A natural gas furnace is the most efficient 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 significantly during the winter heating season. Find out why the price of natural gas is getting more expensive and how to save on gas heating bills this year.
Why Is Natural Gas Getting More Expensive?
Every year, the U.S. Energy Information Administration (EIA) releases a winter fuel outlook. Energy costs have already gotten more expensive around the world, according to Reuters. This is due to the fact the demand for energy is now greater than the available supply.
How More Expensive Natural Gas Prices Will Affect You
Higher natural gas prices will impact you as you switch on your heating system and receive utility bills. Here's about how much it will impact the average household during the six-month winter heating season, as compared 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
Compared 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 several things you can do to keep your heating costs down this winter. Here's how you can save on your gas heating bill.
1. Request a Furnace Tune-Up
Request furnace maintenance from an HVAC professional before the heating season starts. You'll get greater efficiency and it's cheaper than repairing your heating system later on in the year.
This service consists of:
- Testing and cleaning gas burners for proper operation.
- Examining the heat exchanger for cracks to avoid deadly 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.
- Checking electrical parts for problems.
- Checking your thermostat to ensure it’s working correctly.
Having your HVAC system maintained each year helps manage 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 applicable. This warranty shields you if a major component, like 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 offer membership programs designed to make your life easier while helping you save money.
With our best-value Maintenance+™, you'll receive regular preventive maintenance plus:
- Energy savings up to 30%**
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- 100% guarantee on repairs for one year*
- Lifetime thermostat warranty
- Home Health Report Card and 29-point visual check on every visit
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- Air filter replacement
2. Install a Smart Thermostat
HVAC professionals advise replacing your programmable thermostat with one that's "smart" to save money on your energy bill. This means it uses Wi-Fi, so you can control 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 capabilities with an app to manage 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 adapt accordingly.
- Eco mode settings that instantly set the thermostat to save you more money.
- Smart programming that creates an energy-efficient heating schedule based on your temperature preferences.
Your energy company likely has valuable rebates for adding a smart thermostat, since they're ENERGY STAR® qualified. These rebates may cover a portion or even the complete cost of the thermostat, so check with your natural gas supplier before you buy one.
3. Choose Energy-Efficient Thermostat Settings
Your smart thermostat will handle creating an efficient schedule that likely lowers your heating bill, but you'll need to program 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 warmer and your heating bill in check:
- Use 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 daytime to let in natural heat from the sun. Keep your windows covered at night to keep out cold air.
- Cover drafty windows with plastic sheeting to prevent air leaks. Consider upgrading to energy-saving windows later on, like double pane with insulating gas or triple pane.
- Set ceiling fans to reverse so they can disperse warm air that gathers 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 belongs.
- Make sure heating vents are unrestricted. 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 installing extra ceiling insulation, since your home leaks a lot of hot air through the attic.
- Schedule an energy audit through your natural gas company. This service is often free and offers 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 Asleep
The National Sleep Foundation says most people do best in a cold room. During the winter, that can range from 60-67 degrees, depending on your personal preferences.
Try experimenting with your thermostat for about a week to choose the ideal temperature. Begin with the temperature set at 67 degrees and lowering it by a degree each evening. You might feel chilly initially, but you'll likely be surprised how comfortable 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 low as 50 degrees. This keeps your heating system operating and your pipes from icing. But don't be tempted to jack up your furnace when you get back, instead of setting it back to 68. This won't warm your home up faster. It'll just increase your heating bill and result in wear and tear on your furnace.
If you have pets, you can follow the Department of Energy’s recommendation 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
Updating your old, inefficient heating system is one of the best ways to save on heating bills. A furnace's efficiency is calculated in AFUE, or Annual Fuel Utilization Efficiency. Simply put, this rating measures how efficiently your furnace uses fuel for heat.
Modern furnaces have an average AFUE of 95%, while older models only achieve around 80%. Getting a new furnace that's 15% more efficient can lead to major savings on your heating bills over your furnace's lifetime. While your precise utility bill savings 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 lower natural gas bill.
When to Begin Thinking about Furnace Installation
Here are a few other signs that it's time to begin thinking about furnace installation:
- Age. Most furnaces last between 15-20 years with adequate maintenance. If yours is close to this age, you should start planning for replacement to prevent being without heat when your furnace goes out for good.
- Repair frequency and price. If your furnace repair bills are more than half the cost of a new system, we recommend buying a new one. This also applies if repairs are becoming more consistent.
- Reduced comfort and pricey heating bills. As your furnace ages, it consumes more energy. You'll see this through your home being less comfortable and your heating bill being more expensive.
- Unusual noises. It's normal for your furnace to make some sound as it turns on and off. But some sounds, especially rattling, banging or screeching, are a clear sign that something's awry. Based on the severity of the problem, it may just be better to get a new furnace.
- Yellow burner flames. Your furnace's burner flames should always be blue. Yellow flames mean your furnace is consuming more fuel and may even be creating carbon monoxide, which can be lethal in large doses. Furnaces leaking this hazardous gas should be replaced right away.
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- 15% discount on air purification products
- Lifetime thermostat warranty
- Home Health™ Report Card and 29-point visual check on each visit
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H2: Save Money on Heating Costs with Service Experts Heating & Air Conditioning
Although natural gas prices are on the rise, there are many ways to reduce your heating bill with our Expert assistance. To begin, call us at 614-334-3192 for an appointment and we'll see 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.