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Optimal Finance Daily - Financial Independence and Money Advice
2941: 7 Ways to Save on Heating Costs This Winter by Hilary with Money Mini Blog on Energy-Saving Habits
Nov 19, 2024
Learn how to trim your heating bills this winter with smart strategies. Lowering your thermostat and wearing warm clothing can lead to significant savings. Discover how reducing drafts can save you 5 to 30 percent on energy costs. Plus, find out how a programmable thermostat can maximize your home’s efficiency. Small habit changes can add up, potentially saving you over $100. Don’t forget to reach out to your utility provider for free energy assessments to uncover more ways to save!
10:33
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Quick takeaways
- Lowering your thermostat by just one degree can save you between one and three percent on heating costs.
- Implementing energy-saving habits like using thermal clothing and sealing drafts can significantly enhance comfort while reducing expenses.
Deep dives
Reducing Heating Costs Effectively
Lowering your thermostat is one of the simplest yet most effective ways to reduce heating costs during winter, with savings potential of 1 to 3% for each degree decreased. Space heating typically accounts for around 40% of the average household’s energy consumption, making it a significant expense. Implementing gradual adjustments, like the '1 degree method', can help ease the transition to cooler indoor temperatures without discomfort. Additionally, layering clothing, such as thermal long underwear, can allow for a thermostat reduction of up to 7 degrees Fahrenheit, translating to substantial energy savings.
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