Schneller’s experts can tell you, even the best heating and cooling system will cost more to run if the outdoor conditions are right. However, this year, the world outside your heater is working in your favor! Thanks to a nice warm winter and dropping oil prices, your winter heating costs should leave some extra cash in your pocket. Keep reading to find out what 2016 headlines are doing for your wallet.
Warm Winter Weather
Even though the Cincinnati area has been averaging 32 degrees the last few weeks, this is still one of the warmest winters we’ve had in awhile. While it’s not great for snow lovers, it makes for a more tolerable heating bill! The overall warmer temperatures mean your heating system isn’t working as hard as it has had to in the past to keep your home comfortable this winter. Less work means less fuel, which of course,translates to a lower bill for you. Warmer weather not making a difference for your heating bill? You may have a problem. Download our free guide to find out what’s going on.
Heating by the Barrel
Another noteworthy headline: Oil prices are lower than they have been in years, and they’re still dropping. On January 12th, oil dropped below $30 a barrel for the first time since 2003. Like any economic shift, there are pros and cons to this drop. One of the biggest pros for homeowners is lower heating costs! As oil becomes less expensive, other energy sources drop with it – so even if your heating and cooling system uses other types of fuel, your bill will still be slimmer than usual.