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Home Energy Bills: Are You Being Fuelish? Talking About Moneywith Jim Larranaga

According to the Department of Energy, the average family spends close to $1,300 a year on home utility bills and anywhere from 10% to 50% of that expense is unnecessary.


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According to the Department of Energy, the average family spends close to $1,300 a year on home utility bills and anywhere from 10% to 50% of that expense is unnecessary. Lowering your home energy consumption is good for you and good for the planet.

With cold weather approaching, it's time to make your home more energy-efficient and comfortable. These eight tips could save you thousands of dollars in years to come.

1. Hot water heater
If you have a gas water heater, make sure the flame is blue; if it's yellow, your unit needs servicing. Lower the water heater setting to 120 degrees F (provided your dishwasher has a booster heater; detergents clean best at 140 degrees F). Insulate your water-heater tank if it feels warm to the touch. An insulating blanket will pay for itself in one year or less! Insulate hot water pipes where they're reachable. Drain a quart of water from the water-heater tank four times a year to remove sediment.

2. Furnace

Lower the thermostat on your furnace. Experts estimate you can save 2 percent of your energy bill for every degree that you lower your thermostat. Try maintaining a temperature of 65 degrees during the day, but lower it slightly at bedtime. Better yet, install a clock thermostat to set the temperature back automatically when you're at work and at night. Replace or clean air filters monthly. Check for open fireplace dampers. Insulate heating ducts that leak heated air into the attic and crawl spaces, and move furniture off floor vents.

3. Appliances

Clean the coils on your kitchen refrigerator and unplug that extra refrigerator in the garage - during winter, the ambient temperature in northern climes is low enough to keep foods cold. In your washing machine, rinse with cold water and use hot water only to clean heavily soiled clothes.

4. Windows and doors

Heat loss through and around windows accounts for 10% to 25% of your heating bill. Caulk, seal and weather-strip all seams, cracks and openings to the outside.

5. Lighting

Replace incandescent light bulbs with compact fluorescent bulbs. Compact fluorescent bulbs last up to 10 times longer, use 1/4 the energy and produce 90% less heat, while producing more light.

6. Bathroom

Buy low-flow showerheads and faucet aerators. A family of four, each showering for five minutes a day, uses 700 gallons of water a week. You can cut that amount in half with low-flow showerheads and faucets.

7. Attic

If you have less than 7 inches of fiberglass or rock wool or 6 inches of cellulose insulation in your attic, you could probably benefit by adding more.

8. Landscaping

Deciduous trees planted on the south and west sides of a home will allow the sun to shine in the windows in the winter and help keep the home cool in the summer. The Department of Energy estimates that three properly placed trees can lower the average home's energy bill by $100 to $250 a year.

Win $50 In A Consumer Poll

I'd like to hear what you have to say about this column as well as any questions you might have about money. Visit my Web site at www.talkingaboutmoney.com and answer questions like the one below. Then post any question you would like answered in future columns. If you're the first to post a question chosen because of its broad interest, you'll receive $50. Winners are notified by e-mail.

Q: When buying a new appliance, how important to you is the energy rating?

A) Very important

B) Important

C) Indifferent

D) Unimportant

E) Very unimportant

Jim Larranaga is Executive Vice President of Priority Publications, a Minneapolis-based publisher of financial newsletters.

Courtesy of ARA Content, www.aracontent.com, e-mail: info@aracontent.com

###

EDITOR'S NOTE: If you would like to add a library of 100 financial articles to your Web site, or run "Talking About Money" as a regular weekly column, contact Jim Larranaga at 1-800-727-6397.

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