The cold winter weather is on its way and for some homeowners that also means high gas bills.
In attempts to keep your home warm and comfortable while combating the outside frigid temperatures, your furnace is probably working overtime. The constant running to try and maintain a warm home is just one of the causes of higher gas bills.
RetroFoam of Michigan has more than 15 years of experience insulating thousands of homes across the Mitten. While we know all about installing foam insulation, we also know how to save customers money on their monthly heating bills.
In our continued efforts to educate homeowners, we have compiled information on what is driving those higher winter gas bills.
Why is My Gas Bill So High?
Dry natural gas production is forecasted to continue to grow as use and demand also continues to rise.
U.S. dry natural gas production is projected to reach an average of 73.7 billion cubic feet per day (Bcf/d) in 2017, which is a 1.4 Bcf/d increase from 2016. Natural gas production in 2018 is forecasted to be 4.4 Bcf/d higher than 2017, according to the U.S. Energy Information Administration.
So what does this mean for natural gas prices?
Natural gas residential customers will pay around $11.05 per thousand cubic feet in 2017 with that price projected to drop in 2018 to about 11.02 per thousand cubic feet.
So, if the cost of natural gas for homeowners is going down, why are those monthly bills still so high?
That’s an easy question to answer and you need look no further than the inside of your home – air leakage caused primarily by poor insulation.
If you are finding that your floors are cold, you feel drafts, and it seems like your home just isn’t getting warm, then you are losing the heated air you’re paying for and the cold outside air is getting inside.
- Old or insufficient insulation in the attic means all of that heated air in your home is escaping right out of your roof. This can lead to a number of problems, including ice dams, which could end up costing you even more money.
- Little to no insulation in your walls will lead to rooms that are too cold, uncomfortable drafts, and walls that are cold to the touch.
- If your crawl space is lacking insulation you are probably dealing with cold floors, cold air blowing through your ductwork, and pipes that freeze when the temperature drops. These same symptoms will be noticeable if your rim joist is in need of insulation.
All of the problems listed above are the top reasons your natural gas bills are through the roof. The colder your home is, the more you are running your furnace which means the more natural gas you are using.
How to Lower Monthly Natural Gas Bills in Winter
There are a number of ways you can save money on your monthly natural gas bills.
- Set your thermostat just a few degrees lower to a comfortable temperature. This small adjustment can make an estimated 1 to 2 percent difference on your annual heating costs. Using a programmable thermostat can make it easier to set the temperature in your home for different times of the day like when you’re sleeping or when you’re not home.
- Covering your windows can cut about 25 percent of heat loss in your home, according to Popular Mechanics.
- Stopping air leaks in your ductwork will reduce forced-air heat loss. The loss of that treated air is around 20 to 30 percent due to holes and poorly connected ducts.
- Stop drafts from coming through electrical outlets, holes in exterior walls, and from doors and windows.
- Add insulation to your existing home. Insulating your entire home with foam insulation can make your home warmer and more comfortable while saving you money on natural gas bills. Insulating the entire home – attic, walls, crawl space, and rim joist – is recommended as every area works together as a system. Only insulating the walls will not help with cold floors, just like insulating your attic won’t help with cold walls.
Benefits of Foam Insulation
Foam insulation creates an air barrier that will keep your home nice and toasty in those winter months without costing you a fortune in monthly gas bills. The air barrier also helps to keep the air circulating throughout your home without escaping through the foam like other traditional insulation material.
If you would like to learn more about the benefits of foam insulation, check out the learning center on our website.