If you've purchased your appliances in the past 40 years, chances are, they were built with energy efficiency in mind. Energy efficiency typically translates into lower energy bills, which makes these appliances less expensive for you to run and helps you to keep more cash in your wallet each month.
But there are also appliances that could secretly run up your electric bill and drain your bank account. Want to lower your energy costs and your financial stress? Here are 10 common household appliances that could be sucking energy and driving up your costs, even when you're not actively using them.
If you’re over 50, take advantage of massive discounts and financial resources
Over 50? Join AARP today — because if you’re not a member you could be missing out on huge perks. When you start your membership today, you can get discounts on things like travel, meal deliveries, eyeglasses, prescriptions that aren’t covered by insurance and more.
How to become a member today:
- Go here, select your free gift, and click “Join Today”
- Create your account (important!) by answering a few simple questions
- Start enjoying your discounts and perks!
Important: Start your membership by creating an account here and filling in all of the information (Do not skip this step!) Doing so will allow you to take up 25% off your AARP membership, making it just $15 the first year with auto-renewal.
Gaming console
/images/2025/04/05/playing-video-game-on-playstation.jpg)
Do you need another reason to tell the kids to stop playing video games? Their Xbox isn't free to run — it costs approximately $37 annually, according to Payless Power. That might not seem like much, but when you consider that you could be using $37 to help pay down your grocery bill, you may feel a lot better about nagging the kids to turn off the console.
Computer
/images/2025/04/05/businesswoman-working-on-desktop-computer.jpg)
Your computer may be essential for work, but those working remotely may actually be spending money as part of their nine to five. A desktop computer costs up to $233.60 to use annually, depending on energy usage, according to Nexamp. Meanwhile, your laptop is slightly behind it, costing about $32.70 to run each year.
Television
/images/2025/04/05/person-selecting-a-streaming-app-on-a-smart-tv.jpg)
A television isn't necessarily expensive to turn on, but it's also not free. If you watch TV — or just leave it on in the background — for 21 hours a week, Energy Sages says you could be spending $15.54 a year for your TV habit.
Resolve $10,000 or more of your debt
Credit card debt is suffocating. It constantly weighs on your mind and controls every choice you make. You can end up emotionally and even physically drained from it. And even though you make regular payments, it feels like you can never make any progress because of the interest.
National Debt Relief could help you resolve your credit card debt with an affordable plan that works for you. Just tell them your situation, then find out your debt relief options.1 <p>Clients who are able to stay with the program and get all their debt settled realize approximate savings of 46% before fees, or 25% including our fees, over 12 to 48 months. All claims are based on enrolled debts. Not all debts are eligible for enrollment. Not all clients complete our program for various reasons, including their ability to save sufficient funds. Estimates based on prior results, which will vary based on specific circumstances. We do not guarantee that your debts will be lowered by a specific amount or percentage or that you will be debt-free within a specific period of time. We do not assume consumer debt, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Not available in all states. Please contact a tax professional to discuss tax consequences of settlement. Please consult with a bankruptcy attorney for more information on bankruptcy. Depending on your state, we may be available to recommend a local tax professional and/or bankruptcy attorney. Read and understand all program materials prior to enrollment, including potential adverse impact on credit rating.</p>
How to get National Debt Relief to help you resolve your debt: Sign up for a free debt assessment here. (Do not skip this step!) By signing up for a free assessment, National Debt Relief can assist you in settling your debt, but only if you schedule the assessment.
Washer and dryer
/images/2024/06/27/laundry-modern-room-adobe.jpg)
Your clothes have to get clean, but did you know that using an at-home washer and dryer isn't necessarily more affordable than paying per load at a laundromat — though it's certainly more convenient! The average household will spend up to $240 a year in electricity costs to run a washer and dryer, according to Home Guide, and that doesn't even take into account the amount of money you'll spend on water or laundry detergent.
Space heater
/images/2023/09/20/electric-fan-heater-on-floor.jpeg)
A space heater is actually shockingly expensive to run, so don't get any big ideas about saving money by turning down the heat and running space heaters in every room. A space heater will cost you an average of $50 a month in energy costs, according to CNET, and that's per heater. So, if you're running more than one, you'll need to tack an extra $50 on to your monthly bill for each additional heater.
Trending Stories
Water heater
/images/2023/07/23/worker-adjusting-water-heater-temperature.jpeg)
How much do you enjoy those warm showers? Hopefully quite a bit, because your electric water heater isn't cheap. On average, you'll pay $426 a year to run your electric water heater each day. Of course, that number can increase dramatically depending on how many people are in your home, and how long of a shower each one of them takes.
EV home charger
/images/2025/01/17/home_garage_with_ev_charger.jpg)
The electric vehicle may be saving you money in gas dollars, but the charger is running up your electric bill. Kelly Blue Book says that you could see an extra $769.44 added onto your electric bill each year that you use a home charger for your electric vehicle.
Hair dryer
/images/2023/08/10/beautiful-woman-blowdrying-hair-in-bathroom.jpeg)
This might come as a surprise, but a hair dryer uses significantly more energy than you might expect, especially when you consider that you're only using it for a few minutes a day at the most. The Energy Sages say a hair dryer can use $15.54 in energy costs.
Ceiling fan
/images/2023/09/20/ceiling-fan-rotating-at-high-speed.jpeg)
A ceiling fan could help regulate the temperature within your home and aid in saving on cooling costs, but, if you're just using it out of habit, it might be time to turn it off. Home Guide says running your ceiling fan every single day could add an extra $65 a year in energy costs.
Earn cash back on everyday purchases with this rare account
Want to earn cash back on your everyday purchases without using a credit card? With the Discover®️ Cashback Debit Checking account (member FDIC), you can earn 1% cash back on up to $3,000 in debit card purchases each month!2 <p>See website for details.</p>
With no credit check to apply and no monthly fees to worry about, you can earn nearly passive income on purchases you’re making anyway — up to an extra $360 a year!
This rare checking account has other great perks too, like access to your paycheck up to 2 days early with Early Pay, no minimum deposit or monthly balance requirements, over 60K fee-free ATMs, and the ability to add cash to your account at Walmart stores nationwide.
Don’t leave money on the table — it only takes minutes to apply and it won’t impact your credit score.
Air conditioning unit
/images/2025/03/09/air-conditioner-remote-control-adobe.jpg)
Most people probably aren't surprised to learn that an air conditioning unit is likely the biggest culprit when it comes to driving up energy costs and draining your bank account. Depending on size and usage, Home Guide says that your AC could be costing you $270 a month to run.
Bottom line
/images/2025/04/05/woman-read-post-paper-letter-shocked-by-bad-news.jpg)
The best way to stop energy-hungry devices from running up your electric bill and draining your bank account is to replace them with more energy-efficient options.
Not sure how that will fit in the budget this year? Look at balance transfer credit cards or the best credit cards with a 0% intro APR to find a financially savvy way to make the purchase.
Lucrative, Flat-Rate Cash Rewards
Wells Fargo Active Cash® Card
Current Offer
$200 cash rewards bonus after spending $500 in purchases in the first 3 months
Annual Fee
$0
Rewards Rate
Earn unlimited 2% cash rewards on purchases
Benefits
- Low spend threshold for its welcome offer — $200 cash rewards bonus after spending $500 in purchases in the first 3 months
- Cell phone protection benefit (subject to a $25 deductible)
- Can redeem rewards at an ATM for literal cash
Drawbacks
- Foreign transaction fee of 3%
- No bonus categories
- Apply Now to take advantage of this offer and learn more about product features, terms and conditions.
- Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
- Earn unlimited 2% cash rewards on purchases.
- 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers. 19.24%, 24.24%, or 29.24% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
- $0 annual fee.
- No categories to track or remember and cash rewards don’t expire as long as your account remains open.
- Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
Subscribe Today
Unlock the Best Banking Deals and Bonuses
From high-yield savings accounts to cashback checking and sign-up bonuses, we bring you the best banking offers to grow your money smarter.