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. 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?
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 because the demand for energy is now higher 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, 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 last 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 a few things you can do to keep your heating costs affordable 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 cheaper than repairing your heating system later on in the year.
This service consists of:
- Testing and cleaning gas burners for correct operation.
- Examining the heat exchanger for cracks to avoid deadly carbon monoxide leaks.
- Tracking warm air flow and blower operation to ensure peak performance.
- Inspecting the gas valve to make sure fuel supply pressure is correct.
- Checking electrical parts for damage.
- Checking your thermostat to make sure 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, many manufacturers require it to keep your valuable warranty valid. This warranty protects you if a major component, 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 overlook 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 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 every visit
For the greatest comfort, 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 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 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 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 adjust accordingly.
- Eco mode settings that instantly adjust 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 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 take care of creating an efficient schedule that potentially lowers your heating bill, but you'll need to set it for a few days so it can pick up on your temperature preferences. We suggest using 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 cold, 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 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 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 keep 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. 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 affects how heating systems distribute warm air.
- Consider installing additional ceiling insulation, since your home leaks a lot of hot air through the attic.
- Book 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, locate 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 range from 60-67 degrees, depending on your personal preferences.
Try testing your thermostat for about a week to choose the right temperature. Start with the temperature set at 67 degrees and lowering it by a degree every evening. You may feel cold at first, but you'll probably be amazed how comfortable you can be at a lower temperature. And how much it can impact 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 running and your pipes from icing. But don't be tempted to jack up your furnace when you get back, instead of switching it back to 68. This won't heat 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 use the Department of Energy’s suggestion to set your thermostat back 7-10 degrees while you're gone. Doing this while you're at the office can save you up to 10% on heating bills each year.
4. Upgrade Your Furnace
Updating your old, 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.
Newer furnaces have an average AFUE of 95%, while old models only attain around 80%. Getting a new furnace that's 15% more efficient can result in big savings on your heating bills over your furnace's life. While your exact utility bill savings 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 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. Many furnaces last between 15-20 years with adequate maintenance. If yours is close to this age, you should start preparation for replacement to prevent 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 recommend buying a new one. This also applies if repairs are becoming more frequent.
- Decreased comfort and more expensive heating bills. As your furnace gets older, it needs more energy. You'll see this through your home being less cozy and your heating bill being more expensive.
- 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 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 generating carbon monoxide, which can be dangerous in large doses. Furnaces seeping this dangerous gas should be taken out right away.
We understand that furnace replacement is a major investment. It can also be a surprise that you're not completely prepared for. That's why we offer the Service Experts Advantage Program™. This hassle-free subscription program is transforming home comfort by including everything, with no big up-front cost or down payment needed.
For just one low monthly fee, you'll get:
- A new, high-efficiency furnace, as well as 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 added charge*
- 15% discount on air purification products
- Lifetime thermostat warranty
- Home Health™ Report Card and 29-point visual check on each visit
- Regular preventive maintenance and energy savings up to 30%**
H2: Save Money on Heating Costs with Becht/Givens Service Experts
Although natural gas prices are going up, there are many ways to lower your heating bill with our Expert assistance. To begin, contact us at 502-785-8230 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.