As the temperatures begin falling, the price you pay to heat your home starts rising.
On average, nearly half of all residential energy consumption in the U.S. is attributed to heating costs and 85% of adults report that their utility costs have gone up in recent years.
In fact, it’s projected Americans will spend nearly 30% more on utilities this winter than five years ago.
But there are many easy things you can do to help save money on your heating bill.
And good news, they’re all free.
The Department of Energy says to save money, start by adjusting the thermostat. By lowering your furnace from 70 degrees to 68 degrees you can reduce heating costs by approximately 5%.
For even greater savings, consider setting your thermostat to 63 degrees while you’re away. This could result in up to 10% annual savings on your heating bill.
Did you know about 30% of a home’s heating energy is lost through windows? If drafty, hang insulated curtains to keep the cold out and close curtains or blinds at night.
Fun fact, not all fireplaces will save you money on heating bills. Electric fireplaces are the most energy-efficient, converting 99% of energy into heat. Gas fireplaces convert 77% of energy. However, wood-burning fireplaces convert only 15% to 30% of energy.
Also, save money when you shower. Reducing your water heater’s temperature to 120 degrees, down from the typical 140 can save you up to 11% in water heating costs; cutting shower time in half can save up to 33%.
And here’s an easy one, ceiling fans can help keep rooms warmer. Reversing the motor so it spins clockwise at a low speed forces warm air from the ceiling back down into the room.