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As part of the PSEG’s Powering Progress vision, the state’s largest utility is committing $1 billion toward energy efficiency investments over the next three years and offering customers money-saving tips to reduce energy costs.

Energy-saving measures, which include rebates for energy-efficient appliances and equipment, are available to all residential and business customers.

In recognition of National Cut Your Energy Costs Day earlier this week, PSE&G also shared five tips to save money and use energy more efficiently.

  1. Lower your thermostat by just 1 degree. You’ll hardly notice the change and may reduce your heating bill by up to 3%. Save even more by lowering your thermostat 2 degrees during the day and 5 to 10 degrees at bedtime, if health conditions permit.
  2. Use a smart/programmable thermostat. Automatically manage your home’s heating and cooling needs. ENERGY STAR estimates that properly used programmable thermostats can save about $180 a year. In addition, PSE&G offers rebates on smart thermostats, which help make it even easier to save energy.
  3. Replace inefficient incandescent light bulbs with LED bulbs. According to the U.S. Department of Energy, lighting accounts for about 15% of the electricity used in the home, and LEDs use approximately 75% less energy and last up to 25 times longer.
  4. Ceiling fans aren’t just for the summer. In the winter, you want the ceiling fan to spin slowly clockwise to push the air upward toward the ceiling. This will circulate warm air near the ceiling, down the walls and toward the occupants in the room.
  5. Seal windows and door frames. Use weather stripping or caulk to seal cracks and prevent drafts. While you’re at it, install draft stoppers beneath doors. You can get them at your local hardware or home improvement store. Also be sure to remove or cover window air conditioners to reduce drafts.

PSE&G customers can discover more ways to save money by going to the company’s Home Energy Analyzer website page. Businesses can go to Bizsave.pseg.com – for information on PSE&G’s commercial & industrial programs.