Summer temperatures — and inflation — are running hot. Here's how to save money on cooling bills as prices rise (2024)

A pedestrian uses an umbrella to get some relief from the sun as she walks past a sign displaying the temperature on June 20, 2017 in Phoenix, Arizona.

Ralph Freso | Getty Images

Summer's here, and it's a hot one.

Forecasts from the Farmers' Almanac, the National Oceanic and Atmospheric Administration and The Weather Company — the IBM-owned forecasting and tech firm — all say the same thing: This summer is going to be hotter than average.

Meanwhile, U.S. consumers are also dealing with the highest inflation in 40 years, pushing up prices on everything from energy costs to food.In May, energy costs were up nearly 35% from a year earlier, with gasoline and fuel oil contributing the most to that elevated increase. Energy services costs are up 16% year over year, and electricity is 12% higher, according to the consumer price index report for last month.

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That cost squeeze could make if hard for Americans looking to stay cool this summer. Here are some ways to cut down on energy use so you can keep your air conditioner running.

Tips for efficient energy use

Most cooling systems use electricity, so making sure your home is running as efficiently as possible can help you spend less to operate air conditioners and fans, according to Kelly Speakes-Backman, principal deputy assistant secretary for the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy.

First, do some general upkeep to your living space to make sure you're ready to go for the summer months. Make sure to seal any leaks in windows or doors, especially if you're using a window air-conditioning unit.

"This keeps both the hot air out and the cold air in," Speakes-Backman said. You should also clean or replace the filters in air conditioners to ensure your units are working as best they can.

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When you are regularly running fans and air conditioners, you can save money by making sure they're only on or going full blast when you're at home. You can either manually adjust your thermostat between seven and 10 degrees warmer when you aren't home, or use timed electrical plugs or devices with apps that let you set when the air conditioning is running. In addition, you should keep blinds closed, especially in areas of your house that get direct sunlight.

People can also save energy by limiting the use of appliances that raise the temperature in your home and make it harder to cool in the summer. That could mean setting dishwashers to air dry, line-drying laundry, using smaller appliances to cook individual meals and even forgoing gas stoves.

"Grill out if you can," said Speakes-Backman. "The little stuff is what adds up."

Look for financial help on upgrades

Renters should check their lease before making any changes to their home or see if their landlord will help cover costs or pay for certain fixes.

Homeowners may benefit from having a home energy assessment or audit, in which a professional comes to your home and makes recommendations to improve its energy efficiency. They'll often identify the biggest problems first.

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Homeowners should make sure they look at resources that can help with energy costs. There are weatherization programs such as the Energy Star home upgrade , which is available for low-income households and can reduce energy costs by an average of $500 per year, according to the U.S. Environmental Protection Agency.

In addition, there are federal tax credit and utility rebates that can offset the costs of many energy-efficient updates.

Seek out cooling centers

It's important when the heat gets intense to make sure your home is safe, that you are able to maintain an indoor temperature that isn't harmful to health.

If you're not sure you can effectively cool your home or it does get too hot, Speakes-Backman recommends looking up cooling centers, which are air-conditioned places where you can cool off in the summer. People can find one closest to where they live by checking out the National Center for Healthy Housing.

"If it's super-hot, you can't control it," said Speakes-Backman. "Don't push it."

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Summer temperatures — and inflation — are running hot. Here's how to save money on cooling bills as prices rise (2024)

FAQs

Summer temperatures — and inflation — are running hot. Here's how to save money on cooling bills as prices rise? ›

Set your AC's thermostat to 78ºF instead of 72ºF (if you don't mind some heat) and you could lop as much as 18% off your summer cooling costs. Coming into to a hot house? Turning the AC to a colder-than-normal setting won't cool rooms any faster.

How can I lower my cooling bill in summer? ›

Setting your AC as high as is comfortably possible and using a programmable thermostat to increase temperature when you're away could easily decrease your summer cooling bill. For the highest efficiency, set your thermostat to 78ºF instead of 72ºF, and set it to 85ºF when you are away.

What should I keep my AC on to lower my bill? ›

You can trim 10 percent off your energy bill by setting your thermostat by 7 to 10 degrees higher for eight hours a day, the DOE estimates. And don't drop it down to a super-low temperature after being gone all day.

Does keeping the AC at 78 save money? ›

Here are some helpful tips that will keep you comfortable and cut your cooling bill. If you have central air, set your thermostat above 78 degrees (all temperatures cited here are in degrees Fahrenheit). You'll save 5 to 8 percent on cooling costs with each degree above that mark.

What is the best temperature for air conditioning to save money? ›

According to the Department of Energy1, 78° Fahrenheit is the sweet spot for air conditioners to balance energy savings and comfort when people are at home and need cooling. But in reality, this is a question that doesn't have a “one size fits all” answer.

Is it cheaper to cool house at night? ›

Studies have shown that, on average, shutting off your air conditioner at night will reduce your total cooling costs by somewhere around 30% compared to leaving it turned on 24 hours a day. However, this depends in large part on how warm it is at night as well as the humidity level.

What is the most energy efficient temperature to keep your house at in summer? ›

The best thermostat setting for summer is 78 degrees Fahrenheit when you're at home. Energy.gov also suggests raising your thermostat or turning it off entirely when you are away in the summer.

Is it cheaper to keep AC running all day? ›

Yes, we have said that it is usually cheaper to keep your air conditioner on all day, but this is only true if you have it set to the right temperature. This method works when you keep it at a higher temperature (albeit lower than however hot it is outside).

Is it cheaper to keep AC at constant temp? ›

Keeping your home at a constant temperature generally means that your HVAC system will run constantly to meet it. This means that your furnace or air conditioner may run when you're asleep, at work, or out of the house. This wastes more energy than the minimal amount that you might save by having it constantly run.

What makes your AC bill high? ›

Your air conditioning system is one of the biggest culprits behind skyrocketing electric bills. When your air filter is dirty, refrigerant levels are low, your thermostat is faulty or you lack proper maintenance, your A/C system can end up using a lot more energy than it should.

Is 72 too cold for AC in summer? ›

This is more of a personal question, as different people feel comfortable at different temperatures. Since 72 degrees is generally agreed upon to be an ideal indoor temperature, most people would probably still feel comfortable setting their AC units slightly higher than this, perhaps at around 75.

Is it better to keep my 2 AC units at 78 or 80? ›

And, the best spot to do it at is 78 degrees Fahrenheit. According to Energy Star, it's an ideal temperature. 78 degrees keeps you fairly cool and comfortable during the day. It also shouldn't make your electric bill skyrocket.

Which AC temperature is best for an electricity bill? ›

The ideal 'Thermostat Setting'

Setting the thermostat to 24°C (75.2°F) balances comfort and energy efficiency. Using ceiling fans in conjunction with ACs further enhances comfort while conserving energy.

What is the best AC temperature for sleeping in summer? ›

Best AC Temperature for Sleeping

However, many people prefer sleeping in a cool room, which may result in turning the thermostat down rather than up at night. The best temperature for sleeping in summer is said to be between 60° and 67°F.

Does keeping the AC at 72 save money? ›

Turning up the thermostat 7-10 degrees when you're gone can save you between 5-15% on your cooling costs, according to the DOE. When you get back, don't set your thermostat below 78 hoping that your home will cool down more quickly. This isn't efficient and typically just drives up your electrical bill.

What is a good AC temp for summer? ›

It turns out that the best indoor temperature for your home during the summer months is 78 degrees, according to the U.S. Department of Energy.

How to cut energy costs in summer? ›

Tips to Reduce Energy Use

Set your thermostat to 78 degrees or higher, health permitting, and turn your air conditioner off when not at home. Move any furniture blocking vents to be sure air is flowing efficiently. Charge your laptop and cell phone before 3 p.m. or after 9 p.m.

What temperature keeps your bill low? ›

Being smart about your thermostat settings can make a real difference to your energy consumption year-round. By reducing your home's temperature to 68 degrees Fahrenheit and under during winter and about 78 degrees Fahrenheit during summer, you can conserve energy and cut down your energy bills for good.

Does the temperature of the AC affect the bill? ›

Setting your AC temperature higher can result in significant energy savings. Every degree you raise the temperature can translate to about 3-5% reduction in your energy consumption. This can make a noticeable difference in your monthly bills.

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