#ActAndSave: Spike in Oil and Gas Prices

#ActAndSave: Spike in Oil and/or Gas Prices

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The US Energy Information Administration is forecasting double-digit percentage increases in average heating oil and propane prices this year thanks to higher crude oil prices, colder winter temperatures and lower fuel inventories compared with last year. By finding easy ways to save energy in your own home, you can prevent a big jump in your utility bills—all while staying comfortable this winter.

Sealing uncontrolled air leaks can save you 10-20% on annual heating bills realizing an average annual savings of $83-$166

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Recommendation

Where’s the best place to start? Improving your home’s insulation and sealing any drafts are great solutions to maximizing energy savings before making any equipment upgrades according to experts.

  • Seal gaps around windows and doors with caulk or weather stripping to keep the cold air out.
  • Add insulation to your attic and/or walls to save up to 30% on winter heating costs. You can even insulate your water heater tank and hot water pipes to save money on your water heating bills.
  • Purchase a programmable thermostat to help maintain a comfortable and consistent temperature in your home while saving energy and money.  And, make sure you’ve set the thermostat properly with some tips available here.
Take Action
  1. Get informed: Whether you are a DIY kind of family, or looking to hire a local contractor to do the work, starting with the right information is essential:
    1. Know your performance: Check your recent utility bills, or search for your address on home energy performance sites like myutilityscore.com or clearlyenergy.com to see how your house stacks up.
    2. There are helpful tips and resources at ENERGY STAR’s online “Home Energy Knowledge Center”, where you can match your biggest concerns with the best home energy improvement project. Or, check out the best recommendations by zip code provided by the US Department of Energy.
    3. Consider a home energy audit where a certified Home Energy Rating System (HERS) or Home Energy Solutions (HES) professional can identify the right improvements to save energy and money in your home.
    4. See what financing options you may quality for, with the Database of State incentives, your local electric utility, or options from traditional lending institutions.
  2. Act: Ready to take on your home improvement? Here are a few things to consider:
    1. Hiring help? Find a qualified contractor in your area with like BPI-certified contractors.
    2. Going the DIY route? The DOE’s DIY energy saver guide includes project tips, material guides, and more.
  3. Share: Snap a picture and tell us what you’re doing to improve your home’s performance this winter—tagging us at [fill in network’s social media username]. We may feature your project in an upcoming news segment.

Programmable thermostats can save an average of 10% per year on home heating costs

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Quick Facts

Source: US Department of Energy

  • Sealing uncontrolled air leaks can save you 10-20% on annual heating bills, realizing an average annual savings of $83-$166.
  • Weatherstripping double-hung windows can save 5-10% annually on heating bills, an average savings of $42-$83.
  • Insulate water heater tank to save 7%-16% annually on water heating bill—which is $20-$45 on average.
  • Insulating hot water pipes can save 3-4% annually on your water heating bill, an average of $8—$12.
  • Programmable thermostats can save an average of 10% per year on home heating costs.
Social Media Posts

Establish a hashtag for your network in order to share these and similar tips with viewers and followers:

  • Looking for ways to beat high energy bills this winter? Start by improving your home’s insulation and sealing any cracks to cut down on wasted energy, save money, and improve comfort. goo.gl/RuPQuN #ActAndSave

  • Did you know adding insulation to your walls and attic can save up to 30% on winter heating costs? Take a bite out of those growing utility bills with some no regrets home improvements. goo.gl/ndZCsU #ActAndSave

  • Share your home energy improvement story with us for an opportunity to be featured on a future program. #ActAndSave

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