As we head into cooler temperatures, consumers are being increasingly impacted by HVAC equipment shortages and rising heating costs. Is it possible to keep your home warm without breaking the bank this winter season? Absolutely! Below, we will explain some of the reasons costs are rising and suggest ways that you can reduce your heating costs.
Reasons Behind the Rising Heating Cost
According to the National Energy Assistance Directors Association, the U.S. could see a 17% percent increase in heating costs this year, and it’s already started. But why are the costs rising so drastically?
Several factors are fueling the price surge in natural gas and other similar commodities, including more demand for fuel as the industry has begun to recover from shutdowns during the pandemic quarantine. Additionally, inflation is driving up the costs of fuel. Another factor is weather-related. Electric companies had an exponential increase in demand for their natural gas reserves over the past few summers as Americans faced extremely hot summers. It’s been a struggle to recover ever since.
Perhaps the biggest factor influencing rising heating costs is Russia’s invasion of Ukraine. This war has placed an extreme strain on global energy supplies.
The Best Ways to Lower Heating Costs Winter After Winter
Whether you’re struggling under the strain of rising heating costs or simply wish to reduce your utility bill this winter to save money for family vacations and other activities, you can take steps to optimize your heating system’s performance. Here’s how to lower your heating costs:
1. Replace Your Current, Dated System
Have a dated system that is more than 15 years old? You may want to think about replacing it sooner rather than later. By using current promotions and low financing rates, you can upgrade to a newer, higher-efficiency furnace that saves money while providing more comfort.
2. Invest in Long-Term Home Improvements
In addition to a new heating system, you should also consider making some long-term home improvements, like upgrading your windows or doors, better insulating walls/attics/basements, or investing in technologies like geothermal heating/cooling systems:
- Use Energy-Efficient Appliances: Energy-efficient appliances not only consume less energy, but they also help in reducing greenhouse gas emissions. Look for ENERGY STAR-certified products that meet strict energy efficiency guidelines set by the U.S. Environmental Protection Agency.
- Insulate Your Home: Proper insulation is one of the best ways to lower heating costs. Start by checking your attic, walls, and floors for any gaps or cracks where heat could escape. Caulk and weatherstrip doors and windows to seal air leaks.
- Install a Geothermal System: By installing one of these systems, you can keep your home nice and comfortable without worrying about oil or natural gas prices increasing exponentially.
3. Make Short-Term Home Improvements
If long-term home improvements are out of the budget for this year, short-term solutions can also help. These could be installing window treatments, running ceiling fans in larger/taller rooms to push the heat down, or installing a smart thermostat (that will more efficiently control your HVAC system):
- Utilize a Programmable Thermostat: A programmable or smart thermostat allows you to control your home’s temperature at different times of the day. You can set it to lower the temperature when you’re not home or sleeping, saving energy and money.
- Take Advantage of Natural Heat: Sunlight is a free source of heat. During the day, open your curtains and let the sunlight in to naturally heat your home. At night, close your curtains to add an extra layer of insulation to keep the heat in. This simple strategy can effectively lower your heating costs.
If you are struggling to pay your heating bills, there are federal and state government agencies that can help. In Wisconsin, please visit here to apply for energy assistance.
Schedule a Heating Maintenance Service & Save Big
Regular maintenance of your heating system is crucial for its efficiency. Dirty filters can restrict airflow and cause your system to work harder, using more energy and resulting in higher heating costs. It’s recommended to have your system serviced by a professional at least once a year to ensure it’s working at its optimum level.
If it’s been a while since your last service, consider scheduling a maintenance appointment with H.J. Faust, Inc. Our team of professionals will help you stay warm while keeping your heating costs down. Reach out to H. J. Faust, Inc. and ask for a free in-home estimate to put your mind at ease and lower your heating costs.
