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How To Save Money on Your Energy Costs This Winter

Posted on December 21, 2023   |   Updated on September 30, 2025
Bryan M. Vance

Bryan M. Vance

Just because it's cold outside doesn't mean you need to spend a fortune heating your home or apartment. (Getty Images/Philippe Gerber)

Just because it's cold outside doesn't mean you need to spend a fortune heating your home or apartment. (Getty Images/Philippe Gerber)

Winter brings colder temperatures, and for many of us, that means higher energy costs. But the U.S. Department of Energy (DOE) estimates as much as 20% of the energy we pay for to heat our homes is wasted due to drafts and other inefficiencies. With a few simple and affordable steps, you can reduce energy waste and save money this winter.

Seal Up Drafts

Insulation helps keep cold air out, and warm air in. But many homes have gaps which allow your expensive heat to slip outside. Conduct a simple energy audit by walking around your home and identifying any spaces where you feel cold, drafty air. Then check for the source.

Turn Down Your Water Heater

Heating water consumes as much as 18% of an average American household’s energy costs. But there’s a simple, safe way to lower those costs: lower the temperature your water heater is set to maintain. Most manufacturers set water heaters to 140 degrees Fahrenheit, but the DOE recommends setting it to just 120 degrees. This shift can lower your overall energy bill by up to 10%! Here’s how to adjust your water heater’s setting (and remember to follow ALL precautions).

Adjust Your Thermostat

Investing in a programmable thermostat is a fantastic way to save on energy costs. Lowering the temperature when you’re not at home, and only setting it to around 68–70 degrees when you are can save you as much as 10% on heating costs, the DOE estimates. Also, lowering the temperature at night can actually help you sleep better.

Use Your Ceiling Fans

Yes, these summer favorites can actually help you feel warmer in winter months. Most ceiling fans have a switch to flip the direction they rotate and how they circulate air. Adjusting it to slowly rotate clockwise can force warmer air to move further down in the room.

Get Cozy

The simplest, easiest step you can take? Dress warmly. Trade out your tank tops and T-shirts for sweaters, sweatshirts, and warm pants. Also, those beautiful blankets you got from your grandma? Now is the perfect time to snuggle up under one on the couch.

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