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Winter heating bills are set to rise significantly due to increased energy demand and gas heating prices. If you’re looking for ways to lower your energy bill, you may consider adding insulation to your home and upgrading to a more efficient heating system like a heat pump.
At a Glance:
- Winter heating bills are increasing due to higher gas heating prices and increased energy demand.
- Most homes lose heat due to poor insulation, driving up your energy bill.
- Weatherizing your home and upgrading to energy-efficient heating systems like a heat pump can lower your energy bill.
If you're wondering, "How to lower my energy bill?"—you’re in the right place. We all enjoy staying cozy during the colder months, but the downside of doing so is getting slapped with those high winter heating bills.
Some of the factor affecting gas heating prices include:
- Increased energy use due to extremely cold weather
- Inflation and supply chain disruptions from COVID-19
- Natural disasters
The U.S. Energy Information Association (EIA) has forecasted significant price hikes across various heating fuels, which will directly affect your winter heating bill:
- Natural Gas: Expect a 28% increase, with average bills around $930 this winter. If you’re in the Northeast or Midwest, your bills could exceed $1,000.
- Heating Oil: For the 4% of Americans using heating oil, costs could rise by 27%, with average bills around $2,350.
- Electricity: Expect a 10% increase, bringing average bills to about $1,360.
- Propane: A 5% increase is expected, particularly in the Northeast, with average costs nearing $1,970.
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Why is my heating bill so high?
Your winter heating bill is high for two main reasons:
- Energy costs are at a peak, with gas heating prices soaring.
- Your home is leaking heat due to a lack of insulation.
Most homes in the U.S. lose heat through small gaps and insufficient insulation, leading to higher energy usage. Upgrading your home’s insulation, air sealing, and heating system can help lower your energy bill.
What to do if you need help paying your winter heating bills
If you’re struggling with heating costs, contact your utility company about budget billing options or seek assistance from state and federal programs like the Weatherization Assistance Program. These resources can provide crucial help with managing your energy bill.
How to save on your energy bill
- Replace air filters regularly and get an annual tune-up to ensure efficiency.
- Seal gaps and add insulation, especially in the attic and foundation, to prevent heat loss and lower your energy bill.
- Lower your thermostat by 10 degrees when you’re not home, or use a smart thermostat to save up to 15% on your winter heating bill.
- Upgrade to a more energy efficient system, like a heat pump which can help you save hundreds of dollars a year.
Lower your winter heating and summer cooling bill with a heat pump
If you’re ready to make the switch to a heat pump, the experts at Tetra are ready to help you at every step of the way. From finding the right contractor for your home, to helping you score rebates from the government, Tetra is here for you. Schedule your free, virtual estimate today.
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