5 Money-Saving Hacks for Texas Homeowners Heading into the Summer

It’s no secret that the cost of living continues to rise just like temperatures in the Lone Star State, and Texas homeowners are looking for smart ways to stretch their dollars without sacrificing comfort. From Austin to Amarillo, and everywhere in between, these quick hacks can help you save money and keep your home running efficiently.

1. Use a Smart Thermostat (and Learn the ERCOT Peak Times)

As temperatures rise, so can your electric bill without you even realizing it. To prevent this from happening, set your smart thermostat to conserve energy during peak demand hours. ERCOT often offers rebates for reducing use during high-stress periods.

2. Tax-Free Holidays in Texas

While there aren’t any tax-free days for property taxes, Texas does offer a few tax-free holidays throughout the year that can help you save on certain essentials. If you’re planning ahead for the school year or upgrading home appliances, these are great opportunities to shop smart and cut costs.

• Energy Star Tax Holiday from May 28– 30: During this holiday, you can buy, rent or lease ENERGY STAR®-labeled items tax free such as air conditioners, refrigerators, ceiling fans, etc. For more qualifying purchases, click here.
• Sales Tax Holiday from August 8-10: According Texas Comptroller, by partaking in this tax-free weekend, you’ll support Texas businesses while saving money on tax-free purchases of most clothing, footwear, school supplies and backpacks.

3. Shop Electricity Plans Annually

Texas has a deregulated energy market, meaning competition among electricity providers and can lead to lower rates. Compare rates regularly to avoid overpaying with a high auto-renewal plan and take advantage of competitive offers from different providers.

4. Harvest That Texas Sunshine with Solar Incentives

According to Texas Comptroller, Texas has long been a leader in the energy industry with its abundance of fossil fuels and renewable sources generating electricity powering the state. By taking advantage of federal tax credits and local solar buyback programs, you can significantly lower your monthly electricity bill over time.

5. Watch Out for the July 1st Deadline

Behind on your property taxes? The July 1st deadline is quickly approaching, and it is no joke. If you aren’t paid up by then, penalties and fees could increase your bill by up to 20%. Instead of letting this happen, pay off your property taxes to save money on other summer expenses. Not sure if you can pay? Johnson & Starr wants to help. Don’t let property taxes ruin your Texas summer!

The Johnson & Starr team takes our mission seriously – we want to keep Texans in their homes, and it doesn’t hurt to save a little extra along the way! Learn more about the upcoming July 1 penalties here and contact us if you have questions about property tax loans in Texas.