How Can I Lower My Oil Bill?

December 20, 2013

Your oil bills may be high because it is peak heating season in Cincinnati, Ohio. Since many of your neighbors also use oil furnaces to heat their homes, the demand is high—especially on colder weeks here.

Oil prices can fluctuate for many reasons, including:

  • Seasonal demand spikes
  • Changes in the cost of crude oil
  • Local market competition
  • Regional operating costs
  • And more

Heating oil prices will naturally fluctuate, but aside from playing the market of oil rates with your local utility company, you can take some measures inside your home with your HVAC systems to decrease the amount of fuel your furnace needs to keep your home just as warm.

Fill Your Oil Tank During the Off-Season

Most heating oil is used from October through March, and many homeowners need to refill their oil tanks at some point during the winter to make it through without freezing. Even if you fall into that category, you should try to fill your tank as much as possible during the off-season (spring and summer months) to try to beat rising winter prices.

Schedule Oil Furnace Annual Maintenance & Tune-Ups

One proactive measure you can take to off-set higher oil heating bills in the winter is having your oil furnace inspected by a professional heating technician before the heating season. An oil furnace tune-up can prevent potentially expensive repairs down the road and even maintain your manufacturer’s warranty.

While this won’t lower your oil prices, it can improve you’re the efficiency of your furnace, thus reducing monthly utility costs.

Install an Energy-Efficient Oil Furnace

Certain oil furnaces are much more energy efficient than others—saving you money if your furnace doesn’t have to work as hard to maintain a set temperature in your home. The efficiency is measured in AFUE and according to the Department of Energy (DOE), most new oil furnaces must rate between 80 – 90 percent AFUE.

The most efficient furnaces are ENERGY STAR qualified, which, for oil furnaces, have an AFUE of above 85 percent. According to the DOE, ENERGY STAR certified oil furnaces are up to 4 percent more energy efficient than standard models—saving an average of $66 in energy costs each year.

At Rick’s Heating & Cooling, we have installed many energy efficient Armstrong oil furnaces in homes throughout the Cincinnati area of Ohio.  Armstrong Air Advantage Series oil furnaces provide heating that is both reliable and affordable.

Available in a variety of highboy, downflow/horizontal, and lowboy configurations, the Advantage Series delivers exceptional comfort choices for any home. To learn more about our oil furnaces, schedule an in-home estimate and talk with one of our HVAC experts to select the best oil furnace on your budget.

Inspect & Seal Your Ductwork

If you are still losing money on your oil bills, yet you have an energy efficient heating system and are following our other tips, you may be wasting fuel (and cash) due to poor duct sealing. According to ENERGY STAR, you can waste as much as 20 percent of the air moving through your ducts because of leaks and gaps.

Duct sealing is a way to combat this loss and can decrease your home heating bills, as well as:

  • Improve overall comfort
  • Improve indoor air quality
  • Contribute toward a healthier environment
  • And more

If you want to improve your home comfort and save money on your oil bills, contact Rick’s for duct sealing today. We know exactly how your ductwork should operate, and we can help you determine whether or not duct sealing is right for you, depending on your home heating habits.

Contact Rick’s Heating & Cooling to Save on Heating Services

Saving money, especially around the holidays, is always a main priority for our family of customers at Rick’s Heating & Cooling. If you’d like to schedule a service visit for your oil furnace, ductwork, or any other heating-related concern, contact us today!

We can install, replace, repair, and inspect your home heating system and recommend affordable services that will not only help you save money from energy efficiency, but also keep your Cincinnati home comfortable and warm this winter.