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Fireplaces can theoretically help you save on heating bills if you lower the temperature throughout the rest of your home and heat only a single room that you occupy using the fireplace. However, in most cases, homeowners won’t save any money on heating bills. Gas and electric fireplace inserts could actually lead to a spike in your respective energy bills if you use them frequently, and if you don’t keep up with chimney maintenance and repairs, your traditional masonry fireplace could actually be a source of heat loss in the winter.

Energy-efficient windows are judged on their performance according to a few different factors, including heat transfer, air leakage, light transference, and condensation resistance. If you're unsure whether a window is energy-efficient, look for an ENERGY STAR® label from the U.S. Environmental Protection Agency (EPA). If various products, including windows, meet energy-efficiency standards set by the federal government, the EPA issues this label to help consumers identify energy-efficient products.

Electric bills tend to be lower in spring and fall because people use less electricity during these seasons. Milder temperatures allow for less use of heating and cooling, unlike during winter and summer, which usually bring more extreme temperatures.

Thankfully, LED lights use less electricity than incandescent lights, meaning you won’t spend as much on utility bills by using these light strips. Each 5-meter LED light strip will cost about $3 per year on your energy bill.