Prime Rates
U.S. Effective Date: 12/16/2008 Latest Wk ago U.S. 3.25 3.25 Canada 3.00 3.00 Euro zone 1.00 1.00 Japan 1.475 1.475 Switzerland 0.50 0.50 Britain 0.50 0.50 Australia 4.25 4.25 Blogroll
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Category Archives: heating bills
Winterize Your Home
If you have ever had an energy audit or seen pictures of houses that have had one, you will not be surprised to know that a lot of us own homes that are leaking expensive warmed air. A few simple home maintenance tips to winterize your home can help you save on your heating bills. Light a Candle Air leaks in homes can represent as much as a nine-foot square hole in the wall where expensive heated air is escaping. Stopping these leaks could save you as much as 10% on your heating bill just by performing some simple fixes. On a day when the wind is blowing, light a candle or a stick of incense and check for leaks around windows, recessed lighting, doors, ducts, flues, electrical outlets—in short anywhere air could be escaping. Caulk and Block Buying silicone and weather stripping and filling cracks around windows and doors and weather stripping moveable parts will make for big savings on your heating bill. Installing door sweeps under exterior doors blocks exterior air from coming in and heated air from going out. Installing gaskets on outer wall electrical outlets stops cold air. In short, caulk or block air coming in or going out of anywhere a hole in your wall has previously been made. Get Your Ducts in a Row You could be losing as much as 60% of your heated air through your ductwork says the Department of Energy. Obvious fixes any homeowner can do is to look for any disconnections in the ductwork in the attic or basement and reconnect the ductwork with metal-backed tape or aerosol sealant. Do not use traditional duct tape, which tends to deteriorate. Look for dust or black stained areas on the edges of fiberglass showing where air is escaping. After making all connections, sealing all leaks and straightening all kinks in the ductwork, insulate it all with ductwork insulation, particularly in unheated spaces like the attic. (You might want to leave areas with electrical wires to a professional). Wrap Things Up Swaddle water heaters and pipes (especially if they are in unheated places, like the garage or basement). If you have not already, insulate your attic and all outside walls. Do not forget to insulate floors over unheated spaces like basements, crawl spaces and garages. Heat lost through floors can account for more energy loss than even windows and doors. Spend a Penney, Save a Penney Install storm or thermal windows and doors, if you can, if not, cover your windows with low cost plastic film. Better yet, consider replacing windows and doors with newer more energy efficient versions than the ones you have. Consider investing in money saving advancements like a smart thermostat, low-flow showerhead, and more energy efficient appliances. Of course, one of the best ways to save money is to replace an old heating unit. The savings in utility bills will pay for the cost of the unit in no time and for some units, there are tax savings. Many of these basic tips for winterizing your home does not take a lot of complicated do it yourself skills—just a little time and effort that could more than pay off in long term savings on your energy bills. Will you save enough money to buy that big screen TV you’ve been eyeing? It’s possible! So get to it. Continue reading
Five Ways to Lower Your Winter Heating Bills
Baby it’s cold outside! Time to pull out the blankets, snuggle into a comfortable chair and hibernate for the winter. Right? Unfortunately, for people like me who are less than enthusiastic about winter weather, life must go on—even when the weather gets below zero. Brrr! Temps below zero bring big heating bills that can wreak havoc on most people’s budget—particularly those with fixed incomes. One way to avoid huge jumps in monthly utility expenses is to have your energy company “levelize” your bill, if that is available, in order to keep your budget from bursting its seams every winter. In addition, the Department of Energy says it’s possible for consumers to save 20% or more on their heating bills by winterizing their home and following these heat saving tips: Turn Down A ccording to the Department of Energy , turning down your thermostat 10 degrees when you’re asleep and at work will save 14% on winter heating bills. In addition, no one will notice if you turn the water heater temperature to 115-120 degrees and it will cut down on your power bill. Cover Up It’s winter time so wear socks, sweatshirts, and sweaters. Don’t run around in t-shirt and shorts and adjust the temperature to keep yourself warm. Cover windows at night with curtains, shades or even blankets to help keep in the heat. Open the blinds or coverings during the day to help warm up your living area. Trim any vegetation that shades your windows, particularly windows facing south to let the low angles of the winter sun into your house. Cover up the entry to your attic with something that will stop the warm air from floating away through your roof. Turn Off Turn off fans in your kitchen and bathroom after they have done their jobs. Fans expel warm air, according to the Department of Energy. Leave the door cracked on your oven after cooking and let the heat escape and warm your house. Open the bathroom door after taking a shower and let the heat warm up adjoining rooms. Take shorter showers so you reduce the power needed to heat water. Use a space heater in the room you’re in to keep it comfortable without heating all of the other rooms. 4. Close up Closing vents in unused rooms will cut 100-200 square feet off the space being heated. Keep the dampers in fireplaces and glass doors closed when not in use otherwise since heat rises and is sucked out by the open damper. 5. Clean up Check filters every month. Clogged furnace filters prevent proper airflow and lower the heater’s efficiency. Check outside to make sure nothing has been stacked or draped over the unit and hose it down to clear dirt, leaves and grass clippings. To keep air circulating efficiently inside, ensure your vents are not blocked by rugs and furniture. The American Council for an Energy Efficient Economy recommends saving 3 to 10% by getting annual tune ups for oil fired boilers and checkups every two years for gas burners. Of course, the best way to cut your heating bill is to stop heat from escaping by winterizing your house. Winter maintenance includes everything from caulking cracks in doors and windows to stopping leaks in your ductwork. We’ll talk about some great tricks for finding and stopping leaks in a coming article. In the meantime, remember to turn down, cover up, turn off, close up and clean up your way to saving money on your winter bills. Continue reading
