Paying for utilities especially your monthly electricity bill makes up a huge chunk of every family’s monthly utility budget and could add up thousands of dollars in a year. So, this is why it is obviously essential to assess how much paying for electricity cost you every month and if you are using too much electricity compared to other homes similar to yours not just in your state but around the country.
This is why in this post, we shall be discussing how much it averagely costs a 3-bedroom home (which is about 2000 square feet here in the US) like yours every month, so you can evaluate if you what you are paying right now for electricity is normal? or if you are using up too much electricity and therefore getting larger electricity bills? and how you can cut down on this cost. To do the math properly though, it is important to understand that cost of electricity vary from state to state significantly and it is also influenced by the size of the house.
Why Your Electric Bill Could Be Out of Control?
Before revealing the numbers, let’s have a conversation about the top 7 factors that could be affecting your electric bill and lead to huge numbers if they are not kept an eye on.
The Size of Your House
Earlier in the discussion, we had hinted to the fact that the size of a home is a that affects how much you could potentially be paying for electricity right? Well, is this statement true? And if it is, why? First off, the answer to the question if the statement is true is yes! why? Quite simply because the size of your home would determine how much heating and cooling you will require to make your home comfortable for the people in it. Also, the more room you have, the more lighting you are likely to have.
The Energy Efficiency of Your Home Appliances and Lighting
The amount of electricity we use up every day is determined by the type of appliances and light bulbs we own and how much power they need to work. The fact is that these days the market is very competitive and so the companies that manufacture them are always trying to make their products more energy-efficient than older models. However, some people can’t afford some of the most energy-efficient lighting and appliances that could assist them to shave off some extra dollars off of their electricity bills.
Phantom Power Usage
When you are out of the house or aren’t using your appliances do you leave them plugged in the power outlet? If you do then you could be fattening up your bill without even knowing. Appliances that are plugged into outlets still use up power even if you turned them off.
Is Your Home Well Insulated?
Have you ever wondered why your home gets really cold inside in the winter and smoldering hot during the summer and you need to keep your heater or air conditioning on and turned almost all day even though the weather isn’t extreme? This could be happening because your home isn’t properly insulated and this problem will reflect on your monthly electricity bill if not resolved.
Poor Maintenance of Appliances
Another often overlooked reason for why you might be getting larger electricity bills is old appliances that aren’t working properly. If you do not have appliances like your water heater, air conditioner, refrigerator, washing machines, and the likes maintained or the parts replaced they become less efficient and consume more energy.
When You Use Your Appliances
A lot of electricity consumers do not know that their utility companies have different rates for different and it could get pretty high at peak hours because the power demand is higher at those times. The consequence of this is that they end up paying more because they use their appliances at hours when the rates are higher.
Utility companies at the end of the day are in business for the profit and because of factors like regulations, cost of purchasing or generating fuels, cost of operations, and more they are forced to increase the cost of electricity.
What Is the Average Electricity Bill?
Now, that we have discussed some of the reasons why you could be paying more, let’s discuss if your bills are normal or exorbitant based on the average cost of 3-bedroom homes like yours. Based on statistics on the average electricity bill for residential homes, compiled and put out by the U.S. Energy Information Administration for the year 2020, the average bill was approximately $119 per month with states like Hawaii, Connecticut, and Alabama having the highest averages while others like Utah, New Mexico, and Colorado having the lowest.
Although these figures by the EIA are actually for just residential homes and not just 3-bedroom homes we were able to estimate based on the figures and other data we found online that the average for homes of this size should be close this range or slightly less because more homes in the US are 3-bedroom houses which averagely occupy 2000 square feet of floor space.
As pointed out earlier, these numbers are helpful to assist you determine if your monthly electricity bill is taking too much of your budget than it should. If it is then the factors that we had highlighted and discussed are the most common reason why you are paying more.
How Can I Save Up on This Cost?
Obviously, the best way to reduce your electricity bill is to use less energy but how could achieve this though and become more energy efficient might not be as obvious.
According to energy experts, the best way to achieve this is to invest in modern power efficient appliances and power-saving light bulbs that are designed to use less power. Learning habits like unplugging your appliances or device from power outlets are also a great way to bring down this cost.
Other solutions include that you should consider are; finding out peak hours and using less energy in those periods, investing in effective insulative materials, and regularly hiring a professional to run maintenance on your home appliances or having faulty parts fixed or changed.