5 Money Saving Tips on Heating Your Home
When temperatures drop in Northwest Florida and South Alabama, heating your home can become an unexpected expense. Fortunately, there are ways to stay warm without breaking the bank. Here are five tips to help you save money and stay cozy during the colder months.
1. Seal Drafts and Insulate
Windows and doors can let in plenty of light, but when it’s drafty, they can cause your heating system to work overtime— increasing your energy bill. Use weatherstripping or caulking to seal gaps around windows and doors. If you already have it, check how it’s holding up and if it needs replacing. While it does have an upfront cost, adding insulation in attics, walls, and crawl spaces can also make a big difference by keeping the heat inside your home where it belongs.
2. Use a Programmable Thermostat
A programmable thermostat— or a smart thermostat— can save you money by automatically adjusting the temperature when you’re not home or asleep. Adjusting the heat by just a few degrees during these times can significantly reduce your energy usage without sacrificing comfort.
3. Schedule Regular HVAC Maintenance
Keeping your HVAC system in top condition can improve its efficiency and extend its lifespan. Schedule a professional tune-up before the heating season starts to clean filters, check for leaks, and ensure everything works properly.
4. Upgrade to an Energy-Efficient HVAC System
Older heating systems are often less efficient and cost more to run. If your HVAC system is outdated or struggling to keep up, consider upgrading to a more energy-efficient model. While the initial cost might seem high, the long-term savings on your energy bill can be large.
5. Tap Into Solar Heating Options
Even in winter, the sun can be a powerful ally. Open your curtains during the day to let in natural warmth and close them at night to trap the heat. Escambia County Emergency Management also recommends opening kitchen and bathroom cabinet doors to allow warmer air to circulate around the plumbing. Don’t forget to move any harmful cleaners and household chemicals to be out of the reach of children.
While tips 1-4 may have some upfront costs for supplies and/or professional service, these efforts can provide up to 10-20% in energy savings, according to the U.S. Department of Energy. Need help covering the cost? PenAir Credit Union offers several home loan options that can help you finance the upgrade:
- Home Improvement Loans: These are personal loans specifically designed to cover home-related expenses. No equity is needed; you can borrow up to a certain amount based on your creditworthiness.
- Home Equity Line of Credit (HELOC): A HELOC lets you borrow against the equity in your home. It’s a revolving credit line, which means you can draw funds up to your limit as needed, making it a flexible option for ongoing projects.
- Personal Loans: If you don’t want to use your home as collateral, a personal loan is a straightforward option for financing smaller upgrades.
Each loan has unique features and benefits, and if choosing the right financing option can feel overwhelming— you don’t have to do it alone. PenAir’s team members are here to help you find the perfect fit. Visit penair.org/loans or stop by one of our branches to learn more and start saving on your heating costs today!
Meet with a Financial Coach
Change the way you think about your financial future.
