Choosing propane is the smart choice.
As energy prices continue to fluctuate, millions of homeowners still choose propane because it’s the same clean, safe, reliable energy source it’s always been. We’re here to help you understand some of the factors influencing the energy industry, while providing ways to conserve resources and save you money.
What causes rising energy prices?
In recent years, virtually every fuel source has experienced an increase in price. Three main factors contribute to higher propane prices:
- Higher Crude Oil and Natural Gas Prices. Because propane is produced from both crude oil and natural gas, its price generally follows those energy sources.
- Seasonal Weather Conditions. Colder temperatures during the winter months increase the demand for propane, particularly for home heating, which reduces supplies and leads to higher prices.
- International Influences. The global propane market is constantly changing. New customers all over the world are turning to propane as a home energy source. As a result, there is increased competition for propane, which means higher prices.
How to lower your energy costs.
Some simple steps you can take to lower your energy bill year-round:
- Inspect and tune up your heating system regularly. Contact your local propane retailer to ask about a home heating system inspection. A properly installed and maintained heating system is efficient and safe.
- Change your furnace filter monthly. Clean filters will increase efficiency. If on a monthly payment plan, use receipt of your monthly propane bill as a reminder.
- Invest in a programmable furnace thermostat timer that lowers your home’s temperature when you are not at home. You can cut annual heating bills by as much as 10% per year by turning your thermostat back 10-15% or eight hours per day.
- Protect against drafts by caulking and weather-stripping around windows, doors, and other openings.
- Close vents and doors in unused rooms. Make sure your attic and basement are properly insulated.
- Decrease your water heating bill by turning down your water heater from the standard 120 degrees to 115 degrees.
- Install flow-restricting shower-heads and reduce hot water usage by up to 50% without affecting shower pressure.
- Run washing machines and clothes dryers with a full load.
Create your energy plan.
- If you’re not on a regular delivery schedule, you should consider filling your propane tank before the start of the heating season – don’t wait until it is empty.
- Discuss payment plan options with Propane Northwest. Some retailers will help you spread your projected annual cost of propane over many months, spreading out the costs of seasonally higher bills.
- The federal government is offering tax credits, which are available for certain home improvements. These include high-efficiency heating and cooling equipment such as propane water heaters and furnaces. For more information visit energytaxincentives.org.