Wednesday, August 27, 2008

Savings 101 : Tips on cutting energy costs

Fall is approaching and energy costs are high. Here are some ways to save on energy and gas.

According to The U.S. Department of Energy, Americans are estimated to spend $2,350 on home energy costs this year. This is $2,100 higher than last year. There are some easy ways to cut costs down and most are pretty cheap, requiring little time.

In order to keep out cold and heat, seal the windows of your home. If you can't afford storm windows, plastic film kits do a good job as well.

Install a programmable thermostat that allows you to turn up the heat or air conditioning right before you arrive home. This will save you money during the day. According to the Department of Environmental Protection, the device saves roughly $180 a year in energy costs. It costs $100 for the thermostat itself.

Be efficient! Buy energy-efficient light bulbs, clean and change furnace air filters, and wrap your water heater. You will save money on lighting because they use two thirds less energy and last ten times longer that regular light bulbs. Your appliances will run more cheaply.

If you lower your water heater to 130 degrees, you can still kill germs with the heat. Do your laundry in cold water. Your clothes will last longer and you will save money in your water bill.

Find more energy savers at Bankrate.com

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