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 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 previously gotten more expensive around the world, according to Reuters. This is because the demand for energy is now greater than the available supply.
How Higher Natural Gas Prices Will Affect You
Higher natural gas prices will affect you as you turn 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, in contrast to last year.
- 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 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. Schedule a Furnace Tune-Up
Schedule furnace maintenance from an HVAC professional before the heating season starts. You'll get more efficiency and it's less expensive than repairing your heating system later on in the year.
This service includes:
- Testing and cleaning gas burners for proper operation.
- Examining the heat exchanger for cracks to prevent deadly carbon monoxide leaks.
- Monitoring warm air flow and blower operation to ensure peak performance.
- Inspecting the gas valve to ensure fuel supply pressure is correct.
- Checking electrical parts for damage.
- Checking your thermostat to make sure it’s working right.
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 protects you if a major part, like 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 overlook scheduling 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%**
- 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
2. Install a Smart Thermostat
HVAC professionals advise updating 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 adapt accordingly.
- Eco mode settings that automatically 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 has valuable rebates for adding a smart thermostat, since they're ENERGY STAR® qualified. These rebates may cover a portion or even the full cost of the thermostat, so check with your natural gas supplier before you buy one.
3. Select Energy-Efficient Thermostat Settings
Your smart thermostat will handle creating an efficient schedule that likely reduces your heating bill, but you'll need to program 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 the greatest 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, 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 keep out cold air.
- Cover drafty windows with plastic sheeting to stop 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 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 stopping cold air drafts and keeping warm air where it belongs.
- Make sure heating vents are open. Closing 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 installing extra ceiling insulation, since your home loses a lot of hot air through the attic.
- Book 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 sleep best in a cool 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 find the ideal temperature. Start with the temperature set at 67 degrees and lowering it by a degree each evening. You may feel chilly initially, but you'll likely be surprised 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 freezing. But don't be tempted to jack up your furnace when you return, instead of setting it back to 68. This won't heat 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 advice 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 each 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 old models only achieve 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 local weather and your temperature preferences, these cost savings could help your primary heating source pay for itself over time through a cheaper natural gas bill.
When to Start Considering Furnace Installation
Here are a few other signals that it's time to start considering furnace installation:
- Age. Many furnaces last between 15-20 years with adequate maintenance. If yours is near this age, you should start preparation for replacement to prevent being without heat when your furnace goes out for good.
- Repair frequency and cost. If your furnace repair bills are greater 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 gets older, it uses 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 sound as it turns on and off. But some noises, particularly rattling, banging or screeching, are an obvious sign that something's awry. Based on the severity 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 using more fuel and may even be producing carbon monoxide, which can be fatal in big doses. Furnaces leaking this deadly gas should be taken out immediately.
We understand that furnace replacement is a big investment. It can also be a shock that you're not fully ready for. That's why we offer the Service Experts Advantage Program™. This hassle-free subscription program is revolutionizing home comfort by including everything, with no large up-front cost or down payment needed.
For just one low monthly fee, you'll receive:
- 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 each visit
- Annual preventive maintenance and energy savings up to 30%**
Save Money on Heating Costs with Finch Air Conditioning & Heating
Although natural gas prices are on the rise, there are many ways to lower your heating bill with our Expert assistance. To get started, call us at 281-407-9478 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.