Want to find out how to save some money this season? If you live in Ontario, you know that utility bills can feel like a weight dragging down your monthly budget. With colder winters, hotter summers and energy costs on the rise, it’s no wonder that folks are looking for ways to save on utilities. However, making your home more efficient doesn’t have to be complicated or expensive. To help you on this journey, we’ve gathered five easy tips to help lower those bills and keep more money in your pocket!
1. Upgrade to a Smart Thermostat
A smart thermostat can be a game-changer for managing your heating and cooling costs. These devices allow you to set schedules and adjust temperatures even when you’re not at home, helping you avoid heating or cooling an empty house. Many smart thermostats also learn your habits, optimizing temperature settings to keep you comfortable without breaking the bank.
Quick tip: Ontario homeowners can often find rebates or discounts on smart thermostats through the Enbridge Smart Thermostat Program, or other seasonal promotions, so make sure you take advantage!
2. Swap Out Incandescent Bulbs for LEDs
Switching to LED light bulbs is one of the simplest upgrades, but it pays off. LED bulbs use about 75% less energy and last 25 times longer than incandescent bulbs, so you’re looking at significant savings over time. This quick switch will not only cut down on your electric bill but also reduce the number of trips to the hardware store.
Quick Tip: Ontario’s Save on Energy program sometimes offers incentives for energy-efficient lighting. Keep an eye on their website, as it’s a good way to get discounts on all kinds of energy-saving products & kits.
3. Seal Up Drafts with Weatherstripping
Did you know that drafty doors and windows are like tiny holes in your wallet? Air leaks can account for 25-30% of heating and cooling losses, but they’re also one of the easiest problems to fix. A little weatherstripping around windows and doors can help seal up those leaks, keeping the cool air in during summer and the cold air out during winter.
Quick Tip: Take a walk around your home on a windy day, and feel for drafts around windows and doors. Many big-box stores offer inexpensive weatherstripping kits and they are simple to install.
4. Install Low-Flow Showerheads & Faucets
If you’re on a metered water system (as many are in Ontario) every drop counts! Low-flow showerheads and faucet aerators can reduce your water usage by 30-50% without sacrificing water pressure. They’re an easy way to cut down on water heating costs, too, since you’re using less hot water with each shower or dishwashing session.
Quick Tip: The Ontario government has partnered with local utilities in some regions to provide free or discounted water-saving kits, so it’s worth checking with your municipality. Even without rebates, these upgrades usually pay for themselves in a few months.
5. Upgrade Your Attic Insulation
A well-insulated attic is like a cozy blanket for your home. Heat rises, and without proper insulation, all that expensive warm air can escape right through the roof. Adding or upgrading attic insulation can make a significant difference, especially during Ontario’s chilly winters. It can keep your home warmer in winter and cooler in summer, which also means your HVAC system won’t have to work as hard.
Quick Tip: The Canada Greener Homes Loan offers up to $40,000 in financing for various energy-saving renovations, including insulation upgrades. These loans offer 0% interest charges and 10-year repayment plans, making an upgrade much less of a financial burden on your monthly budget.
Final Thoughts
These changes may seem simple, but they’re effective. By investing a bit of time and money into energy-saving upgrades, you’ll lower your monthly bills and increase your home’s efficiency. And don’t forget, a more efficient home can boost its market value—something that matters if you’re considering refinancing or selling down the road (which we would be happy to help you with!)
By implementing these simple strategies, Ontario homeowners can significantly reduce their utility bills while enhancing their home’s efficiency. Not only will you save money, but you’ll also make your home more sustainable. We always encourage our clients to consider these aspects of homeownership—they can make a big difference in your overall financial health. Happy saving!
