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Published November 23, 2009, 08:31 AM

Cold Season Savings: Furnace, Water Heater, and Thermostat

(WDAY TV) - There are a few things in your house right now hat if you tweak even just a little, could save you hundreds of dollars this heating season. Check out your furnace. If it was made before 1992, energy expert Carl Pedersen says you're probably wasting about 40 percent of your heat to the outdoors.

By: Kelsey Soby, WDAY



(WDAY TV) - There are a few things in your house right now hat if you tweak even just a little, could save you hundreds of dollars this heating season. Check out your furnace. If it was made before 1992, energy expert Carl Pedersen says you're probably wasting about 40 percent of your heat to the outdoors.

“All this heat that could be heating my house is going up this galvanized pipe.”

He says newer furnaces retain heat better and are about 96 percent efficient.

“They are more expensive to fix, but a lot bigger pay off.”

Up next is your water heater. There are a number of ways to minimize energy waste here. First, check the temperature of your hot water. If it is above 120 degrees Fahrenheit, Pedersen says you can save money by lowering the temperature.

The Department of Energy says setting your hot water heater at 120 degrees is most energy and cost efficient. If you don't have a temperature setting on your water heater, grab a thermometer and test the temperature yourself.

Also, go feel your water heater. If it's warm to the touch, it's wasting heat. Pedersen says installing an insulated blanket could pay for itself in savings in as little as one year. Insulating your piping could also protect your dollars.

“At least 4 feet, pipe insulation is so cheap.”

Last but not least, don't be afraid to change that dial.

“This instantly pays you back.”

According to the U.S. Department of Energy, you can save 5 to 15 percent per year on your heating/cooling bill just by turning your thermostat back 10 to 15 degrees for the 8 hours you're at work. You can get a savings of as much as one percent for each degree. If your normal heating costs are 15-hundred dollars per year. That is a savings of 75 to 225 dollars every year.

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