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Ways to save money in your home

Key takeaways

  • Understand where your home uses the most energy so you can focus on changes that cut energy bills.
  • Switch to energy efficient electric appliances to save money on energy bills – especially if you have solar.
  • Use appliances efficiently to reduce energy use at home.
  • Make small adjustments in how you use energy. This could add up to a reduction in usage, which could lower your energy bills.

Do you know where your energy goes?

Knowing where your home uses energy may help you prioritise changes that could deliver the biggest bill savings.

For most households, around 40% goes to heating and cooling, 30% to appliances like fridges and dryers, 20% to hot water and the remaining 5–10% to lighting, cooking and electronics.

We’ll use these categories to explore what you could do in your home to reduce your energy bills.

Heating and cooling tips

Switch to reverse cycle heating and cooling. Consumer advocacy group CHOICE says they’re one of the cheapest ways to heat your home in winter.

Find out more about reverse cycle heating and cooling on our Heating and cooling product page.

Washer, dryer, fridge and freezer tips

When to change: When an appliance breaks down or comes to end of life, you could replace it with an energy-efficient product – especially when it comes to high-energy use items like fridges and washing machines.

Learn about energy efficiency labels: Before you buy a new appliance, understanding the Energy Rating Label system can really help you compare similar appliances. The system works on stars and consumption, where the:

  • more stars, the more energy efficient the product is – the star rating shows how much energy a particular appliance model uses compared to similar products
  • energy consumption figure estimates how much electricity (in kWh) a particular appliance model uses in a year.

Compare: Use the Energy Rating Calculator to find and compare many energy-efficient appliances and brands.

Victorian Energy Upgrade (VEU) program discounts: The Victorian Energy Upgrade (VEU) program offers discounts on certain appliances. Eligibility criteria apply. Visit the VEU website for more information:

Hot water tips

  • Switch to a heat pump hot water system. Heat pumps use 60–75% less electricity than conventional electric hot water systems, so they can help save you money on your energy bills. Find out more on our Heat pump hot water systems product page.
  • Take shorter showers for guaranteed savings. Every long or frequent shower directly increases your energy costs because heating water is energy intensive. Cutting shower time by even a few minutes reduces energy use every single day, not just once.

Lighting, cooking, computer and TV tips

General tips

If you have solar, run high-energy-use appliances like dishwashers and washing machines during peak sunshine hours. And if you’re on a time of use tariff, set these appliances to run when the cost of energy is lowest.

External resources