Rising Energy Costs Will Mean A Higher Heating Bill This Winter
With the price of oil inching closer to $100 a barrel everyday, home heating bills will rise again this winter. Those that use home heating oil will be hit the hardest but even those who use natural gas and electric heating systems won’t be spared a hit to the wallet.
While only a minority of the country still uses oil to heat their homes, estimated at around 7%, they are predominantly located in the northeast, where temperatures have been unseasonably warm the past 2 years. If the weather returns to its normal pattern in the region, consumers there could see their bills rise higher than even what most analysts are anticipating.
But it’s not too late to get ready. While it can be expensive to convert heating systems, natural gas is substantially cheaper than oil heating and will save you money over the long run. Utility companies may offer discounts for new customers and your local government will often offer tax credits for the installation of a natural gas heating system as well as for the disposal of your old oil tank.
If you live in an old house, getting new triple paned windows can save you a significant amount of money. Installing new insulation is another popular method to help conserve heat.Â
If the above things are out of your price range then there are still many little things you can do as well, as there are many web sites out there that offer tips on how to “winterize” your home. If your from a qualified low income family, many local governments will offer programs that provide a subsidy to help assist your heating needs.
