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How to Keep Electricity Costs Down in the Summer

With meteorologists predicting another hot summer ahead, we thought it would be a great time to offer some tips on how to keep electricity costs low without sacrificing too much in comfort. If there’s one thing J.G. Wentworth knows after over 20 years in the future payment purchasing business, it’s the value of every penny earned; with that in mind, here are seven tips for keeping electric bills down in the months ahead.

1) Set your air-conditioning unit to 78°

Neither too hot to be uncomfortable, nor too cold to keep your air conditioning unit churning at all hours, 78° is the temperature many experts recommend to stay cool without it costing you too much money.

2) Check and replace air filters

A clogged air filter will make your air-conditioning unit work even harder to get results. You should examine them at least once a month to see how much dust is clogging them.

3) Consider purchasing ceiling fans

Ceiling fans are a great alternative to expensive air-conditioning units. They use far less electricity and can cool a room effectively.

4) Place plants and shade around the outside of your home

Sunlight streaming through your windows is a major source of heat during summer days. Well-placed plants, and other materials that provide shade, can absorb the sun’s rays and help things your home stay cool.

5) Consider a clothesline

Instead of just trying to negate the power of the sun during the summer, consider using it to your advantage. Clothes dryers use a lot of electricity, and hanging your clothes outside to dry will get the same job done at no added cost on your electricity bill whatsoever.

6) Purchase “energy smart” appliances

Energy smart appliances not only use less power but also might make you eligible for tax credits. Look for official seals on items you are considering purchasing such as a new refrigerator or air conditioner and talk to sales staff for more information.

7) Stop spending so much time at home

Last but certainly not least is the tip that will potentially save you the most money on your home electricity bills: stop spending so much time at home, especially during the day. It is summer, after all, and the last thing you should do is spend it cooped up indoors. So go to the beach, or your neighborhood park, or sit in an air-conditioned library if you just have to cool off – the point is, you could potentially be using no electricity in your home when you do this, and enjoying those terrific summer days.

We hope you’ve enjoyed these tips on keeping your electricity costs low; they are part of our blog series called Money Smarts, where J.G. Wentworth offers wide ranging suggestions to make sure you stretch all your hard-earned dollars as far as they can go. And if you’re considering sell your structured settlement or annuity payments for a lump sum of cash that can get into your hands sooner, please call us anytime at 877-227-4713.