Financial News

Taming Summer's Utility Bill Trifecta Surging Temperatures, Costs, Demand

By: NewsUSA

(NewsUSA) - Summer 2022 promises to be particularly challenging as it relates to America's home energy costs due to a confluence of three events - rising temperatures, costs and demand - resulting in homeowners facing an intensified fight to keep bills at bay.

The Farmer's Almanac predicts a "Sizzling Summer Ahead" stating this summer weather is going to be remembered as a hot one nationwide. Second, homeowners are experiencing a "rate shock" as the global energy crisis drives up prices with energy costs up 25.6% year over year, according to the Consumer Price Index. Third, there is surging demand due to our post-pandemic "hybrid home" dynamic. Studies support this trend with 83% of workers believing a hybrid model would be optimal going forward, according to an Accenture survey, and 87% of managers believing working from home is the future, according to Remote-How research.

The good news is that families can offset this "Utility Bill Trifecta" by following a few simple tips. With home heating and cooling accounting for nearly half of home energy use, small steps can go a long way.

* Ease Into Electric: According to Columbia University's Earth Institute, electric systems are a solution to decarbonize home climate control. Among the most energy-efficient heating and cooling products, electricity-powered ductless mini-split systems, offered by companies including Fujitsu General America, can save as much as 25 percent on your energy bill. Mini-splits use thin copper tubing to pump refrigerant from an outdoor compressor directly into an indoor air-handling unit, where the air is quietly distributed to the interior space.

* Get "Smart" About Climate Control: When it comes to smart home temperature control, there are Smart HVAC Systems and Smart Thermostats. Smart HVAC systems have built-in Wi-Fi and can be controlled directly without additional equipment. Smart Home Thermostats create "smart" systems by enabling remote temperature control via a mobile or Internet-con-nected device or voice-operated home automation system.

* Voice Your Preference: Take control of your comfort. Most HVAC manufacturers offer apps that enable systems to be controlled from anywhere using a mobile device. Voice-control capability uses digital assistants, like Amazon Alexa or Google Home, to verbally dictate home temperatures. Easily controlling the temperature more closely, allows homeowners to be more comfortable and improve energy savings.

* Find Your Efficient Comfort Zone: Many of us live in homes designed for bigger families, but have yet to downsize. If you find yourself using a fraction of your home on a regular basis, consider upgrading to a zoned ducted, or ductless system. That will allow you to save energy heating and cooling spaces where you and your family don't spend a lot of time. This will multiply savings as you're not only needing less cooling but you also gain from a more efficient system in the spaces you do still use.

* Try Low-tech Fixes: Simple changes can have a big impact. Try to use heat-producing appliances -- stoves, irons and dryers -- at night or early morning. Switch to LED light bulbs instead of incandescent bulbs - which consume 90% more power. Seal air leaks around windows, doors, and places where pipes and wires come through walls. Check existing caulking and weather-stripping for gaps or cracks.

Curbing energy bill costs can be more than just a summer dream. If a new system is right for you, many Fujitsu systems with the Energy Star rating are more than twice as efficient as the minimum standard set by the government. To learn more or find a contractor near you, call 888-888-3424 or visit www.constantcomfort.com.

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