Each winter, as temperatures drop, it’s natural to feel a pinch in the budget as heating expenditures and the general expenditure on other essentials are on the rise. Even energy expenses can fluctuate dramatically from year to year.
Because of natural gas shortages, for example, energy experts predicted that consumers would see a significant percentage increase in their heating expenditures during the winters of the years to come.
Because heating bill rates are unpredictable, it’s even more crucial to save money on your heating cost. The objective of this article is to look at five strategies to save money on your heating cost. Many of these suggestions range from simple lifestyle changes to purchasing advanced equipment.
1. Reduce the Temperature on the Thermostat
This is probably advice we’ve all heard. It’s worth reiterating because it’s the simplest and most direct approach to saving money on energy. It could be helpful to keep the house warm so you don’t have to wear as many layers. However, according to the US Department of Energy, dialling down the thermostat 7 to 10 degrees Fahrenheit for eight hours every day will save you up to 10% on annual heating bills.
The great thing about lowering your thermostat is that you can do it when you’re not at home throughout the day and not notice the difference. You may also want to consider decreasing the temperature at night. Sleeping in lower conditions, according to the Mayo Clinic, may help our bodies’ natural temperature dip at night, resulting in more restful sleep. You may try keeping your house cooler at night, and if you don’t mind or even enjoy it, you’ve just discovered a simple way to save money on heating this winter.
Smart thermostats make it easier than ever before. You simply set a predefined timetable for when you want the house to cool down and when you want it to warm up. Set your thermostat to a higher temperature a few minutes before you normally get out of bed in the morning, and your house will be toasty when you need to get out of bed.
2. Use Renewable Energy to Go Green
Solar energy is used to generate power, so it may not appear that getting solar will affect your heating expenditures. It’s possible that you won’t have to pay for any fuel utility costs if you use a completely electric central heating system. However, this is the most time-consuming suggestion on the list. You may need to invest in a solar array, a solar battery, and possibly central electric heating. However, you will avoid the fluctuating expenses of natural gas in this manner.
The amazing thing about solar panels is that they can still collect electricity for your home even when it’s cold outside. They only require some more TLC, such as snow removal in northern areas or battery insulation.
You should also look into which solar credits are available in your area and whether you qualify for them, such as the 26% tax credit. If your local utility participates, solar panels also offer the popular benefit of allowing you to sell extra energy back to them.
If installing solar in your home isn’t a time or financial commitment you can make right now, look for other green solutions to reduce your overall electric and heating costs. Installing portable solar panels in your camper is a simple solution. You might even look into modest solar gadgets like solar device chargers or a solar water heater kit to help with your heating/electric expenditure.
3. Invest in the Latest Updated Heating Equipment
If you have an old furnace, you’re probably wasting more energy than you need to. According to the US Department of Energy, contemporary high-efficiency heating systems can have fuel efficiency ratings of 90% to 98.5%, compared to 56% to 70% for older low-efficiency systems. With electricity costs becoming increasingly volatile in recent months, now may be the best time to make the purchase.
You might also check different heating options for your home. We already mentioned solar-powered full-electric modules. Heat pumps, on the other hand, can be used in place of furnaces. Heat pumps are used in temperate climates because they transmit heat from the outdoors.
4. Controlling the Temperature in Your Home
You may save money on your heating bill by making small changes, such as replacing your equipment, adjusting your thermostat, or investing in a renewable energy source. These won’t likely reduce your heating expense as much as new equipment would, but if every little bit helps, you can try a few options like:
- During the day, open your window coverings, drapes, or shutters to allow the sun into the room, since this will reduce the overworking on the furnace.
- Even baking or cooking at home during the day is a simple method to warm up your home.
- Install draft excluders on the doors.
- Winterize your windows by installing storm windows on the outside or covering them with plastic on the inside.
- Keep dust and debris out of your heating vents.
- Portable, energy-efficient space heaters allow you to lower the general temperature while still keeping the room warm.
It’s not uncommon for small lifestyle improvements to surprise you with how much money you’ve saved on your energy bill.
5. Look for Air Leaks in Your Home
Making sure your home doesn’t have any air leaks is a crucial aspect of ensuring your property isn’t leaking money in the winter. Call in the pros to inspect your home for air leaks; they’ll most likely do a blower door test. You may also choose to insulate and seal your home yourself to prevent energy or heat loss.
Lastly, Here are a Few Suggestions to Help You Save Money
Because many people’s electric and heating bills are combined, you can work on lowering your power consumption to lower your entire expense. Make sure you have a fit for purpose boiler.
It’s also difficult to know where to save money on your electric bill if you don’t know what your home’s largest energy hogs are. Smart plugs with energy monitoring, for example, allow you to see how much energy each gadget in your home consumes and track your energy usage.
If you decide to relocate in the future, you’ll want to make sure the house you buy is energy efficient. This will help you scream less when you open your winter energy bill, as well as other utility bills in the future.
There are apparent indicators that the house is energy efficient, such as the massive solar array on the roof. Water collection systems, water heaters without tanks, and reused wood are some of the more subtle sustainability indicators to look for.
We all want our heating to keep our homes warm and comfortable, but it would be ideal if it didn’t cost an arm and a leg. The most significant contributor to your household expenditures is most certainly your central heating system.
That means there’s a chance to save a lot of money. You have to follow these top suggestions to achieve the most out of this heating module, from the water heater and heating element upkeep to water heater controls, to discover easy techniques to reduce your energy use and save money on your energy bills.