8 Ways Retirees Can Save on Utility Bills Without Major Home Upgrades
Written by
Emily Fowler
Edited by
Angela Corry
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Cutting down on utility bills doesn’t need to mean expensive home renovations. For retirees, these practical steps offer a straightforward way to keep costs low and comfort high.
Here are eight effective and affordable strategies for reducing energy expenses without a big investment — if any at all.
Adjust Thermostat Settings
Simple changes to your thermostat settings can make a difference. According to energy.gov, turning your thermostat back 7°-10°F for 8 hours a day can help you save up to 10% on your annual heating and cooling costs. It’s a minor adjustment that can bring major savings without sacrificing comfort, and you’ll likely find that you don’t even notice the temperature difference.
Unplug Appliances When Not in Use
Even when off, many appliances still use “phantom” energy. Items like chargers, microwaves and other electronics quietly draw power. A study from the Natural Resources Defense Council (NRDC) estimates this costs around $165 per U.S. household per year. Consider unplugging these devices when they’re not in use or plugging them into power strips for easy shut-off. This small step can add up over time, saving you money on electricity bills.
Switch to Energy-Efficient Lighting
LED bulbs use far less energy than older incandescent or CFL bulbs, and they last much longer, too. If you haven’t updated to LEDs, making the switch is affordable and effective. It’s a straightforward upgrade that doesn’t take much effort but will reduce your electricity consumption right away and potentially save you around $4,000 over an LED’s lifespan (around 20 years).
Take Advantage of Off-Peak Hours
Many utility companies offer discounts for using electricity during off-peak hours, which usually fall in the evening or early morning. Check your provider’s information to find out when peak hours are. By running appliances like the dishwasher, laundry machine or water heater during these times, you can take advantage of these lower rates and save.
Use Ceiling Fans Effectively
Ceiling fans are great for cooling in the summer but can be used in winter, too. During summer, set fans to rotate counterclockwise to push cool air down. In the winter, reverse the rotation so they run clockwise, helping circulate warm air from the ceiling back down to where you need it.
Install Low-Flow Showerheads and Faucet Aerators
Low-flow showerheads and faucet aerators reduce water consumption without affecting water pressure, cutting down on both water and heating bills. This is especially helpful if you have multiple faucets or bathrooms. They’re easy to install and can pay for themselves in no time.
Optimize Fridge and Freezer Temperatures
The ideal temperature for your fridge is about 37°F, and 0°F for the freezer. Setting the thermostat too low wastes energy without benefiting food storage. This small adjustment helps avoid overcooling and keeps your appliances from working harder than they need to.
Close Curtains at Night, Open Them During the Day
Maximize natural insulation by managing your curtains. Close them at night to keep heat in, then open them during the day to allow sunlight to warm your home naturally. This strategy is particularly effective in winter, letting you take advantage of sunlight to warm the home without turning up the thermostat.
Each of these tips can be implemented with minimal cost and effort, making it easy for retirees to lower utility bills without major home upgrades. Try a combination of these steps to enjoy a more comfortable home while keeping expenses under control!
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