Winter Will Be 18% Colder, More Costly

The U.S. Energy Information Administration has released it's short term Energy & Winter Fuels Outlook, and be prepared....this winter is forecasted to be 18% colder.  If temperatures stay as forecasted, the average homeowner should anticipate an increase of anywhere from 5-19% in their heating bills over last year (depending on heating type).

This will really give you the chills though:  If temperatures are 10 degrees colder than the forecast, that range jumps to an 11-32% anticipated increase.

NOW is the time to prep your home for winter - not when you're cold in your house with a high energy bill in your hand!

Let's talk about that thermostat for a minute first.  All the conventional information will tell you to drop your house temperature to 68 degrees or less to save money, varying the settings between when you are away, when you are home, and when you're sleeping..  And sure, if you do that, you will lower your energy bills.

However, I can tell you that our thermostat never goes that low - we're simply not comfortable at those temperatures, especially our 22 month old.  In my view, you need to save money but you also need to enjoy your living space.  Wearing 3 layers and being wrapped in blankets for 3+ months just isn't our idea of enjoyment.

(What I really get a kick out of is hearing that some of my friends set their thermostats low....and then run space heaters everywhere!)

Here's the big message - it doesn't have to be an either/or scenario.  You CAN lower your energy bills AND be more comfortable in your home - IF you know what to fix, and where.

Common areas of home air leaks.
Source: Energy.gov

It makes far more sense to spend about $400 (depending on the size of your home) to know exactly what energy-saving and comfort-maximizing improvements you should invest in - instead of sending extra money to the utility company.  At the same time, you'll also boost the resale value of your home (per a recent report, wanting a more Eco-conscious home is now one of the top 5 reasons people decide to move).

Most people are pleasantly surprised to learn that the improvements they really need are not that expensive.  For example, the national average for air sealing is only about $1,400.  Now that's not necessarily peanuts, but it's certainly cheaper than buying new windows or a HVAC system, or continuing to pay high energy bills year after year.

Like it or not, winter is on it's way  - and an ounce of prevention can save you $$$$ this heating season!