Here’s How You Can Lower Your Heating Bill This Winter

Here’s something that’ll send a shiver down your spine: Heating your home is going to be noticeably more expensive this winter.

In fact, Americans are about to see the largest spike in their heating bills in more than a decade. But we’ve got eight tips to help you lower your own heating bill.

The average cost of heating a home this winter is expected to rise $177 to $1,202, a 17% increase compared with last winter, according to a new report from the National Energy Assistance Directors Association (NEADA). The group is also predicting a 42% rise in the cost of household electricity compared with the winter of 2020-2021.

This will be the second winter in a row with significant price increases for heating, according to NEADA. The organization’s members are the state directors of the federal Low Income Home Energy Assistance Program, which helps poor households with energy costs.

Why the increase? Mainly it’s because hot temperatures over the summer sent the price of natural gas soaring as Americans cranked up their air conditioners to beat the heat, according to NEADA Executive Director Mark Wolfe. Natural gas prices have spiked to a 14-year high .

NEADA says about 90% of our heating and cooling costs are tied to the price of natural gas, either directly or because natural gas is used to create electricity. And natural gas production is still recovering after waves of shutdowns during the COVID-19 pandemic.

What Can You Do About High Heating Bills?

If you’re a homeowner, the best way to reduce your heating bills over the long term is to improve your insulation or even invest in better windows, although both of those plans cost money.

If you’re a renter or you’re a homeowner on a budget, we have cheaper ways to cut back on your heating bill.

Here are some options to consider:

1. Insulate Yourself

Your attic could be allowing warm or cool air to escape, driving up your power bills. Look around your attic and basement for blackened…

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