The modern American home is filled with electronics and appliances. From toasters to gaming systems, from washing machines to hair dryers, we use technology all day, every day in a variety of ways. Tech can make our lives easier, more comfortable, safer, healthier and, when used correctly, more cost-efficient.

There are two primary ways to make your tech work for your bottom line. First, power down your devices and appliances when they’re not in use and second, purchase energy efficient versions of the tech you need whenever possible.

Powering Down

Vampire energy loads, or energy being pulled by devices when they’re not in use, can add around $200 to your annual energy costs. Year over year, those costs add up. In just five years’ time, you’ll have wasted $1,000. It pays to power down anything that has a standby light that remains illuminated even when it is “off.”

You can do this in two different ways. If you’re the diligent type and enjoy doing things as part of a routine, you could set reminders to unplug your devices and power cords when they’re not in use. Make this behavior part of an existing routine and with some consistency it will become a habit you can’t quit.

If you’re likely to forget to take this step or if you’d prefer to let technology take care of itself, invest in a smart power strip. These devices allow you to turn off a handful of related electronics or appliances when a single piece of tech is turned off. They’re great for offices or entertainment centers but can also be used in kids’ rooms or kitchens. Smart power strips range in cost with most strips between $20 and $40. The average cost for a basic, multi-outlet smart power strip is around $30. While the return on investment for a smart power strip is dependent upon the type of devices plugged into it, most strips have a payback period of one to two years.

Purchasing Power

When it comes to purchasing energy-efficient appliances and electronics, the label you’re looking for is ENERGY STAR. This certification from the Environmental Protection Agency indicates that a product is more efficient than its conventional counterparts. You can count on ENERGY STAR technology to save you energy and money over time. A few examples help illustrate this:

• A new ENERGY STAR refrigerator is about 15 percent more energy efficient than the minimum federal standard for refrigerators and can cost you about $50 a year to run, on average.
• A full-size electric ENERGY STAR dryer saves more than $200 in energy bills over the lifetime of the product.
• Washing machine models that have earned the ENERGY STAR label can save nearly $370 in energy costs of their lifetimes.
• Washing dishes in a new ENERGY STAR certified dishwasher rather than hand washing can cut your utility bills by about $130 per year. Handwashing your dishes costs about $1,500 more in energy and water than using an ENERGY STAR certified dishwasher. The lifetime operating cost of an ENERGY STAR certified dishwasher is $447, while the lifetime cost of hand-washing your dishes is $2,012.

Remember the Rebates

In addition to saving money over time by purchasing energy-efficient appliances and technology, you can also receive rebates from local utilities for your investment. If you are a customer of Dominion Energy, you can find available rebates for ENERGY STAR purchases online.

From August 5-7, you can take advantage of the Virginia Sales Tax Holiday to purchase ENERGY STAR appliances for less. Learn more about the purchases that qualify, here.

More To Come

Later this fall, the Office of Environmental and Energy Coordination will host a webinar on smart/energy efficient tech at home and how you can make the most of your electronics and appliances from a convenience, comfort, and cost-savings perspective. Stay tuned for more event information in the coming weeks!