Renting a property is a great way to save Money long-term, but most rental properties don’t include utilities. Utilities is an added expense to budget for. Renters have to watch the time they do laundry and limit those wonderful hot showers. The great news is you can save money on utilities. Implement these utility-saving techniques to keep more money in the bank.
Add a programmable thermostat
Why pay money for energy that you’re not even home to enjoy? That’s the beauty of installing a programmable thermostat in your rental property or home. By adjusting the thermostat even one degree, you’ll notice a considerable difference in your Energy bills. Most thermostats have a schedule built-in, so you can program what time you leave the house and what time you come home. The temperature will adjust itself when you leave and come back to ensure you’re always comfortable and only using energy when necessary.
In doing your research for a thermostat, find a product that has a downloadable app, letting you control the thermostat anywhere you are.
It’s wise to consult with your landlord or leasing manager before having a programmable thermostat installed. When you do install it, consider using a Velcro backing when adhering it to the wall to take it with you if you move out.
Use energy-efficient bulbs
Energy-efficient light Bulbs are an easy way to save money on your utility bill month after month. Incandescent light bulbs take up a lot of energy and offer low-quality lighting. Replace your property’s old bulbs with energy-saving bulbs that have a certified Energy Star rating. While there will be an upfront cost of replacing bulbs with new ones, energy-saving light bulbs last anywhere from six to 10 times longer than incandescent bulbs. This will help you save money over time on energy bills and replacement costs. Plus, you won’t need to ask your landlord permission to implement this little home upgrade.
Unplug appliances & electronics that aren’t in use
Do you leave your laptop charger cord plugged in all the time? What about that blender that’s sitting on the counter? Even though you’re not using these items or they’re not turned on, they’re still drawing in electricity. Taking a few minutes out of your day to unplug any appliances or electronics that you’re not using can have a positive impact on your utility bill. Plug in counter appliances with a power strip to plug in and unplug appliances at the same time to make it easier.
Heat and cool your home with window coverings
You might not love your window coverings in your rental property, but they are the key to lowering your energy bills. Keep your shades open during the day when it’s sunny out to let natural light and heat into your space. In the winter season, close the shades to keep the heat out of your home.
Caulk around windows
Speaking of windows, if the windows in your rental unit are old, it’s likely the window panes are missing caulking around them. Prevent air from leaking out of windows (a.k.a. energy you pay for) by applying caulk around the window frames and door panels. It’s an easy DIY that can help you save money on your next energy bill.
Skip laundry day to save money on utilities
We don’t literally mean skip laundry day! However, it’s it’s important to maximize on the times you do laundry. It’s more energy-efficient to run full loads of laundry instead of running several partial loads and wasting lots of water. It’s also best to wash in cold water whenever possible to reduce hot water usage.
Take these efforts into consideration and you could save up to 20% a month on your utility bill. If your bills are on average $100 a month, that’s an extra $240 a month in your pocket!
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