US households behind on their utility bills — Here are 3 simple ways to drop your monthly costs

by Ryan Christensen 11/14/2022

According to the National Energy Assistance Directors Association (NEADA), roughly 20 million households in the U.S. — one out of six homes — are behind on their utility bills.

As of August, these families owe about $16.1 billion in total, with an average amount owed of $788 — and the consequences of this could be dire.

“I expect a tsunami of shutoffs,” Jean Su, a senior attorney at the Center for Biological Diversity, told Bloomberg.

Electricity prices have spiked this year due to the skyrocketing cost of natural gas. According to the Energy Information Administration, natural gas is the biggest source of electricity generation in the U.S.

The Bureau of Labor Statistics reported that September prices for electricity jumped 15.5% from a year ago. And just the month before, this marker recorded its biggest 12-month increase since August 1981.

According to Mark Wolfe, executive director of NEADA, the country is “heading towards a period of unaffordable energy prices.” Wolfe called on Congress to act to increase funding to offset increasing prices.

But if you can’t wait on lawmakers for relief, there are small things you can do to lower your energy bill. Every bit counts.

 

LED lighting

Compared to big household appliances, light bulbs don’t seem like a big deal in terms of energy consumption. But it all adds up.

According to the U.S. Department of Energy, lighting accounts for approximately 15% of an average household’s electricity use.

To lower the lighting portion of your electricity bill, consider LED bulbs. They consume up to 90% less energy than traditional incandescent bulbs and can last up to 25 times longer.

The Department of Energy says by switching to LED lighting, the average household can save about $225 in energy costs per year.

That said, LED bulbs tend to be more expensive to buy than incandescent bulbs. To get the greatest energy savings, look for LED bulbs that are ENERGY STAR-rated.

 

Seal and insulate

It’s going to be an expensive winter, according to the NEADA. The average cost of home heating is expected to increase by 17.8% this winter — averaging $1,208 compared to $1,025 last winter.

This will be the second year in a row of major price increases after a 36% spike last year.

 You might want to consider air sealing your house and adding insulation. The U.S. Environmental Protection Agency estimates that by doing so, homeowners can save about 15% on heating and cooling costs, or an average of 11% on their total energy costs.

You can use caulk for cracks and openings around door and window frames. You can also try weatherstripping to seal movable components such as doors and windows.

 

Line dry your laundry (this one may be difficult during the winter months)

Some clothes require line drying because it’s more gentle to specific fibers. But the technique can also save you money.

A clothesline obviously costs a lot less than a gas or electric dryer. And it costs even less to operate because it relies on the power of sunlight — which is free.

Project Laundry List — a website that promotes the benefits of line drying — says switching to line drying can reduce your electricity bill by more than $25 per month. Plus, sunlight can work as a natural bleaching agent and disinfectant.

About the Author
Author

Ryan Christensen

Responsive, Responsible and Resourceful - How Real Estate Should Be. This is the foundation of our continued success: responsive service, providing accurate and timely information, and demystifying the process. 100% of my business is referral based because I listen to my clients' needs and exceed their expectations. As a full-time real estate broker, I am the best advocate for both my buyers and sellers. I am always available, regardless of the time of day.

 Being a native Southern Californian is a tremendous advantage. I know the area. Time is more valuable than money, but neither can be wasted. And, I'm a fan of hard work. My clients can enjoy their home buying and/or selling experience because I provide a trusting, focused, straightforward approach. I look forward to helping you achieve your goals and find joy in homeownership.

 I am both a licensed Real Estate and Mortgage Broker. Others choose to concentrate on one or the other. I provide a higher level of service and expertise than those who do not obtain this dual skill set, which differentiates me from other service providers. My decisions and advice are based solely on what is in the best interest of my clients. I use Real Estate Sales as a tool to make sure my clients get the home that meets or exceeds their needs. As a Mortgage Broker, I search for the best loans so I can offer lower rates and pricing than my financing competition. This certainly IS in the client's best interest.