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Conduct an energy audit
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A home energy or utility audit is a great way to assess energy usage in your home to see where improvements can be made. It will reveal the efficiency of home heating and cooling systems, uncover any energy-drainers in the home and show ways to increase water and energy efficiency. You can conduct your own audit or ask for a professional's help. More thorough audits, sometimes done by utility companies, can also include an analysis of all the major appliances in the home and estimated energy consumption and cost per appliance. They can also analyze past bills and provide an estimate of how long it would take to recoup the value of home improvements in energy savings.
Visit the U.S. Department of Energy's website at Energysavers.gov for more information. Some states are offering rebates or other incentives for energy audits as part of the government's stimulus program.