Nearly half of homeowners concerned about paying for heat
MADISON, VIRGINIA - As temperatures drop, uncertain economic conditions are sending shivers down the spines of many American homeowners struggling to heat their homes this winter. According to a recent Plow & Hearth survey, conducted by IPSOS Public Affairs, nearly one half (45%) of American homeowners are concerned about their ability to pay their heating bills this season.
Two in three Americans (67%) say theyÂ’ve already taken steps this year to make their homes more energy efficient. Among the tactics homeowners say they are employing to increase efficiency: using energy efficient light bulbs (74%), lowering the thermostat (69%), insulating windows and doors (69%), and purchasing products with the energy-star label (66%).
Nearly one in 12 (8%) homeowners has completed all of these tasks.
Interestingly, those who are concerned about their ability to pay their heating bills are no more likely to have taken steps to become more energy efficient, which suggests that cost isnÂ’t the only factor motivating Americans to make changes in their energy habits.
“This survey is more or less a temperature check on Americans’ concerns about their capacity to keep their homes heated this winter, and the results make clear that the uncertain economy is causing significant anxiety in many U.S. homes,” said Tim Hopkins, president of Plow & Hearth, one of the nation’s leading catalog retailers. “What is heartening is the trend toward improving energy efficiency in the home, an effort that Plow & Hearth has embraced since our founding over 25 years ago.”
While nearly one in two homeowners are concerned about paying for heat this winter, some Americans are more anxious than others:
• Homeowners living in the Northeast (58%) are most concerned, followed by those living in the South (44%), the West (43%) and the Midwest (39%).
• Women (52%) homeowners are significantly more likely than men (39%) to be concerned about their ability to pay for the heating bill this winter.
• Middle-aged (50%), 35 to 54, and older Americans (49%), aged 55+, are more likely than younger homeowners (36%), aged 18 to 34, to be concerned about paying for heat this winter.
According to the US Department of Energy, reducing drafts in a home could save consumers 5% to 30% annually.
Related News
U.S. Electricity Sales Projections Continue to Fall
NEW YORK - Electricity producers and distributors are in an unusual business. The product they provide is available to all customers instantaneously, literally at the flip of a switch. But the large amount of equipment, both hardware and software to do this takes years to design, site and install.
From a long range planning perspective, just as important as a good engineering design is an accurate sales projections. For the US electric utility industry the most authoritative electricity demand projec-tions come from the Department of Energy’s Energy Information Administration (EIA). EIA's compre-hensive reports combine econometric analysis with judgment calls on…
