Nearly half of homeowners concerned about paying for heat

subscribe

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

powerlines

Ontario Energy Board Sets New Electricity Rate Plan Prices and Support Program Thresholds

TORONTO - Residential, small business and farm customers can choose their price plan, either Time-Of-Use (TOU), Tiered or Ultra-Low-Overnight (ULO) prices. The OEB has an online bill calculator to help customers who are considering a switch in price plans. 

The Government of Ontario announced on Friday, October 19, 2023, that it is raising the income eligibility thresholds that enable Ontarians to qualify for the Ontario Electricity Support Program (OESP) by up to 35 percent. OESP is part of Ontario’s energy affordability framework meant to reduce the cost of electricity for low-income households by applying a monthly credit directly on to electricity…

READ MORE
electricity in restaurant

Extensive Disaster Planning at Electric & Gas Utilities Means Lights Will Stay On

READ MORE

central asian power shortage

Why Is Central Asia Suffering From Severe Electricity Shortages?

READ MORE

iraqi electrician

Will Iraq have enough electricity for coming hot summer days?

READ MORE

UK in a Changing Europe

Opinion: UK Natural Gas, Rising Prices and Electricity

READ MORE