5 Ways to Slash Heating Costs

Now that temperatures are dropping across the country, its time to think about how you can slash your heating bills for the season. Here are five low-cost and/or no-cost moves to help you save money while staying comfortable at the same time.

1. Add insulation. Adding insulation and weather stripping can slash your annual energy costs up to 30% by keeping out the cold or heat and minimizing the stack effect. Start by sealing large gaps around the chimney, furnace flue, plumbing pipes, ductwork, light fixtures, and soffits in your attic. Then lay insulation between attic-floor joists and on the hatch or door, or add more if it’s already there. Look for insulation that’s become dirty, a sign of air movement that reveals other gaps you must fill. Also, insulate ducts running through the attic.

2. Seal up the leaks. Caulking and weather-stripping cracks and gaps around your home are some of the most cost-effective steps you can take to conserve heat. Focus on the attic, basement, windows, and doorways. Also. check near pipes, vents, or electrical conduits that go through the wall, ceiling, or floor. When sealing leaks, use “no-VOC” or “low-VOC” caulking to minimize potentially harmful indoor gases. Look for these products at your hardware store or online.

3. Program thermostats for savings. Shave up to 20% off your heating costs by lowering the thermostat 5 degrees F at night and 10 degrees F during the day if no one is home. Most electronic setback thermostats let you set different schedules for weekdays and weekends. Some automatically switch from heating to cooling, and many tell you when it’s time to change your furnace or air-conditioner filter.

4. Save money on hot water. Insulating hot-water pipes and lowering the temperature on your water heater from 130 degrees to 120 degrees can help you save up to 5% on your energy bills.

5. Shorten showers. Showers account for two-thirds of your water-heating costs, so even shaving off a few minutes can help. Replacing a showerhead that’s more than 12 years old with a low-flow model can save up to half the hot water used for showering.

Source:  The Real Estate Book