leaks now can save up to $8 each month, totaling nearly $100 per year.

Number three: Seal windows, doors, and ductwork.

This simple act can add up to big savings.  It could be as much as 5 to 10 percent on a total heating/cooling bill and you can buy what you need at any home improvement store.

If your electric bill is $100, that would be a savings of $10 per month, or $20 per month on a $200 electric bill.  Again, a home improvement store is your friend on this one.

So, turn down the hot water heater, fix leaky faucets and seal windows and doors and you will get big savings right now.

Copyright 2013 WMC-TV. All rights reserved.

Powered by WorldNow