A natural gas furnace is the most cost-effective way to heat your home, particularly if you live in a cold climate. However, Reuters says the cost of natural gas is anticipated to rise significantly during the winter heating season. Find out why the price of natural gas is going up and how to save on gas heating bills this year.
Why Is Natural Gas Getting More Expensive?
Each year, the U.S. Energy Information Administration (EIA) produces a winter fuel outlook. Energy costs have previously gone up globally, according to Reuters. This is due to the fact the need for energy is now higher than the available supply.
How Higher Natural Gas Prices Will Impact You
Higher natural gas prices will affect you as you switch on your heating system and receive utility bills. Here's about how much it will affect the average household during the six-month winter heating season, in contrast to 2020.
- Average heating bill for 2020 season: $573, or about $95.50 monthly.
- Average heating bill for 2021 season: $746, or about $124.33 monthly. That's about a 30% increase from the previous year.
4 Secrets for Saving on Heating Costs
In comparison to other fuel sources, a natural gas heating system is still the cheapest and most efficient way to heat your home. And there are a few steps you can take to you can do to keep your heating costs down this winter. Here's how you can spend less on your gas heating bill.
1. Schedule a Furnace Tune-Up
Schedule furnace maintenance from an HVAC professional before the heating season begins. You'll get more efficiency and it's less expensive than fixing your heating system later on in the year.
This service includes:
- Evaluating and cleaning gas burners for proper operation.
- Examining the heat exchanger for cracks to avoid dangerous carbon monoxide leaks.
- Monitoring warm air flow and blower operation to ensure peak performance.
- Inspecting the gas valve to make sure fuel supply pressure is right.
- Inspecting electrical parts for damage.
- Checking your thermostat to ensure it’s working correctly.
Having your HVAC system maintained each year helps manage energy use, reduces the likelihood of breakdowns and may even make your heating system last longer. Plus, most manufacturers require it to keep your valuable warranty applicable. This warranty shields you if a significant part, such as the heat exchanger, fails on your home's heating system during a certain period.
We know you're busy and that it's easy to forget about booking your furnace tune-ups. That's why we provide membership programs designed to make your life better while helping you save money.
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- Home Health Report Card and 29-point visual check on each visit
2. Get a Smart Thermostat
HVAC professionals recommend replacing your programmable thermostat with one that's "smart" to save money on your energy bill. This means it connects to Wi-Fi, so you can control your HVAC system from your smartphone or tablet from bed in the morning, or just about anyplace in the world. You'll get real-time updates on how much energy you're using.
The best smart thermostats for central heating have:
- Wi-Fi capability with an app to control it from a smartphone or computer.
- A color screen that displays the current temperature and humidity levels at home, as well as outside weather forecasts so you can adjust accordingly.
- Eco mode settings that automatically adjust the thermostat to save you more money.
- Smart programming that makes an energy-efficient heating routine based on your temperature preferences.
Your energy company probably offers valuable rebates for installing a smart thermostat, since they're ENERGY STAR® qualified. These rebates may cover a part or even the full cost of the thermostat, so check with your natural gas supplier before you buy one.
3. Select Energy-Efficient Thermostat Settings
Your smart thermostat will take care of creating an efficient schedule that likely reduces your heating bill, but you'll need to program it for a few days so it can pick up on your temperature preferences. We suggest using these winter thermostat settings from the U.S. Department of Energy and ENERGY STAR.
When You're at Home
Your thermostat should be set to 68 degrees for the greatest energy savings. If this feels too cold, these ways to save can help keep your home feeling more comfortable and your heating bill in check:
- Choose window treatments that block heat loss, such as honeycomb shades, plantation shutters or window blankets, which are thick quilts.
- Open south-facing window treatments during the day to let in natural heat from the sun. Keep your windows covered at night to seal out cold air.
- Cover drafty windows with plastic sheeting to prevent air leaks. Consider getting energy-saving windows in the future, like double pane with insulating gas or triple pane.
- Set ceiling fans to counterclockwise so they can disperse warm air that collects near the ceiling.
- Have an HVAC professional seal heating ducts. This is often done through putting metallic tape on gaps and helps you retain more hot air from your heating system.
- Add weather stripping on windows and doors. Weather stripping is very good at preventing cold air drafts and keeping warm air where it should be.
- Make sure heating vents are open. Closing vents in rooms you don't use is a bad idea since it can impact air balance and make your furnace work harder. Also, try not to block vents as this impacts how heating systems distribute warm air.
- Consider adding extra ceiling insulation, since your home leaks a lot of hot air through the attic.
- Book an energy audit through your natural gas company. This service is usually free and provides valuable advice on how to save money and lower your heating bill. It may help you identify how much insulation you need to add, pinpoint air leaks and more.
While You're Sleeping
The National Sleep Foundation says most people sleep best in a cold room. During the winter, that can vary from 60-67 degrees, depending on your personal preferences.
Try experimenting with your thermostat for about a week to find the right temperature. Begin with the temperature set at 67 degrees and decreasing it by a degree every night. You may feel chilly initially, but you'll probably be surprised how comfy you can be at a lower temperature. And how much it can affect your heating bill!
While You're Away
If you don't have any pets, you can turn down your thermostat as cool as 50 degrees. This keeps your heating system running and your pipes from freezing. But don't be tempted to crank up your furnace when you return, instead of setting it back to 68. This won't heat your home up faster. It'll just drive up your heating bill and cause wear and tear on your furnace.
If you have pets, you can use the Department of Energy’s suggestion to set your thermostat back 7-10 degrees while you're away. Doing this while you're at the office can save you up to 10% on heating bills each year.
4. Get a New Furnace
Updating your outdated, inefficient heating system is one of the smartest ways to save on heating bills. A furnace's efficiency is measured in AFUE, or Annual Fuel Utilization Efficiency. In other words, this rating measures how efficiently your furnace uses fuel for heat.
Modern furnaces have an average AFUE of 95%, while old models only attain around 80%. Buying a new furnace that's 15% more efficient can lead to big savings on your heating bills over your furnace's lifetime. While your precise utility bill reductions will vary based on local weather and your temperature preferences, these savings could help your primary heating source pay for itself over time through a cheaper natural gas bill.
When to Begin Thinking about Furnace Installation
Here are a few other indications that it's time to start thinking about furnace installation:
- Age. Most furnaces last between 15-20 years with proper maintenance. If yours is close to this age, you should start preparation for replacement to avoid being without heat when your furnace breaks down for good.
- Repair frequency and price. If your furnace repair bills are more than half the cost of a new system, we suggest getting a new one. This also is applicable if repairs are becoming more consistent.
- Decreased comfort and more expensive heating bills. As your furnace gets older, it consumes more energy. You'll notice this through your home being less cozy and your heating bill being more expensive.
- Weird noises. It's normal for your furnace to make some noise as it turns on and off. But some sounds, specifically rattling, banging or screeching, are an obvious sign that something's wrong. Based on the severity of the issue, it may just be better to get a new furnace.
- Yellow burner flames. Your furnace's burner flames should always be blue. Yellow flames suggest your furnace is consuming more fuel and may even be creating carbon monoxide, which can be dangerous in big doses. Furnaces seeping this dangerous gas should be taken out immediately.
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- 15% discount on air purification products
- Lifetime thermostat warranty
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H2: Save Money on Heating Costs with Service Experts Heating & Air Conditioning
Although natural gas prices are going up, there are countless ways to reduce your heating bill with our Expert assistance. To begin, call us at 919-578-4329 for an appointment and we'll see what you can do to save money this winter!
*For HVAC Service Memberships, certain warranty exclusions and limitations apply. See your signed agreement for full terms and conditions. For the Advantage Program™, please see your signed Advantage Program Agreement for full details and exclusions. Lease with approved credit; visit ServiceExperts.com for details. **Potential savings may vary depending on age and condition of equipment, personal lifestyle, system settings, equipment maintenance, and installation of equipment and duct system.