Renters and homeowners both groan at the same issue every month: paying the electric bill.
The U.S. Department of Energy says the average American pays over $2,000 every year for electricity, so it’s not hard to see why.
Here’s the bad news: electricity prices show zero signs of decreasing.
“Between 2005 and October of 2015, residential electricity prices increased by 34%,” according to the U.S. Energy Information Administration (EIA).
And states like Colorado experienced electricity rate hikes as high as 67% between that same time.
There are so many factors affecting the rising costs of energy that are completely out of your control. Where you live, the utility company you use, the size of your home — most of these can’t be changed.
So what can you actually do to lower your electricity bill?