Save money on heating bills
Published: Wednesday, October 30, 2013 at 3:25 p.m.
Last Modified: Wednesday, October 30, 2013 at 3:25 p.m.
After two years of flat or lower fuel prices, many residents will pay sharply more to heat their homes this winter, according to recent government forecasts. There are a number of ways residents can blunt the expected rise in heating bills — beyond putting on a turtleneck.
Staying warm is expected to cost more because fuel prices are rising and forecasts call for cooler weather, in some areas. Natural gas, propane, and electricity prices are expected to rise, affecting 94 percent of U.S. households. Heating oil users will catch a slight price break, but still pay near-record bills to heat their homes.
One obvious way to lower your heating bill is to lower the thermostat — sleep under a few more blankets, watch TV in a sweater, and use a programmable thermostat to turn the heat down when you are away or fast asleep. The Energy Department estimates that a resident can save 1 percent on their heating bill for every degree a thermostat is set back. Here are a few other ways:
* Think of the sun as a heater, and your drapes as a blanket. Open drapes when you are getting direct sunlight, then close them at night to keep heat from escaping.
* Make sure the damper in your fireplace is closed when you aren't using it.
* Keep air vents clean and uncovered so heat can easily flow throughout your home.
* Shut off kitchen fans and bathroom fans as soon as they are no longer needed.
Many states and utilities offer incentives for home energy audits and home weatherization programs that include things like adding insulation, installing more efficient windows, and replacing an old boiler or furnace with a new one.
Switching from oil heat to natural gas is expensive — it costs $5,000 to $10,000, depending on how much workers have to do to reconfigure the heating system. But the Energy Department says the average heating oil customer will pay a whopping $1,367 more this winter than the average natural gas customer — and that gap is expected to remain wide.
If it does, the payback for a switch would be four to seven years.