With utility costs steadily rising in the U.S., finding ways to save money on them without compromising comfort or your financial goals. This guide will help you understand utility expenses, cut costs, and earn financial rewards, particularly in electric energy.
With even more electronic appliances to use at home, EVs that can be charged at home and a trend in transitioning from gas to electricity, finding ways to cut down costs in this bill is key to saving at home. Have a look at how to save upon utilities by adapting your home to smart living, leveraging card rewards like FutureCard’s and other tips to reduce your monthly expenses while taking care of the planet.
In simple terms, utilities refer to essential services provided to homes and businesses, including electricity, natural gas, water, sewer, and waste management, to ensure the basic functioning of a household or business.
As these services are necessary for daily living, they are typically supplied by public or private utility companies, and their costs might vary based on usage and location.
Electricity is one of the most important utilities, as it powers appliances, lighting, heating, cooling, and other household devices, including refrigerators, TVs, dishwashers, computers, and chargers.
The electricity bill typically includes charges for the energy consumed (measured in kilowatt-hours, or kWh), delivery fees, and additional charges, such as taxes and fees for renewable energy programs.
The rate can vary depending on whether you are on a time-of-use plan, which charges more during peak hours, or a fixed-rate plan.
Natural gas is mainly used for heating, water heating, cooking, and sometimes clothes drying. In the colder months, especially in areas near NYC, heating costs can represent a large portion of a household's natural gas bill.
However, natural gas is often a less expensive option than electricity. The bills are typically based on the volume of gas consumed, measured in therms or cubic feet. They also include delivery charges, service charges, and taxes imposed by local government entities.
Water and sewer services are mainly used for drinking, cooking, cleaning, bathing, and maintaining household hygiene. Sewer services are responsible for removing wastewater from homes, including water from sinks, showers, toilets, and dishwashers.
On the one hand, water usage is typically measured in cubic feet or gallons. The cost of water is calculated based on the volume of water used, which is recorded by a water meter installed in the home, while the sewer charge is typically linked to water usage.
Steam heating, which is common in areas like NYC, uses a central boiler to generate steam that travels through pipes to radiators in buildings, especially in winter. Bills are typically based on steam usage, measured in pounds or therms, and charged per unit. In some cases, heating is integrated with central systems using boiling water or air conditioning, with costs included in electricity or gas bills.
Internet services provide essential connectivity for communication, work, entertainment, and access to various services, while cable offers television programming, including news, entertainment, and sports channels.
In the US, providers typically offer bundle or individual internet and cable packages. While the internet billing system is typically based on the speed of the connection and data usage, cable bill pricing depends on the package selected. Basic plans offer limited channels, while premium packages include additional channels, on-demand content, and streaming services.
Trash and recycling services are essential utilities that ensure waste is collected, processed, and disposed of properly. In addition, recycling programs help divert recyclable materials from landfills.
The billing system for waste management is generally included in property taxes or rent. However, some private waste management services may charge a separate fee, particularly for additional services like bulk item pickup. The cost may vary based on the size of the property, the amount of waste generated, and whether the service is public or private.
The following tips on how to save on utilities are key to reducing monthly expenses, increasing energy efficiency, and contributing to more sustainable practices.
By adopting energy-saving practices, such as switching to renewable energy sources, consumers can significantly lower their utility costs while reducing their carbon footprint. Using eco-friendly cards, such as FutureCard, is a smart way of saving money since its cashback program offers rewards on most green services and products.
When upgrading appliances, choose Energy Star-rated models, which meet strict EPA efficiency standards. As they use less energy, they help lower utility costs and reduce environmental impact, saving you hundreds annually.
Future’s marketplace features a wide variety of second-hand technology gadgets, allowing users to buy Energy Star-rated appliances with 5-6% cashback.
Combining these energy-efficient appliances with Future’s rewards can help users not only save money on utilities but also acquire long-lasting, high-quality products.
Proper insulation and weatherproofing reduce energy costs and enhance comfort all year round. Insulation minimizes heat loss in winter and keeps your home cool in summer, lowering heating and cooling needs. Weatherproofing seals drafts, ensuring HVAC efficiency.
Improved insulation and weatherproofing have various long-term benefits, including lower energy costs, a smaller carbon footprint, and increased property value.
In other words, homes with stronger energy efficiency are more attractive to buyers and cost less to maintain, making this investment worthwhile over time.
Future’s rewards are perfect for individuals who seek to buy smart home technologies with added benefits, as they will receive 5-6% cashback for making eco-friendly, energy-efficient purchases.
For instance, buying a smart thermostat that optimizes heating and cooling can greatly reduce energy bills, and the cashback rewards make the initial investment even more affordable.
Consequently, pairing smart home upgrades with FutureCard’s benefits ensures you’re saving upfront and in the long run—through both cashback rewards and less expensive utility costs.
Installing renewable energy systems is one of the most effective ways to save money on utilities. It allows you to save money while contributing to a more sustainable future, as you lower greenhouse gas emissions and help combat climate change.
Although the initial investment can be significant, renewable systems can dramatically cut electricity bills. Over time, the savings from reduced utility costs often outweigh the installation expense.
Future Members who sign up for Arcadia’s Community Solar and connect their utility accounts will get 100% cashback on their first month and 10% thereafter. This guarantees significant savings while supporting sustainable living by connecting to local solar farms without the need to make installations, changes, or commitments.
Solar panels are ideal for reducing your carbon footprint while saving money. They harness sunlight to generate electricity, providing a sustainable and cost-effective energy source for your home.
Moreover, solar panels not only reduce reliance on the grid but also increase a property’s value. Despite being high, the initial investment can be offset by the reduced electricity bills.
Installing wind and geothermal systems is another approach to reducing reliance on traditional fossil fuels, providing a sustainable, cost-effective energy solution.
Wind energy systems generate electricity from wind power, significantly cutting electricity bills in windy areas. Geothermal systems leverage the earth’s constant underground temperature to provide efficient heating and cooling for your home, reducing the need for electricity or natural gas.
Water-saving upgrades cut utility bills, preserve natural resources, and support sustainability. With water scarcity rising, efficiency is crucial., and upgrading to water-efficient fixtures reduces usage without sacrificing performance.
In comparison to standard toilets, low-flow toilets use significantly less water per flush—around 1.28 gallons versus the standard 3.5 gallons—helping you save thousands of gallons of water each year.
Similarly, water-saving shower heads limit water flow without compromising pressure, reducing both water and energy costs by lowering the demand for hot water. In addition, many areas offer rebates or incentives for installing water-efficient fixtures.
Investing in leak-detection systems can reduce utility bills and prevent expensive water damage. These systems use smart technology to detect leaks, such as dripping faucets or hidden pipes, which can waste thousands of gallons annually. By connecting to your phone, they help you address issues early, preventing further waste and damage, especially in areas prone to unnoticed leaks like under sinks or behind walls.
Switching to LED lighting saves money through energy efficiency and durability. As LEDs use up to 75% less energy than incandescent bulbs and last longer, they reduce replacement costs and lower electricity bills without sacrificing quality.
Apart from lasting longer and using 75% less energy, LED bulbs also emit less heat, making them safer and reducing cooling costs in warmer months. Moreover, many utility providers offer rebates for switching to LEDs, which further decreases the upfront cost.
Purchasing LED lighting in bulk reduces the cost per unit, and using FutureCard is the perfect choice to save on upfront costs while earning 5-6% cashback rewards for making green purchases.
By combining bulk purchasing with FutureCard cashback, you can lower your utility bills, minimize environmental impact, and be financially rewarded—all at once.
Energy monitoring tools provide real-time insights into power use, helping you identify inefficient appliances and systems. They detect wasted energy and offer efficiency tips, leading to lower energy bills over time.
Tracking energy use offers real-time insights into your home's energy consumption, breaking down usage by appliances or systems. For example, you might find that your air conditioner or lights are using more power than necessary.
These tools can also identify peak usage times, allowing you to shift energy-intensive tasks, like laundry, to off-peak hours when rates are lower. They may send alerts if your usage exceeds a set threshold, prompting you to take immediate action.
Buying energy monitoring tools using FutureCard is a smart way to not only track your energy use but also save money in the long run, as you can earn 5-6% cashback for buying items that promote sustainability.
Ultimately, energy monitoring tools will give you detailed insights into your energy consumption, helping you identify inefficiencies and make adjustments to save money on utilities.
Planting trees on the south and west sides of your home can block direct sunlight in the summer, reducing the need for air conditioning. Conversely, in winter, the same trees can act as windbreaks, reducing heat loss and lowering heating costs.
FutureCard partners with 50.000+ sustainable brands to promote green living and a more sustainable future. This means that you can purchase eco-friendly products and tools to improve your outdoor space, such as energy-efficient irrigation systems or drought-resistant plants.
Utility companies or government providers offer programs—known as utility incentives—to encourage consumers to adopt energy-efficient practices. Such incentives can include rebates, tax credits, or discounts for purchasing energy-efficient appliances, upgrading insulation, or installing renewable energy systems like solar panels.
The main goals are to reduce overall energy consumption, lower utility bills, and promote environmental sustainability. Incentives vary by location and utility provider and may be available for homeowners, renters, and businesses.
Utility incentives for purchasing Energy Star-certified appliances are designed to encourage consumers to buy products that meet high standards of energy efficiency.
These appliances, including refrigerators, washing machines, and air conditioners, consume less energy than conventional models, reducing electricity usage and lowering utility bills over time.
By using FutureCard, you will earn 5-6% cashback for buying energy-efficient appliances while contributing to a greener, more sustainable environment.
Community solar has become an increasingly popular option for eco-conscious users who wish to purchase or lease a portion of a larger solar array located off-site.
They receive credits for the electricity generated by their share of the solar system, which lowers their utility bills without the need for installation.
This is especially beneficial for renters or homes that aren't suitable for rooftop solar, and FutureCard’s partnership with Arcadia offers 100% cashback during the first month for connecting your utility account and then 10% each month, allowing access to a clean, renewable energy source at a fraction of the cost.
By switching to an electric vehicle, you not only save on fuel costs but also contribute to reducing carbon emissions and supporting clean energy initiatives.
To encourage this change even further, FutureCard offers 10% cashback for charging your electric vehicle at charging stations nationwide, from superchargers to local chargers. These rewards help offset the cost of owning an EV, making it more affordable while contributing to green living.
If you are charging your EV at home, you will also get benefits with FutureCard, getting 5% cashback over your total electricity bill.
Learning how to save on utilities not only reduces your monthly expenses but also contributes to a more sustainable lifestyle. Hence, it is crucial to make a few relevant changes, including energy-efficient appliances, water-saving upgrades, renewable energy, and smart habits. The key is to take advantage of available incentives and rewards that will pay off in the long run.
In this context, FutureCard Visa® Debit Card is a comprehensive tool for maximizing earnings while supporting sustainable practices. Get an instant 5% discount on your energy bill just by using FutureCard. Plus, earn up to 5-6% cashback on eco-friendly purchases and utility expenses. You'll also receive 10% cashback when charging your electric vehicle or subscribing to community solar programs.
In the U.S., heating and cooling are the most expensive items, accounting for about 40-50% of energy usage.
The appliances that use the most electricity are HVAC systems (~40-50%), followed by water heaters (~14%), washers and dryers (~13%), lighting (~12%), and refrigerators (~8%.)
Your electric bill can be high even when you're not home due to phantom energy use from devices left plugged in, such as TVs, chargers, and appliances on standby mode. Inefficient appliances, outdated HVAC systems running unnecessarily, or a water heater set to high temperatures may also contribute. Also, a poorly insulated house can cause energy loss.
Yes, unplugging appliances saves electricity, given that many devices draw "phantom" or standby power even when turned off, which can account for 5-10% of household energy use. Unplugging items like chargers, TVs, and coffee makers when not in use can reduce your electric bill over time.
To drastically lower your power bill, upgrade to energy-efficient appliances, seal air leaks, and insulate your home to prevent energy loss. Adjust your thermostat, switch to LED lighting, unplug devices to avoid phantom energy use, and lower your water heater temperature. Using solar panels or off-peak energy rates can further reduce costs.
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