Winter is right around the corner and those heat bills rack up quicker then you think.
Here are some steps to lowering your bill:
1. Find untraditional heat sources. More efficient sources of heat are available, especially if the home is in a milder climate or if the home can be broken into zones.
A heat pump can help lower your electric bills by 50 percent if you currently use electricity to heat your home. Heat pumps cost about $7,500, but will pay for themselves with reduced energy costs. Radiant heat costs between $6,000 and $14,000 if covering your whole home, but you can often install it in a single room for around $700. Paired with a heat pump, this will keep your home warm while significantly lowering your energy bills.
2. Add extra insulation. The amount of insulation that your home needs is directly tied to the type of heat source you have. Many homes are actually underinsulated for their climate and their heat source, resulting in their furnaces or radiators having to work harder than they need to and causing a spike in energy bills.
3. Take care of your furnace. Furnaces are one of the most common ways to heat large homes. Unfortunately, they often have a wide range of efficiency that could be costing you more in monthly bills than they need to. If your furnace is less than 10 years old, make sure to schedule regular maintenance to keep it running at peak efficiency.
4. Make the switch to gas. If you’re currently heating your home with electricity or oil, you’re likely spending more each month than you would if you switched to natural gas. Gas furnaces are much more efficient than oil or electric heaters, which can save as much as 30 percent on energy bills each month.
5. Complete an energy audit. Your home may be losing a great deal of the energy you use to heat it, without you even realizing it. An energy audit—or a comprehensive look at how your home uses and loses energy—will help you find ways to make your home more efficient overall.
Credit: DAILY REAL ESTATE NEWS. “5 Tips For A Lower Heating Bill.” Realtor Magazine, 11 Oct. 2017, realtormag.realtor.org/daily-news/2017/10/05/5-tips-for-lower-heating-bill.