How to Reduce Your Monthly Utility Costs in South Dakota?

Ways to Reduce Your Monthly Utility Costs in South Dakota

Utility Costs – When comparing prices in a commercial real estate transaction compare the costs associated with “utility” vs. “other.” Other costs typically not included in the comparison include maintenance fees, such as duct cleaning or painting, water heaters, gas or propane, electricity, telephone service, trash pickup, and security. Divide total utility costs by total commercial expenses to get the fractional percentage of utility costs represented by that cost amount. For instance, if your yearly commercial utility costs are $25k and your commercial expenses are $40k, then your fractional percentage of commercial cost represents 0.26% of your overall commercial cost.


Some of the major categories of commercial utility costs include

water, gas, and electricity, including heating and air conditioning (heating and air conditioning account for about 80% of your monthly utility costs). You should also consider the “levies” you pay for utilities, such as sewer, garbage, and electricity. You may be surprised to know that a large percentage of your total utility costs represents phone and cable services. Many businesses incur other minor charges for things such as garbage pick-up fees, garbage collection, and customer service, which also adds up to a significant portion of our monthly utility costs.


There are many ways to reduce your utility costs

some of which may even be on the expensive side. One of the biggest ways to save money is to “green” your building. This means choosing efficient appliances, air conditioning options, natural ventilation, and other eco-friendly methods of reducing utility consumption. For instance, the energy-efficient gas furnace may cost more at the beginning but will pay for itself in less frequent use because it will take less energy to run. Also, a more environmentally-friendly refrigerant for your washing machines will help you avoid having to waste electricity when you run the washer and dryer more often. Installing energy-saving light fixtures, such as LED lights, in rooms where you expect to use a lot of electricity could also help lower your monthly utility bills.


Another way to trim down your monthly utility bills

and improve your chances of improving your economic status is to improve the overall quality of your life. This means trimming down on unnecessary spending and increasing your savings through better money management and careful budgeting. Some individuals might need to sacrifice a vacation or reduce their current work obligations to reduce their utility expenses, while others could save thousands of dollars per year by taking on a part-time job or pursuing more part-time work. Reducing unnecessary expenses can significantly improve the amount of money that you are bringing in each month, making it easier for you to pay your monthly utility bills.


One of the best ways to save on your monthly utility bills

and improve your economic status is to replace most of your household appliances with energy-efficient models. It would be much better to invest a little extra money towards newer, more efficient appliances than to replace them with old, used appliances that still use a large amount of electricity. When you replace your appliances, you will find that your overall energy consumption has decreased by several percent. By using natural gas or electric heaters instead of natural gas or electric heaters that utilize coal or kerosene, you can drastically reduce your monthly utility costs.


One way to reduce utility costs

and improve your economic status is to make sure that you pay your South Dakota utilities on time. The worse thing that you can do is pay late on your utility bills. Most utility companies charge late fees if a customer misses a payment for three months or more. When you are trying to improve your economic status, the last thing that you want to do is go delinquent on your utility payments. This will also affect your credit score, which will make it harder for you to get loans and credit in the future.

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