6. Replace incandescent lights with compact fluorescent lamps (CFLs). Compact fluorescent lamps can save three-quartersof the electricity used by incandescent lamps. During the life span of a CFL, it uses about $22 in electricity. Incandescent bulbs do not last nearly as long as their counterparts. You would need ten incandescent bulbs to equal the life span of a CFL. These ten bulbs will cost you more than $80 in electricity. You would basically be cutting electricity prices in that area down by almost $60.

7. If you are thinking of buying a new refrigerator, don't leave the old one plugged in, in the basement, as a backup for party supplies and liquid refreshment. If you do choose to keep a spare one, you are looking at about $50-$100 in electricity costs a year to do so. As a rule of thumb, purchase one refrigerator that will be of adequate size to encompass all your refrigeration needs.