5 Ways to Cut Your Energy Costs in 2024

Photo Credit:

fizkes/Shutterstock

If you’ve noticed that your utility bills are on the rise, you are not alone. According to the U.S. Energy Information Administration, the average electric bill for U.S. residential customers in 2022 was $137 per month — a total of $1,600 a year. Despite these steep prices, there area number of things you can do to proactively reduce energy costs and increase efficiency.

January 10th is National Cut Your Energy Costs Day, and we couldn’t think of a better reason to come up with an action plan. Here are five tips for getting started:

  1. Schedule a home energy audit. A home energy audit is akin to a physical health checkup for your home. A certified energy auditor can inspect your home and conduct diagnostic tests to make recommendations for making your home a more efficient, comfortable and healthy living space. Whether it’s identifying faulty window seals or recommending more efficient fixtures, an energy auditor can help you uncover what may be draining unnecessary energy from your home. You can find an auditor via the U.S. Department of Energy Home Energy Score program, the Building Performance Institute, or your local power company. While most     audits come with a fee, some local utility companies will offer an audit for free.
  1. Turn down the lights. Keeping the lights on in your home can account for up to 15% of a home’s energy usage. To cut down on costs, switch to LED lighting throughout your home, especially products with the Energy Star label. Make sure to turn off lights when you are not using them. You can also consider installing dimmer switches that allow you to save electricity (while setting the mood). After making these changes, monitor your monthly electric bill for savings and make additional adjustments as needed.
  1. Unplug unused appliances. How many appliances do you have plugged in that you don’t use on a regular basis? Think coffee makers, charging cables, cable boxes, toasters, etc. These “vampire” appliances are wasting electricity when they’re not even being utilized. Unplugging them — or leaving them plugged into a power strip that you can switch off — can quickly add up in energy savings. When an appliance can’t be unplugged, like a thermostat, for example, you may be able to use eco mode, which will shut off or go into sleep mode when a certain temperature is reached or you are away.
  1. Scale back on hot water. You may be surprised to learn that hot water accounts for an estimated 20% of home energy use. One easy way to cut down on hot water consumption is to wash your clothes in cold water, especially since most detergents are designed for 65 degree water temperatures. While taking a cold shower isn’t everyone’s cup of tea, another suggestion is to turn down the resting temperature of your water heater. Most water heaters are preset at 140 degrees, 20 degrees above the Department of Energy's recommendation. When using your dishwasher, look for the eco mode, which reduces the amount of hot water used as well.
  1. Sign up for Community Solar. One of the most impactful ways to cut down on your energy costs is by signing up for Community Solar. In fact, Community Solar customers save an average of 15% per month, savings that can add up quickly. Community Solar is an excellent way for an entire community to have access to the benefits of solar energy without any equipment, installation or change to your rooftop needed. Community Solar subscribers continue receiving electricity from their utility company so there’s no interruption in service. The energy generated by the community solar facilities is sent directly into the local power grid, thereby increasing the total amount of clean energy available to the area. Signing up is easy and can be done here.

The New Year is a prime opportunity to start thinking differently about energy consumption and cutting down on rising energy costs. Remember, every effort towards energy efficiency matters, and all of these changes can make an impact in both the short and long term. So, think about your habits and take proactive steps to save energy and money while creating a more sustainable future.  

Keep your finger on the pulse

Subscribe to our newsletter to get the latest sustainability news and product updates from Altus Power.  

By subscribing you agree to with our Privacy Policy.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Photo Credit:

Community Solar

Powering New York State With Community Solar

The state of New York is committed to making solar energy accessible and affordable for all. We are proud to play a role in that progress as we continue expanding our Community Solar presence and serving customers in the Empire State.

The Altus Power Team
April 22, 2024
2
min read

Photo Credit:

Altus Power

Community Solar

What Is Community Solar?

If you’re curious about Community Solar, you’ve come to the right place. Here at Altus Power, we are leading the way towards a more sustainable future by offering Community Solar to homeowners and renters in multiple states across the country.

The Altus Power Team
January 29, 2024
3
min read

Photo Credit:

Industry Analysis

AI and Sustainability: 3 Lessons Learned From CES 2024

Now that CES 2024 is a few days behind me, I’ve had some time to reflect on everything I saw and heard during my trip to Las Vegas. Not only did I have the opportunity to experience the trade show floor and take in the wide range of sustainability innovations featured at the show, but I also had the honor of representing Altus Power on a panel about AI and sustainability alongside industry leaders: Rene Lammers from PepsiCo, Aviad Almagor from Trimble and moderator Ariana Stolarz from Accenture. Here are three themes that emerged from this lively conversation.

Julia Sears
January 22, 2024
4
min read

Photo Credit:

Industry Analysis

The State of Clean Energy: A 2023 Recap and What’s Ahead for 2024

We're in a moment of huge growth in renewable energy. Check out our latest post for highlights from 2023 and a look ahead for 2024.

The Altus Power Team
January 5, 2024
4
min read

Photo Credit:

Unsplash

Altus IQ

Companies That Prioritize Decarbonization Are Winning the Game

Earlier this year, Forbes released a list of 100 "Net Zero Leaders" — companies like CBRE who are both "leading the transition to a low-carbon economy by 2050" and changing their business models to meet sustainability targets. Getting on a list like this — or striving to — isn't just about good PR. (Though that doesn't hurt either, of course.)

Julia Sears
December 5, 2023
3
min read

Photo Credit:

Pexels

Altus IQ

Spreading the Sunshine: How Solar Energy Is Empowering Commercial Companies to Transform Communities

In order for America to have a chance at hitting global climate targets, the commercial sector needs to ensure that its power is electric and clean. In short: the future of net zero depends on solar-forward commercial that transforms communities.

Lars Norell & Gregg Felton
December 5, 2023
3
min read

Photo Credit:

Altus

Community Solar

A Greener Future For NJ Starts With Community Solar: Here's What You Need to Know

After a successful two-year pilot program, the New Jersey Board of Public Utilities recently established a permanent Community Solar Energy Program designed to provide more New Jersey residents — especially from low- and moderate-income households — greater access to clean energy and significantly lower utility bills. The new program will support enough solar to enroll about 30,000 subscribers across the state. 

Altus Power Team
December 5, 2023
5
min read
View all