How to Lower Your Heating Cost This Winter

In fall 2022, the National Energy Assistance Directors Association warned that heating costs will be the highest in 10 years as households pay nearly 18% more this winter. Between the 2020-21 and 2022-23 winters, home energy costs increased by 36%. What can you do to stay warm and save energy costs?

The National Resources Defense Council advises that you check your home for air leaks:

·       Nearly one-third of a home’s heat loss occurs through windows and doors.

·       Air can leak through electrical outlets, baseboards, and attic hatches.

·       Caulking leaks can save the average household up to $166 per year.

·       Weather-stripping windows can save up to $83 per year.

Next, check your energy usage habits:

·       Lowering the thermostat by 10 to 15 degrees Fahrenheit for 8 hours at night can save as much as 10 percent on your heating bills.

·       A smart thermostat saves about $180 per year in energy costs.

·       Just one LED bulb can save you $50 over its lifespan. Multiply that by the average number of light sockets in a home – 40 for a savings of $900.

·       A gaming console uses at least 10 times more energy to stream a movie than a Roku box or smart TV app.

Geico.com suggests lowering your water heater from 140 degrees to 120 degrees to save as much as $400 annually. Keeping a fan running clockwise pushes warm air near the ceiling back into the room. And don’t forget to close the fireplace hamper when not in use.