Your Electric Bills Are Likely to Skyrocket This Summer. Here Are 23 Ways to Save

Your Electric Bills Are Likely to Skyrocket This Summer. Here Are 23 Ways to Save

1 of 24 Alina Bradford/CNET

Stop spending so much on electricity

You've probably noticed that your gas and electric bills have been more costly than usual this year. According to the US Energy Information Administration, these electricity prices are only going to increase more significantly throughout the summer. 

In fact, the EIA estimates the Northeast regions could see a $100 increase in wholesale electricity over last year. And other regions across the country are seeing rising prices too. 

If you're looking for ways to cut down on utility costs, there are plenty of simple measures you can take to lower your energy bills from turning off the lights to doing laundry the cost-efficient way. Here are the top 23 ways to start saving now. 

2 of 24 Chris Monroe/CNET

Use your dishwasher

Dishwashers may use electricity, but they save more energy, money, water and time than washing dishes by hand.

According to the California Energy Commission, using an Energy Star-qualified dishwasher instead of hand washing can save you 5,000 gallons of water and $40 in utility costs each year, on average, not to mention 230 hours of your time.

3 of 24 Alina Bradford/CNET

Air-dry your dishes

Opt out of the heat-dry cycle on your dishwasher. Instead, crack open the door and let your dishes air-dry. If your dishwasher has an air-dry option, use that instead of heat-dry. 

Air drying plates can reduce your dishwasher's energy use by 15% to 50%, according to the California Energy Commission.

4 of 24 Chris Monroe/CNET

Get 'em clean

These dishwasher tips won't save electricity if you have to repeat loads because the dishes just won't get clean. That's why you need to make sure to load the dishes correctly.

For example, you should place plates in the bottom rack, bowls on the top rack and cups upside-down. Pots and other large items should be washed separately.

5 of 24 Taylor Martin/CNET

Use a fan

If you live in an area of the world where the summers are hot, turn on your ceiling fans instead of touching the thermostat. Using a ceiling fan can make a room feel 10 degrees Fahrenheit cooler, and a fan uses 10% of the energy that a central air conditioner does, according to the US Natural Resource Defense Council.

6 of 24 Alina Bradford/CNET

Use a smarter bulb

If you haven't switched to LED lighting, now is the time. The US Department of Energy says that LED bulbs use at least 75% less energy -- and last 25 times longer -- than incandescent lighting. That equals a lot of savings over time.

7 of 24 Chris Monroe/CNET

Use motion to stop waste

If you're constantly following family members from room to room and turning off lights behind them, a little automation can save you time and money. One solution could be motion detectors, like GE's LED Plus lineup or Ring's smart outdoor lights. They turn on when they sense someone's in the room and turn off when no movement is detected.

8 of 24 Sarah Tew/CNET

Turn off the burner a little early

According to the California Energy Commission, if you turn off the burner early, the stove will release enough heat to finish up whatever you're cooking and save electricity. This tip works for most dishes, though there are a few exceptions.

9 of 24 Tyler Lizenby/CNET

Keep your oven closed

Every time you open an oven door while cooking, the internal temperature can drop 25 degrees Fahrenheit. The oven then has to use more electricity to bring the temperature back up. To save electricity, peek through the window and rely on the oven's light instead of opening the door.

12 of 24 Chris Monroe/CNET

Use a smart plug

You may think that your electronics and appliances are energy-efficient, but you might be using more electricity than you think.

The TP-Link Kasa Smart Wi-Fi Plug Mini is a gadget that plugs into your wall; you can schedule it to turn your electronic devices on and off automatically.   

13 of 24 Sarah Tew/CNET

Put it on standby

Putting your electronics on standby saves more money than leaving them on 24/7, but it still uses a substantial amount of electricity. 

According to the US Department of Energy, electronics on standby account for 10% or more of your electricity bill.

14 of 24 Chris Monroe/CNET

Better yet, get a strip

One of the best ways to control these power wasters is by plugging them into a power strip or a smart outlet like the TP-Link Kasa Smart Wi-Fi Power Strip. 

Just switch the strip off or use the smart switch's app to turn off electricity guzzlers when you go to bed or you're not home. 

16 of 24 Tyler Lizenby/CNET

Check your thermostat location

While you're considering a programmable thermostat, check your current thermostat's location. It could be on the wrong wall.

Drafts, direct sunlight and other factors can trigger your AC or furnace to kick on when it doesn't need to. Here's the perfect place to put your thermostat.

17 of 24 Alina Bradford/CNET

Baby your dryer

The California Energy Commission says that dryers use approximately 6% of a home's total electricity usage. You can help your dryer work more efficiently by keeping it clean, and emptying the lint trap after each load is one of the most important things you can do to stop a dryer from working harder than necessary. 

Here's more on how to deep-clean your dryer  and your dryer vent.

18 of 24 Chris Monroe/CNET

Go cold

Start using cold water when you wash laundry. Why? Because 90% of the electricity used to wash a load goes toward heating the water, according to Consumer Reports. 

The Alliance to Save Energy also says washing clothes in cold water can save you $63 a year on electricity bills. Most detergents are designed to work better in cold water, anyway, so this is an easy swap to make.

22 of 24 Alina Bradford/CNET

Switch out your showerhead

Switching to a 2.5-gallon-per-minute (low-flow) showerhead and taking a 10-minute shower not only saves you 5 gallons of water over taking a bath, it also saves up to $145 each year in electricity, according to Energy Star.

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Your Electric Bills Are Likely to Skyrocket This Summer. Here Are 23 Ways to Save

Your Electric Bills Are Likely to Skyrocket This Summer. Here Are 23 Ways to Save

1 of 24 Alina Bradford/CNET

Stop spending so much on electricity

You've probably noticed that your gas and electric bills have been more costly than usual this year. According to the US Energy Information Administration, these electricity prices are only going to increase more significantly throughout the summer. 

In fact, the EIA estimates the Northeast regions could see a $100 increase in wholesale electricity over last year. And other regions across the country are seeing rising prices too. 

If you're looking for ways to cut down on utility costs, there are plenty of simple measures you can take to lower your energy bills from turning off the lights to doing laundry the cost-efficient way. Here are the top 23 ways to start saving now. 

2 of 24 Chris Monroe/CNET

Use your dishwasher

Dishwashers may use electricity, but they save more energy, money, water and time than washing dishes by hand.

According to the California Energy Commission, using an Energy Star-qualified dishwasher instead of hand washing can save you 5,000 gallons of water and $40 in utility costs each year, on average, not to mention 230 hours of your time.

3 of 24 Alina Bradford/CNET

Air-dry your dishes

Opt out of the heat-dry cycle on your dishwasher. Instead, crack open the door and let your dishes air-dry. If your dishwasher has an air-dry option, use that instead of heat-dry. 

Air drying plates can reduce your dishwasher's energy use by 15% to 50%, according to the California Energy Commission.

4 of 24 Chris Monroe/CNET

Get 'em clean

These dishwasher tips won't save electricity if you have to repeat loads because the dishes just won't get clean. That's why you need to make sure to load the dishes correctly.

For example, you should place plates in the bottom rack, bowls on the top rack and cups upside-down. Pots and other large items should be washed separately.

5 of 24 Taylor Martin/CNET

Use a fan

If you live in an area of the world where the summers are hot, turn on your ceiling fans instead of touching the thermostat. Using a ceiling fan can make a room feel 10 degrees Fahrenheit cooler, and a fan uses 10% of the energy that a central air conditioner does, according to the US Natural Resource Defense Council.

6 of 24 Alina Bradford/CNET

Use a smarter bulb

If you haven't switched to LED lighting, now is the time. The US Department of Energy says that LED bulbs use at least 75% less energy -- and last 25 times longer -- than incandescent lighting. That equals a lot of savings over time.

7 of 24 Chris Monroe/CNET

Use motion to stop waste

If you're constantly following family members from room to room and turning off lights behind them, a little automation can save you time and money. One solution could be motion detectors, like GE's LED Plus lineup or Ring's smart outdoor lights. They turn on when they sense someone's in the room and turn off when no movement is detected.

8 of 24 Sarah Tew/CNET

Turn off the burner a little early

According to the California Energy Commission, if you turn off the burner early, the stove will release enough heat to finish up whatever you're cooking and save electricity. This tip works for most dishes, though there are a few exceptions.

9 of 24 Tyler Lizenby/CNET

Keep your oven closed

Every time you open an oven door while cooking, the internal temperature can drop 25 degrees Fahrenheit. The oven then has to use more electricity to bring the temperature back up. To save electricity, peek through the window and rely on the oven's light instead of opening the door.

12 of 24 Chris Monroe/CNET

Use a smart plug

You may think that your electronics and appliances are energy-efficient, but you might be using more electricity than you think.

The TP-Link Kasa Smart Wi-Fi Plug Mini is a gadget that plugs into your wall; you can schedule it to turn your electronic devices on and off automatically.   

13 of 24 Sarah Tew/CNET

Put it on standby

Putting your electronics on standby saves more money than leaving them on 24/7, but it still uses a substantial amount of electricity. 

According to the US Department of Energy, electronics on standby account for 10% or more of your electricity bill.

14 of 24 Chris Monroe/CNET

Better yet, get a strip

One of the best ways to control these power wasters is by plugging them into a power strip or a smart outlet like the TP-Link Kasa Smart Wi-Fi Power Strip. 

Just switch the strip off or use the smart switch's app to turn off electricity guzzlers when you go to bed or you're not home. 

16 of 24 Tyler Lizenby/CNET

Check your thermostat location

While you're considering a programmable thermostat, check your current thermostat's location. It could be on the wrong wall.

Drafts, direct sunlight and other factors can trigger your AC or furnace to kick on when it doesn't need to. Here's the perfect place to put your thermostat.

17 of 24 Alina Bradford/CNET

Baby your dryer

The California Energy Commission says that dryers use approximately 6% of a home's total electricity usage. You can help your dryer work more efficiently by keeping it clean, and emptying the lint trap after each load is one of the most important things you can do to stop a dryer from working harder than necessary. 

Here's more on how to deep-clean your dryer  and your dryer vent.

18 of 24 Chris Monroe/CNET

Go cold

Start using cold water when you wash laundry. Why? Because 90% of the electricity used to wash a load goes toward heating the water, according to Consumer Reports. 

The Alliance to Save Energy also says washing clothes in cold water can save you $63 a year on electricity bills. Most detergents are designed to work better in cold water, anyway, so this is an easy swap to make.

22 of 24 Alina Bradford/CNET

Switch out your showerhead

Switching to a 2.5-gallon-per-minute (low-flow) showerhead and taking a 10-minute shower not only saves you 5 gallons of water over taking a bath, it also saves up to $145 each year in electricity, according to Energy Star.

---

Source

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This Common Cooking Habit Is Ramping Up Your Electric Bill

This Common Cooking Habit Is Ramping Up Your Electric Bill

This story is part of Home Tips, CNET's collection of practical advice for getting the most out of your home, inside and out.

It's summer, and Americans are dealing with rising inflation, high gas prices and now, skyrocketing electric bills. With all of that going on, you might be looking for ways to cut down on your spending at home. Look no further than your stovetop. While using the stove probably seems foolproof, you might be missing a simple thing that can save you money on your electric bill over time: Matching your pot size to the burner size.

Turns out putting a small pot on a large burner is probably costing you. The American Council for an Energy-Efficient Economy found that putting a 6-inch pan on an 8-inch burner, for example, wastes over 40% of the heat created by the burner. Using the right size pot or pan can actually save you around $36 a year if you use an electric range and $18 a year for a gas range.

Read more: Best Nonstick Frying Pans, Tested and Reviewed

Another cooking tip that can save you money: If you keep a lid on your pans while cooking, you can set a lower temperature on your stove, and can decrease your energy use by up to 66%. 

So the next time you shop for pots and pans (check out our picks for the best cookware sets, the best stainless steel skillets and the best Dutch ovens), make sure you buy them in sizes that correspond with your burner sizes. Until then, try to match your pot size to burner size as closely as possible.

For more ways to save money at home, check out how much you can save by unplugging your unused appliances, shopping online instead of at the grocery store and buying meal kits instead of groceries. 

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EV tax credits: Manchin a no on Build Back Better bill, putting $12,500 incentive in doubt

EV tax credits: Manchin a no on Build Back Better bill, putting $12,500 incentive in doubt

President' Biden's Build Back Better bill is on life support following comments from West Virginia's Democratic Senator Joe Manchin. During an interview on Sunday, the senator said he plans to vote no on the spending plan, which includes a $12,500 refundable tax credit for electric vehicle purchases. With Manchin's decision seemingly final, it's unclear where the bill goes from here. Biden needs every Democrat in the Senate to vote for the measure with the party's slim majority. Read on for the latest.

Is the EV tax credit amount increasing?

As of Dec. 19, it's a solid maybe. The Build Back Better bill includes a $12,500 EV tax credit, up from the current $7,500 available to qualifying cars and buyers. Its inclusion comes as the bill sheds multiple other elements to compromise with various Democrats, though the bill could wind up dead in the coming weeks after Manchin's comments.

Here's how the proposed changes shake out, and keep in mind, they may change yet. The base amount remains $4,000, as it is today, with another $3,500 available if the EV's battery pack includes at least 40 kilowatt-hours of capacity. In the case of plug-in hybrids, the gas tank cannot exceed 2.5 gallons. This is for cars placed in service before 2027. Now comes the $5,000 boost. EVs and consumers will be able to qualify for another $4,500 in the tax credit if an automaker makes the EV in the US with a union workforce. Another $500 comes into play for automakers using a US-made battery, for a maximum of $12,500 available. Today, the only car that would qualify for anywhere near the full proposed credit is the Chevrolet Bolt EV and Bolt EUV. This provision would, notably, exclude Tesla and even the Ford Mustang Mach-E, since it's assembled in Mexico.

In other changes made last week in the House, Democrats increased the price cap for qualifying EVs. The new language allows for vans, trucks and SUVs with a manufacturer's suggested retail price of up to $80,000 to qualify for the $12,500 credit. Previously, the initial framework set a limit of $64,000 for vans, $69,000 for SUVs and $74,000 for pickup trucks. 

The Democrats also reduced income eligibility to claim the full credit. Single filers with adjusted gross annual incomes of $250,000 or more, or joint filers with AGIs of $500,000, will not be eligible for the full credit. The dollar figures are down sharply from $400,000 for single filers and $800,000 for joint filers.

The US House passed the bill back on Nov. 19 with these EV tax credit changes, but it's sat in the Senate since then. Despite discussions and president working with moderate Democrats such as Manchin, it appears it's not enough. Biden needs every single Democrat to vote yes on the bill, which would allow Vice President Kamala Harris to break a tie in the senate. There is no Republican support for the bill. The president remains keen to incentivize EV purchases as part of a $555 billion investment into actions to combat climate change, also part of the bill.

Democrats hoped to hold a vote before Christmas on Build Back Better in the senate, but that's really in limbo now.

Is the EV tax credit refundable or nonrefundable?

Currently, the tax credit is a nonrefundable credit when you file your taxes. That means that the government does not cut you a check for $7,500 -- all it does right now is reduce your federal tax bill. 

However, the latest version of the Build Back Better bill with new House language turns the EV tax credit into a refundable one. With this change, it wouldn't matter if an EV buyer owes the feds or not -- anyone who buys an EV will be potentially eligible for at least $4,000 in their pocket. The change would move the tax credit much closer to a point-of-sale incentive, and with the right qualifying EV, buyers could receive a max of $12,500 back from the government for buying a battery-powered car.

What if I owe money at tax time when claiming the credit?

Until we know if the Build Back Better bill passes both chambers, this is the best-case scenario, actually. The EV tax credit is currently a nonrefundable credit, so the government does not cut you a check for the balance. Let's say you owed the federal government $10,000 in taxes when filing your 2021 taxes. Let's also say you purchased a Ford Mustang Mach-E in 2021, which is eligible for the full $7,500 credit amount. Your federal tax balance would then fall to $2,500 owed. If you owe under $7,500, the EV tax credit would wipe that away entirely to a $0 balance, even if it takes care of the tax bill and then some. Presently, purchasing an EV can wipe away tax bills, but it does not put cash directly into your pocket. Keep that in mind if you're someone who typically receives a federal refund when filing taxes.

However, with the latest changes, the credit would become a refundable credit. So, using our Mustang Mach-E example, let's say you owed $1,000 in federal taxes and purchased the electric SUV. It's still eligible for the $7,500. The updated EV tax credit would provide you $6,500 back in your pocket at tax time.

Why is my Tesla not eligible for the tax credit?

Tesla is by far the largest EV maker in the US today. However, those who purchase an EV from the automaker will not be eligible to claim the car on their taxes. That's because the current law for the credits phases them out after a particular automaker sells over 200,000 qualifying vehicles. In Tesla's case, it sold its last qualifying vehicle back in 2019, leaving no additional tax credits to take advantage of. The same goes for General Motors. A Chevy, GMC, Buick or Cadillac EV is not eligible for the EV tax credit as of today. The automakers continue to lobby for new legislation to make credits available to them once again.

Changes to the EV tax credits would again open the door to Tesla's eligibility, and to GM's. The changes would also keep these credits open for 10 years, with eligibility for any EV in the first five years. During the last five years, the credits would only apply to US-made EVs. In other words, Tesla and Tesla buyers would benefit greatly from the Build Back Better bill.

What is the EV tax credit?

Internal Revenue Code Section 30D provides a tax credit to any person who purchased a qualifying EV during the year. It includes passenger vehicles and light-duty trucks. The credit first came to life with the Energy Improvement and Extension Act of 2008, and amendments came with the American Recovery and Reinvestment Act of 2009. The latter really gave us the tax credits as we know them today.

As it stands, the credit provides up to $7,500 in a tax credit when you claim an EV purchase on taxes filed for the year you acquired the vehicle. So, if you bought an EV this year, in 2021, you would claim the purchase when filing your 2021 taxes next year.

How do I get the full $7,500 tax credit today?

The Internal Revenue Service's Form 8936 is how you calculate how much money back you'll receive, which you'll need to fill out and file with your taxes. Every vehicle with a plug earns a minimum of $2,500 from the EV tax credit -- that includes a plug-in hybrid, not just a totally battery-electric vehicle. The vehicle must include at least 5 kilowatt-hours worth of power from its onboard battery. However, the government adds money to the credit for each additional kWh worth of energy packed into a battery. For every extra kWh, the tax credit increases by $417. This is where the dollar figures can shift around since it depends on the vehicle, not your finances.

For example, a Kia Niro plug-in hybrid is eligible for $4,543 from the tax credit, due to its battery size. PHEVs often have smaller batteries than EVs, since they share powertrain efforts with an internal-combustion engine. But, the Kia Niro EV is eligible for the full $7,500 tax credit because of its larger battery size. The government caps the credit at $7,500 maximum. Even for EVs with giant batteries, they aren't candidates for more money. In most cases, pure EVs are the target cars for the total cash back from the tax credit.

The qualifications will change with the Build Back Better bill, but we'll need to wait to see what the final changes are.

Do EVs have federal subsidies?

Biden's proposed American Jobs Plan included $100 billion in subsidies for EV buyers. However, on June 24, the president agreed to a bipartisan effort that does not include these subsidies. Subsidies then made their way into early language of what became Biden's Build Back Better bill, but they are not included any longer.

Are used electric cars eligible for the tax credit?

Like leasing an EV, buying a used electric car also does not allow you to claim the traditional EV tax credit in any way. But, the Build Back Better bill would change this. Right now, the bill includes a $2,000 credit for used EVs at least two years old that cost under $25,000. There's an extra $2,000 available if the EV includes at least a 40 kilowatt-hour battery for a total of $4,000 available for qualifying EVs.

Can I lease an EV and claim the tax credit?

There is no tax credit if you decide to lease a new electric vehicle. Instead, the tax credit actually goes back to the automaker or lender financing the leased vehicle. To earn the tax credit benefit yourself, you need to purchase an EV -- not lease one.

What are the state EV credits and incentives?

Many states and even local governments looking to speed up EV adoption rates offer their own incentives. California is a leader in incentivizing EV purchases with a direct consumer rebate up to $4,500, for example, through the Clean Vehicle Rebate Project. There is currently a waitlist for applications, however. Colorado, Washington and New England states also offer some generous state incentives that you can combine with the federal EV tax credit. Even your local utility company may subsidize an EV purchase.

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