Winter is coming, and temperatures are starting to drop across the United States.
While the cool weather may sound nice after a scorching hot summer, homeowners are not looking forward to the increased heating bills on the horizon.
Home heating costs have reached their highest level in 10 years, and families will pay on average 17.2% more to heat their homes this year.
To help combat the rising prices, you can do a quick adjustment to your thermostat that will help keep your utility bills lower throughout the winter season.
Here’s the best temperature to set your thermostat at to maximize your savings, via CNET:
According to the US Department of Energy, it’s best to keep your thermostat at 68 F for most of the day during the winter season. For maximum efficiency, you should also designate eight hours per day during which you turn the temperature down by between 7 and 10 degrees. By following this routine, you may again be able to reduce your yearly energy costs by up to 10%.
Depending on your schedule and comfort preferences, you can decide whether you’d prefer to keep your home cooler during the day or at night. Some people prefer turning the heat down at night when they can cozy up under blankets and won’t notice the colder conditions. Plus, sleeping in chillier temperatures may be linked with getting more restful sleep.
For others, it might make more sense to turn the thermostat down during the daytime when they’re at work. Once you’re home, you can crank up the temperature to a more comfortable level.
So, why is 68 F the most ideal temperature during the winter months?
When you keep your home cooler during the winter, it will actually lose heat at a slower pace than if you set your thermostat to a higher temperature.
Your home will actually retain heat longer by setting your thermostat cooler, which will in turn decrease the amount of energy needed to keep your home comfortable.
That translates to reduced energy bills and more money in your pocket.
One final note, it is important to make sure that you install your thermostat away from drafty areas in your home. Also keep it away from areas that get direct sunlight. Positioning your thermostat in the right area in your home will prevent your thermostat from kicking on when it shouldn’t (hence saving you even more).
Here at Wise Money Life we are on a mission to help everyday Americans find ways to save money and increase their quality of life. Thank you for reading and make sure you take advantage of all the savings opportunities at your disposal.