Many of us felt the autumn chill this week and switched on the furnace. Once the bill comes in the mail, you may be in for a little sticker shock.
According to the U.S. Energy Information Administration, nearly 50% of US households heat with propane. They’re expecting consumers to spend 30% to 50% more this year on fuel costs.
The current national average is $2.67 a gallon, up 89-cents from this time last year.
Propane costs an average of $3.30 a gallon across Virginia. Last year, the price was $2.57. The increase would make it the biggest jump since 2014.
However, higher costs don’t stop with propane.
The Energy Information Administration expects natural gas to jump 30% and electricity by 6%.
Experts say you need to prepare now before it gets too cold to keep money in your pocket.
“Weatherstripping on your doors, weatherstripping on your windows, insulation in the attic, insulation in the crawlspace. No leaks or cracks around the house. You’d be surprised that houses settle and all that does is allow cold air in, and it kills your heating bill," Donald Fouts, owner of Comfort Cooling Heating & Air, said.
Experts also recommend a tune-up for your system, especially if have an older unit to prevent major problems.
COVID-19 has caused some issues with the parts supply chain. Technicians are still working to overcome this issue, and it may create longer downtimes if your heat goes out.
The City of Danville is also offering a $75 rebate for any HVAC tune-up.
For more information, click here.