A natural gas furnace is the most efficient way to heat your home, particularly if you live in a cool climate. However, Reuters reports the price of natural gas is expected 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 gotten more expensive globally, according to Reuters. This is because the need for energy is now greater than the available supply.
How More Expensive Natural Gas Prices Will Impact You
Higher natural gas prices will impact 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
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 steps you can take to 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
Schedule furnace maintenance from an HVAC professional before the heating season starts. You'll get greater efficiency and it's cheaper 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 prevent deadly carbon monoxide leaks.
- Monitoring warm air flow and blower operation to guarantee peak performance.
- Examining the gas valve to ensure fuel supply pressure is correct.
- Inspecting electrical parts for damage.
- Checking your thermostat to ensure it’s working right.
Having your HVAC system serviced each year helps control energy use, decreases the likelihood 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 major part, such as the heat exchanger, breaks on your home's heating system during a specific 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 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 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
For the greatest peace of mind, there's Armor+™. This plan provides all the benefits of Maintenance+, in addition to:
- 100% parts and labor coverage for repairs*
- Air filter replacement
2. Get 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 regulate your HVAC system from your smartphone or tablet from bed in the morning, or just about anywhere in the world. You'll receive 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 likely 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 purchase one.
3. Choose Energy-Efficient Thermostat Settings
Your smart thermostat will handle 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 warmer 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 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 upgrading to energy-saving windows in the future, like double pane with insulating gas or triple pane.
- Set ceiling fans to reverse 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 retain more hot air from your heating system.
- Add weather stripping on windows and doors. Weather stripping is very good at blocking 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 impact 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 extra 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 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, find air leaks and more.
While You're Asleep
The National Sleep Foundation says most people sleep 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 lowering it by a degree each evening. You might feel cold 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 set 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 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 suggestion to turn your thermostat back 7-10 degrees while you're away. Doing this while you're at work 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 calculated 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 older models only achieve around 80%. Buying a new furnace that's 15% more efficient can lead to major savings on your heating bills over your furnace's life. While your precise utility bill savings will vary based on area 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 Start Considering Furnace Installation
Here are a few other signals that it's time to start thinking about furnace installation:
- Age. Many furnaces last between 15-20 years with proper maintenance. If yours is close to this age, you should begin planning for replacement to avoid being without heat when your furnace goes out for good.
- Repair frequency and cost. If your furnace repair bills are more than half the cost of a new system, we recommend getting a new one. This also applies if repairs are becoming more consistent.
- Reduced comfort and pricey 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 higher.
- Weird noises. It's normal for your furnace to make some noise as it turns on and off. But some sounds, 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 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 producing carbon monoxide, which can be fatal in big doses. Furnaces leaking this dangerous gas should be taken out immediately.
We realize that furnace replacement is a big investment. It can also be a surprise that you're not fully prepared for. That's why we offer the Service Experts Advantage Program™. This worry-free subscription program is changing home comfort by including everything, with no large up-front cost or down payment necessary.
For only one low monthly fee, you'll get:
- A new, high-efficiency furnace, plus valuable manufacturer's rebates
- Expert installation at no extra cost
- 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 every appointment
- Annual preventive maintenance and energy savings up to 30%**
H2: Save More on Heating Costs with Peachtree Service Experts
Although natural gas prices are on the rise, there are countless ways to reduce your heating bill with our Expert assistance. To begin, contact us at 678-235-9699 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.