Homeowners are constantly looking for ways to save money when it comes to their monthly and annual utility expenses. Now more than ever, there are a wide array of opportunities available to residents of Virginia, Maryland and Washington, D.C., to give their properties energy-efficient overhauls that will pay off both in the long and short term.

With average interest rates on fixed-rate mortgages at or near all-time lows, homeowners are finding that by refinancing their home loans, they can save significantly on their monthly payments. With those savings, they can invest in projects that improve their home's energy efficiency, which will contribute to a monthly decrease in household expenses.

There is also a tax credit available through the federal government that will give homeowners up to $500 back if they have improved their property's energy efficiency over the past year. Congress recently passed legislation that would allow homeowners who undergo such projects in 2013 to enjoy similar tax deductions on next year's forms. This means that if you already filed your taxes for 2012 but started a project to improve your home's efficiency at the end of last year that bled into 2013, you can still get your money back next January.

The energy efficiency tax credit applies to some types of water heaters, furnaces, insulation, windows, roofs, heat pumps, boilers and central air conditioning units. If you choose appliances that feature the Energy Star label, these too may go towards qualifying your household for a tax break.

Living in a small space may be challenging, but we like to take on challenges and make the best of what we have to bring out the beauty in our homes. From a studio apartment in Hoboken to a single-family home with a narrow eat-in kitchen in Palm Beach Gardens, we can help inspire you to make your home exactly what you want.

Maximizing storage and arranging furniture can dramatically enhance the space you have, and learning to use color effectively will also brilliantly expand the dimension of your room. Keep clutter to a minimum, add a few decorative statement pieces, and finish off the room with perfectly placed lighting.

Top Tips for Illuminating and Expanding your Decorative Interiors to Make Every Inch Count

Hang several sets of drapes along a wall to give your small room personality. This can work instead of paint and wallpaper. You will give the illusion that there are windows hidden behind the drapes, rather than just a wall or tiny window. You can also hang the drapes higher than the window sill to create a taller looking room.

When you own a home, it’s easy for household expenses to spiral out of control. Every year, the average homeowner is in the unenviable position of spending thousands of dollars on owning and maintaining a home- and that’s just when everything is going well! If an emergency hits, many homeowners have to make sacrifices they can ill afford just to keep the home up and running. The best strategy to avoid disaster is to work on cutting down the everyday household expenses associated with owning a home.

So where does the money really go? On average, American homeowners spend about 34 percent of their income on home expenses. Paying for the house itself, of course, is the largest chunk of that expenditure, but does it surprise you to know that utilities make up the next largest amount? Most Americans spend about seven percent of their income on utilities; that’s more than what they spend on entertainment, clothing for the family and even health care! Obviously, that’s an area where it makes sense to find ways to scale back. If you live in Texas, it’s even more important than it is for people in other states as Texas electricity rates are 30 percent higher than rates elsewhere.

To save money on electricity, you need to understand it. Electric companies measure energy usage in kWh, which is a measurement of the hours you spend using 1000 watts. By lowering your kWh, you will, of course, lower your electricity cost, but where do all those kilowatt-hours go? Appliances can be huge energy hogs but so can game systems, televisions and computers. Older homes are often ill-equipped to handle the energy demands of a modern lifestyle, and this can be not only costly but dangerous, as faulty electrical systems can lead to house fires. Modernizing your home can save on more than just household expenses- it might also save your life.

Fortunately, there are some easy ways to save on energy (and its associated costs). If your home is more than 20 years old, get your electrical system checked out by a professional to determine if you need any upgrades. Buy ENERGY STAR compliant appliances whenever possible, and turn off anything you’re not using, from lights and appliances to your Xbox 360.

Are you ready to lower your household expenses? It helps to find a company such as ElectricMan, committed to providing low-cost electrical services without sacrificing high-quality service. A family owned business, we offer quality electrical services, and we only employ professional, licensed, certified electricians. And we’re available 24 hours a day, 7 days a week. Whether it’s a general electrical repair or an electrical emergency, ElectricMan has you covered! Visit the ElectricMan website to learn more, or connect with our online community on Facebook, Twitter, Pinterest and Google Plus.