A natural gas furnace is the most cost-effective way to heat your home, especially if you live in a cold climate. However, Reuters reports the price of natural gas is anticipated to rise dramatically 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 Going Up?
Every year, the U.S. Energy Information Administration (EIA) produces a winter fuel outlook. Energy costs have already gotten more expensive 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 get utility bills. Here's about how much it will impact 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 Tips for Saving on Heating Costs
In comparison to other fuel sources, a natural gas heating system is still the most affordable 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 affordable this winter. Here's how you can save 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 cheaper than fixing your heating system later on in the year.
This service includes:
- Evaluating and cleaning gas burners for proper operation.
- Checking the heat exchanger for cracks to prevent dangerous carbon monoxide leaks.
- Monitoring warm air flow and blower operation to ensure peak performance.
- Examining the gas valve to make sure fuel supply pressure is correct.
- Inspecting electrical parts for damage.
- Checking your thermostat to make sure it’s working right.
Having your HVAC system maintained each year helps control energy use, decreases the chance of breakdowns and may even make your heating system last longer. Plus, most manufacturers require it to keep your valuable warranty valid. This warranty protects you if a significant part, like the heat exchanger, breaks on your home's heating system during a certain period.
We know you're busy and that it's easy to forget about scheduling your furnace tune-ups. That's why we provide membership programs created to make your life better while helping you save money.
With our best-value Maintenance+™, you'll receive regular preventive maintenance plus:
- Energy savings up to 30%**
- Guaranteed 24/7/365 priority service
- No trip or overtime charges—ever
- 15% discount on repairs and air purification products
- 100% guarantee on repairs for one year*
- Lifetime thermostat warranty
- Home Health Report Card and 29-point visual check on each visit
2. Install a Smart Thermostat
HVAC professionals recommend updating 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 regulate your HVAC system from your smartphone or tablet from bed when you wake up, or just about anyplace in the world. You'll get real-time updates on how much energy you're consuming.
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 set 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 has valuable rebates for adding a smart thermostat, since they're ENERGY STAR® qualified. These rebates may cover a part or even the full cost of the thermostat, so contact your natural gas supplier before you buy one.
3. Choose 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 set it for a few days so it can pick up on your temperature preferences. We recommend following 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 maximum energy savings. If this feels too chilly, 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, like 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 stop air leaks. Consider getting energy-saving windows later on, 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 adding metallic tape on gaps and helps you keep more hot air from your heating system.
- Add weather stripping on windows and doors. Weather stripping is great at preventing cold air drafts and keeping warm air where it should be.
- Make sure heating vents are open. Shutting off vents in rooms you don't use is a bad idea since it can affect air balance and make your furnace work harder. Also, try not to block vents as this affects how heating systems distribute warm air.
- Consider adding additional ceiling insulation, since your home loses a lot of hot air through the attic.
- Book an energy audit through your natural gas company. This service is usually free and offers valuable advice on how to save money and lower your heating bill. It may help you determine how much insulation you need to add, find air leaks and more.
While You're Asleep
The National Sleep Foundation says most people do best in a cool room. During the winter, that can vary from 60-67 degrees, depending on your personal preferences.
Try testing your thermostat for about a week to find the right temperature. Start with the temperature set at 67 degrees and decreasing it by a degree every evening. You might feel cold initially, but you'll likely be surprised how comfortable you can be at a cooler temperature. And how much it can impact your heating bill!
While You're Gone
If you don't have any pets, you can set your thermostat as cool as 50 degrees. This keeps your heating system running and your pipes from icing. But don't be tempted to jack up your furnace when you return, instead of setting it back to 68. This won't warm 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 follow the Department of Energy’s advice to turn your thermostat back 7-10 degrees while you're gone. Doing this while you're at work can save you up to 10% on heating bills every year.
4. Upgrade Your Furnace
Replacing 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. Simply put, this rating measures how efficiently your furnace uses fuel for heat.
Newer furnaces have an average AFUE of 95%, while older models only attain around 80%. Buying a new furnace that's 15% more efficient can result in big savings on your heating bills over your furnace's lifetime. While your exact utility bill reductions will vary based on area weather and your temperature preferences, these savings could help your primary heating source pay for itself in time through a cheaper natural gas bill.
When to Start Thinking about Furnace Installation
Here are a few other indications that it's time to start considering furnace installation:
- Age. Most furnaces run between 15-20 years with proper maintenance. If yours is close to this age, you should begin preparation for replacement to prevent being without heat when your furnace breaks down for good.
- Repair frequency and price. If your furnace repair bills are greater than half the price of a new system, we recommend buying a new one. This also is applicable if repairs are becoming more frequent.
- Reduced comfort and more expensive heating bills. As your furnace ages, it consumes more energy. You'll notice this through your home being less cozy and your heating bill being more expensive.
- Unusual noises. It's typical for your furnace to make some noise as it turns on and off. But some noises, particularly rattling, banging or screeching, are an obvious sign that something's awry. Based on the seriousness of the issue, it may just be better to buy a new furnace.
- Yellow burner flames. Your furnace's burner flames should always be blue. Yellow flames mean your furnace is using more gas and may even be generating carbon monoxide, which can be dangerous in big doses. Furnaces leaking this deadly gas should be taken out right away.
We realize that furnace replacement is a major investment. It can also be a shock that you're not fully prepared for. That's why we offer the Service Experts Advantage Program™. This stress-free subscription program is changing home comfort by covering everything, with no large up-front cost or down payment needed.
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- A new, high-efficiency furnace, plus valuable manufacturer's rebates
- Expert installation at no extra charge
- Guaranteed 24/7/365 priority service
- No trip or overtime charges—ever
- Repairs, labor, parts and air filters at no added charge*
- 15% discount on air purification products
- Lifetime thermostat warranty
- Home Health™ Report Card and 29-point visual check on every visit
- Regular preventive maintenance and energy savings up to 30%**
Save More on Heating Costs with Eveready Service Experts
Although natural gas prices are going up, there are countless ways to reduce your heating bill with our Expert assistance. To get started, contact us at 804-548-4480 for an appointment and we'll take a look at what you can do to spend less 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.