Palmyra, Pa. – With electricity rate caps set to expire for many in January, bills are expected to soar by 40 percent. A device called the power saver can cut your electricity bill.
Brian Hoy of Palmyra has the usual gadgets and gizmo’s in his home which need electricity to run.
“We have two refrigerators. We have a freezer. Our air conditioning is electric,” Hoy said.
All of that power added up to big bills for the Hoy’s. A bill from March of 2008 was nearly $400.
Hoy had a power saver installed in his home last December and was shocked to see the savings. Not only did the $450 unit save on kilowatt usage, it also saved the Hoy’s big bucks.
“We went from $395 in March of ‘08 to $135 in March of ‘09,” Hoy said.
David Gumpher of Gumpher Electric installs power savers. The devices are capacitors which store electricity.
“If you compare it to a faucet, the water is here, but it’s not released until you open the valve. The capacitors are doing the same thing,” he said.
Gumpher says it takes about 30 minutes to install a power saver and with savings of anywhere from 8 to 22 percent, he says it pays for itself within a year. The power saver will not help if you have electric heat.
