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 cost of natural gas is anticipated to rise dramatically during the winter heating season. Learn 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?
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 because the demand for energy is now higher than the available supply.
How Higher Natural Gas Prices Will Affect You
Higher natural gas prices will impact you as you turn on your heating system and get utility bills. Here's about how much it will affect 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 Tips for Saving on Heating Costs
Compared 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 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 more efficiency and it's less expensive than fixing your heating system later on in the year.
This service consists of:
- Evaluating and cleaning gas burners for proper operation.
- Checking the heat exchanger for cracks to avoid deadly carbon monoxide leaks.
- Tracking warm air flow and blower operation to ensure peak performance.
- Examining the gas valve to ensure fuel supply pressure is right.
- Checking electrical parts for damage.
- Checking your thermostat to ensure it’s working correctly.
Having your HVAC system serviced each year helps manage energy use, reduces 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 protects you if a major part, 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 provide membership programs designed to make your life better while helping you save money.
With our best-value Maintenance+™, you'll enjoy regular preventive maintenance plus:
- Energy savings up to 30%**
- Guaranteed 24/7/365 priority service
- No trip or overtime costs—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
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- 100% parts and labor coverage for repairs*
- Air filter replacement
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 when you wake up, or just about anyplace in the world. You'll receive 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 shows the current temperature and humidity levels at home, as well as outside weather forecasts so you can adjust accordingly.
- Eco mode settings that instantly set the thermostat to save you more money.
- Smart programming that makes an energy-efficient heating schedule based on your temperature preferences.
Your energy company probably offers valuable rebates for adding a smart thermostat, since they're ENERGY STAR® qualified. These rebates may cover a part or even the complete cost of the thermostat, so check with your natural gas supplier before you purchase one.
3. Select Energy-Efficient Thermostat Settings
Your smart thermostat will handle making an efficient schedule that potentially 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 more comfortable and your heating bill in check:
- Use 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 daytime 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, such as double pane with insulating gas or triple pane.
- Set ceiling fans to counterclockwise so they can disperse warm air that gathers 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 very good at stopping cold air drafts and keeping warm air where it belongs.
- Make sure heating vents are unrestricted. Closing 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 impacts how heating systems distribute warm air.
- Consider installing additional ceiling insulation, since your home loses 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 determine how much insulation you need to add, locate air leaks and more.
While You're Asleep
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 testing your thermostat for about a week to choose the right temperature. Begin with the temperature set at 67 degrees and decreasing it by a degree every evening. You might feel cold at first, but you'll likely be surprised how comfy you can be at a cooler 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 crank up your furnace when you return, instead of setting it back to 68. This won't warm your home up quicker. 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 suggestion to turn 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 every year.
4. Upgrade Your Furnace
Replacing your outdated, inefficient heating system is one of the best 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 lead to big savings on your heating bills over your furnace's life. While your exact utility bill reductions will vary based on area weather and your temperature preferences, these cost savings could help your primary heating source pay for itself in time through a lower natural gas bill.
When to Begin Considering Furnace Installation
Here are a few other signals that it's time to start considering furnace installation:
- Age. Most furnaces last between 15-20 years with adequate 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 cost. If your furnace repair bills are more than half the cost of a new system, we suggest buying a new one. This also is applicable if repairs are becoming more frequent.
- Decreased comfort and pricey heating bills. As your furnace ages, it uses more energy. You'll see this through your home being less comfortable and your heating bill being higher.
- Odd noises. It's typical for your furnace to make some sound as it turns on and off. But some noises, specifically rattling, banging or screeching, are a clear sign that something's awry. Based on the seriousness 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 suggest your furnace is consuming more gas and may even be making carbon monoxide, which can be fatal in big doses. Furnaces seeping this hazardous gas should be replaced right away.
We understand that furnace replacement is a big investment. It can also be a surprise that you're not fully ready for. That's why we offer the Service Experts Advantage Program™. This worry-free subscription program is transforming home comfort by covering everything, with no big up-front cost or down payment necessary.
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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 extra charge*
- 15% discount on air purification products
- Lifetime thermostat warranty
- Home Health™ Report Card and 29-point visual check on each appointment
- Regular preventive maintenance and energy savings up to 30%**
H2: Save Money on Heating Costs with Levy & Son Service Experts
Although natural gas prices are on the rise, there are lots of ways to reduce your heating bill with our Expert assistance. To get started, call us at 469-250-0932 for an appointment and we'll take a look at 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.