Residential energy expenses refer to the costs associated with the consumption of energy in a home. This includes payments for electricity, natural gas, heating oil, and other fuels used for heating, cooling, and powering appliances. These expenses can vary based on factors such as the size of the home, energy efficiency, and local utility rates. Homeowners can manage their residential energy expenses by implementing energy-saving practices, such as using energy-efficient appliances and improving insulation. Additionally, monitoring energy usage through smart meters can help identify areas for potential savings, ultimately leading to lower monthly bills and reduced environmental impact.