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Heat waves are not only detrimental to your health but can take ahuge toll on walletsas well.

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In turn, finding ways to be both comfortable and not break the bank is crucial.

Here are some tips experts shared with GOBankingRates.

The ability to continually monitor and dial in home climate controls creates significant energy savings opportunities, added Haldeman.

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Enabling homes to be smarter will allow people to control their energy usage-and their bills.

Insulate the first few feet of pipe that transport hot water from the water heater.

In turn, during peak hours the time when electricity is in most demand rates are more expensive.

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Avoiding usingheat-generating electrical appliances stoves, ovens, washer/dryers, dishwashers etc.

Another tip is to pre-cool your home during off-peak hours before temperatures rise, according to Energy Star.

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