Power factor correction: Can it lower your electric bill? [My Favorite Experiment]

With economic times like these, everybody is looking for ways to save money. Now, imagine how appealing it would be if we consumers could cut our electric bills by up to 50% each month. No, I´m not talking about turning the thermostat down or turning your unused lights off (which you should be doing anyway); I´m talking about a onetime investment of a couple of hundred dollars for a home power factor corrector. Heck, even a 5% savings would pay for itself in about 3 years; not a bad deal! But before you start spending your savings, run an experiment, a valid and simple examination of the facts. And if you buy the equipment, make sure it can be returned, find out the refund policy, and then run an experiment before the refund period for returning the equipment expires. Just in case it doesn´t work!