5 Ways to Save Money and Conserve Energy in 2023

Smart thermostat installed on a wall just outside the bathroom
Smart thermostats can save you, on average, up to $180 per year on heating and cooling. (DepositPhotos)

Eating healthier and getting in shape, quitting smoking and saving money are some popular New Year’s resolutions, but long-term problems don’t have instant fixes, and that’s why so many people get fed up and break their resolutions.

The truth is, to get fit and trim, you may have to purchase a gym membership or exercise equipment; to quit smoking, you may have to enroll in a program that weans you off cigarettes; and to save money in the long run you may have to make some investments, like replacing old home appliances with energy-saving ones.

Here are tips to save money on energy this year and in the years ahead — best of all, they fit every budget!  

Man wearing a mask and gloves while installing mineral wool insulation in the attic
Most homes could use some extra insulation.

1. Get more insulation

Insulation is your home’s best defense to keep cold air outside your living spaces during the winter and hot air outside those spaces during the summer.

If nothing ever went wrong, insulation would last just as long as the manufacturer describes — which could be 100 years, or the life of the building.

But that’s not realistic. Contact with moisture and pests can quickly degrade insulation and require it to be replaced.

Check your attic — you may be surprised to see less insulation than there was before, due to damage. If you can see the ceiling joists, it’s definitely time to visit your local home center for more insulation.

Watch: How Much Attic Insulation Do You Need?

Power strip with multiple electronic devices plugged in
Using a simple power strip, and flipping the switch to power off unused devices, is an easy way to save energy. (DepositPhotos)

2. Stop Energy Vampires

Did you know that turning off your TV or computer doesn’t cut the power running to the device? Or that leaving a charger plugged in an electrical outlet, even without a phone attached, still uses energy?  

Electronic items that suck up power even when not in use are often called energy vampires. Despite the cute name, the costs are steep — adding at least 10 percent to your monthly utility bill, according to the U.S. Department of Energy.

If you have a light switch that can turn outlets off and on, plug your biggest electronic items (such as TVs and computers) into these switch-controlled outlets, and simply flip the switch when you no longer need the device. That’s the easiest way to stop energy vampires!

Alternatively, you could plug media devices — some of the worst energy-sucking offenders — into a power strip and, again, control their power use with a switch.   

If neither of these is an option, get back to basics: avoid leaving your TV or computer idle; power off the flat screen and put the laptop in sleep or hibernate mode.

Of course, you can also go around the house and unplug devices you’re not currently using.

Electrical bill on a table

3. Consider a Fixed Power Bill

What if you knew exactly how much you’d have to pay for electricity, each month, for a full year? There would be no surprises, and you could easily budget utilities?

It’s possible, thanks to fixed-rate electricity plans.

Many homeowners have reasonable utility bills during the spring and summer, but see major spikes as the weather gets colder in the fall and winter.  

But with fixed-rate plans, it doesn’t have to be that way. The power company just looks at your past electricity use and provides you a fixed amount to pay for the next 12 months.

That’s the upside, but convenience comes with a cost. This is a contract, and you would be billed the difference between actual energy used and the amount paid, if you prematurely canceled the agreement.

Also, you won’t be reimbursed if there’s a power outage or you’re not actually using as much electricity as expected.

Check your local power company to see if this plan is available in your area.

Smart thermostat installed on a wall just outside the bathroom
Smart thermostats can save you, on average, up to $180 per year on heating and cooling. (DepositPhotos)

4. Get a Smart or Programmable Thermostat

If predictable power bills are too risky for you, consider installing a smart thermostat or a programmable one.

Smart thermostats are Wi-Fi compatible and have lots of money-saving features. Depending on the model, they can learn your temperature preferences and self-program; they let you set them remotely with any computer, smartphone or tablet; and they can even sense when you’re away and ease off on the heating and cooling to avoid energy waste.

If a smart thermostat, which ranges from $150-$250 isn’t in the budget, you can upgrade an ancient thermostat to a programmable one without all the bells and whistles.

It’s not Wi-Fi compatible, but you can set different temperatures for weekdays and weekends and it automatically raises the temperature in the summer and lowers it in the winter when you’re away for days.

Best of all? A basic programmable thermostat will just set you back $25 or $50.

5. Get Energy Star Appliances

When you buy an appliance, you’re not paying for just what’s on the price tag; there’s a hidden cost, and that’s how much it takes to operate the appliance.

If you have an old dishwasher, clothes washer or dryer, freezer, refrigerator or dehumidifier, and it’s on its last legs, your best bet — if it’s in the budget — is to purchase a brand-new Energy Star certified appliance.

Look for the Energy Star sticker because it means the manufacturer worked with the U.S. Environmental Protection Agency to save you money.

How much money, you ask? Well, Energy Star appliances don’t cost more than non-certified appliances, and they can save you $100 each year.

Well, that’s it for now. We hope these tips help you save energy (and money) in the new year and beyond.

Do you have special energy-saving tips not listed here? Share them in the comments!


  1. With anything Wifi, you’re dealing with a trade off of convenience for health destroying radiation. I listened to a PhD say that his entire family had headaches and brain fog along with general malaise from all the smart phones, the Wifi routers for the home and their business etc. They took control of their situation by keeping the phones off as much as possible, ran Ethernet to everything that was formerly Wifi and had a landline phone installed. They immediately saw a big difference. Their health improved, headaches went away etc. Now the big thing is 5G, because people want it bigger, better and faster. There’s a major price to pay, folks.

    As far as Energy Star, they don’t always save energy. I had a dishwasher in which I didn’t use rinse aid because that is chemicals that stick to the dishes so water doesn’t. Sounds great, besides the endocrine disrupting cancer causing chemicals ingested every time one eats or drinks from said dishes. I thought I would be good with that model, as it had two optional heated dry cycles. I selected both, the complete cycle took more than 5 hours, and it was a Lake inside at the end. I used towels to dry the dishes, which went in the washing machine, wasting more energy of course. I don’t know how the combined 7 hours between the Dishwasher, Washer and Dryer saves energy in that example. I do, however remember the non energy star dishwashers that would produce bone dry dishes without rinse aid. In an hour.

  2. I had to break down and get a new washer. Well, for one thing, I was getting one to wash my quilt, and do less trips to the laundromat. I purchased one at Lowe’s; it had a good price with a 3-year warranty. Impressed that it used less water in the laundry tub, it looked very clean, compared to before. Best of all? It does not take long to wash! Some washers used to take two hours to wash and dry my quilts, and that is way too long. Now it takes about 24 minutes to wash and dry as long as you set the dryer normally.


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