Article

Changing to natural gas can save some cash

Topic: Personal FinancePublished June 6, 2012

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The power bill is a major consideration for a number of people, especially in places that get unbelievably cold. One way to save some money, in the long run, is to change to natural gas for heating. Article source: Switching to natural gas heating can save money The only gas that is getting cheap CNN reports that natural gas has gotten down to the price of $2.94 per million British Thermal Units, or BTU, which is an all-time low. That is the only gas getting less expensive. Are you running short due to high heating bills? You can get a short term loan. The cost is determined by figuring out how much it would cost to create a million BTUs of heat by burning gas, depending on the current supply and require market. It cost over $15 per million BTU four years ago. Just one BTU is enough to get one pound of water from 39.2 degrees Fahrenheit to 40.2 degrees, according to the Business Dictionary. Cost of staying warm Those prices mean you can pay to heat your home for $671. The Energy Information Administration explains that the cost of winter heating was projected in December to be $700. If you plan on using heating oil or propane to heat your home, think again. Propane is anticipated to cost $1,883 over the winter while heating oil is anticipated to be at $2,492. Even the electricity bill is anticipated to be around $945 this year. Natural gas is a great option that is even recognized by the government. How to switch Making the switch should be super simple. Half of the country utilizes natural gas already, according to CNN. Unfortunately, it is not as easy as you would think. You cannot get natural gas at all if your local utility business does not offer natural gas. That is not even the biggest obstacle. You have to do a lot of conversion which may not be accessible inside your home, according to CBS Boston. It is about more than just hooking up heaters and a gas tank. For those with a forced-air system, i.e. central air, it can cost upward of $5,000 or more. For an electric radiator system, it could be upward of $7,000, because of the piping that has to be installed. Changing from a heating oil system, as reported by CNN, can cost upward of $7,000. Switching is not worth it unless you are likely to stay somewhere for a long time. In fact, it can cost even more than that to make the switch of there are any complications with the installation. Sources CNN CBS Boston CNN

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