We live in a time when comfort typically supersedes all else. Air conditioning is a fairly recent modern convenience that has become a necessity rather than a luxury. If we were to ask anyone over the age of 60 if they grew up with air conditioning, the majority would say they did not and could probably tell you when they remember first hearing about it.
One of summer’s biggest expenses is the increased cost of air conditioning our homes. We keep our thermostat at 80 degrees. I know many people who have said they couldn’t live at that temperature, but we have raised our tolerance for it over time. The result is a much lower electricity bill!
Keeping your air conditioner at 78 degrees or above saves the average household 5%-20% on electricity costs. Bumping up your thermostat by one degree can save you up to 3% on your bill. Try turning your temperature up by one degree for the next two weeks and see if you can adjust. Running ceiling fans or standing fans while you are in a room help stir the air and use less energy than turning the air conditioner down.
What’s the savings?
If the formula for savings is 3% for every degree, then here is an example of how much could be saved.
Kelly currently keeps her thermostat at 75 degrees and you bill is $150 per month. Raising her thermostat to 78 degrees would save her about $14 a month. Over the course of a summer, that could be $50 saved.
What would you do with an extra $50 in September?