There are several alternative ways to generate electricity for a home instead that may be alternatives to paying a power company for electricity from the grid. According to Treehugger.com, some possibilities are electricity generation through solar, wind and hydroelectric power. Completely disconnecting from the grid eliminates monthly payments. Remaining connected to the grid, and generating electricity which can be sold back to the power companies, may reduce or eliminate monthly payments, depending on the amount of power generated.
Alternative energy production is not completely free, as most sources require an upfront investment to purchase the materials for electricity generation, as well as batteries for storage of the generated power. Several financing or rebate options are currently available. Energy.gov provides a searchable database of available rebates for alternative energy on a state-by-state basis. Alternative mortgage financing is also available for the initial purchase of an energy-efficient home.
If alternative energy generation is not possible, reducing energy consumption can lower electricity bills. NRDC.org has a list of energy-saving techniques, including turning off or unplugging appliances when they are not being used, raising the thermostat in the summer and lowering it in the winter, using energy-efficient light bulbs and appliances, and using appliances efficiently.