Financial Education

Standby Power: Unplug & Save

Take a moment to think about every device you have plugged in at home. Now consider how many of those actually need to be.

The truth is, most electronics don’t always have to be attached to outlets. In fact, many of these perpetually plugged-in gadgets still use power when they’re turned off, costing you money you didn’t even know you were spending.

What Is the Standby Power Price Tag?

The average household routinely leaves around 40 appliances plugged in 24 hours a day. The U.S. Department of Energy has estimated that standby power — also known as leaking electricity, phantom load or vampire draw — can account for up to 10% of your annual electric bill. That means you could be throwing over $100 annually down the electrical drain.

What Are the Culprits?

Certain things like refrigerators and DVRs need to stay hooked up, for obvious reasons. However, identifying problem electronics can help you save some money. Older items with manual knobs, switches & dials, didn’t use a lot of standby power. Almost everything these days comes with a digital display. LED lights don’t use a lot of energy by themselves, but if you see a light on when something is turned off, it’s a power sucker. Computers, laptops, TVs, cable boxes, gaming consoles, coffeemakers and iPod docking stations are some of the biggest culprits when it comes to standby power usage.

How Do I Prevent Power Leaks?

The simple answer is to unplug devices when you’re not using them. While this seems like common sense, it can be a little tricky in practice. After all, no one wants to do that with 40 products when they leave for work, then hook them back in when they get home. The idea is to determine what you can unplug and connect those devices to a power strip. That way, you can easily switch all of them on and off as needed. If a daily disconnect is too daunting, consider doing it when you go on vacation or take a weekend getaway.

As you can see, unplugging unnecessary electronics is not only good for the environment, it’s also beneficial for your wallet. Plus, once you’ve gotten into the habit, you can take that extra money and invest it in an America First dedicated savings account, earning dividends instead of letting it slip away through a power outlet.

Joel Hilton

Share
Published by
Joel Hilton

Recent Posts

America First Credit Union Holds 85th Annual Meeting.

Riverdale, UT – April 16, 2024 – The 85th Annual Meeting of America First Credit Union (AFCU)…

3 weeks ago

Celebrating 85 Years of Service

by Thayne Shaffer, President & CEO, America First Credit Union On March 16, 1939, 59…

2 months ago

America First Credit Union is a Forbes Top 100 Best Midsize Employer

FOR IMMEDIATE RELEASE For six years running, America First has been recognized as a great…

3 months ago

America First Credit Union Annual Meeting – 2024

In accordance with America First bylaws, the Board of Directors Nominations Committee has identified three…

3 months ago

America First Credit Union Opens State-of-the-Art Branch in Utah County

New, western Utah County location is built around a tech-centric member experience EAGLE MOUNTAIN, Utah…

4 months ago

The No. 1 credit union SBA lender is hanging out the help wanted sign

Six years ago, when America First Credit Union in Salt Lake City decided to move…

4 months ago