Is Natural Gas Expensive?
The recent increase in the price of natural gas has been met with a lot of concern by most homeowners. They are asking themselves, “Why is gas so expensive?” What should we do about it? What can I do to decrease my monthly bill? Here are some important questions you should consider if you are concerned about gas prices and how they will affect you.
The first question you should ask yourself is
“Why is natural gas so expensive?” You see, it costs more to extract natural gas from the ground than it does to create it using technology that uses the sun’s light to produce heat. This means that the company that extracts the natural gas will have to charge you a higher fee for using the resource.
The second thing you should know
is that “How can using this gas reduce my monthly utility bill?” Well, the first answer to that question is, “Not much”. Using natural gas to heat your home will reduce your monthly utility bills by using a proportionally smaller amount of energy to produce the gas and then burning it away in your furnace. This means you will have to factor in the cost of running the furnace as well as any heating oil or coal that you may use in conjunction with it.
Now that you know why natural gas
is expensive you may be wondering how you are going to reduce the expense. You may have already noticed that most houses and offices are not equipped with central air conditioning systems. However, the good news is that by using a forced-air gas system or by purchasing a unit that runs on natural gas you can greatly reduce the amount of money that you need to pay for heating and cooling. You could very well set up your system so that it begins running right after you turn on your mains. If you live in an area where there are winter days that stay below freezing for at least a few hours, you may even consider turning on the system just before the first frost falls.
The next question that you should ask yourself is
“What are some of the ways that using this cheaper alternative can make my home or business more efficient?” One of the ways that this cheaper gas can make a difference in your heating costs is by eliminating the need for you to purchase large amounts of heating oil or coal to provide warmth to your home. If you already have a natural gas line installed, then the cost of running your furnace will be much lower than if you choose to run a separate line from your existing gas line. In addition to helping to keep your heating costs down, you may also find that using this cheaper fuel will also help you save money on your electric bill.
There are also several tax benefits
that you may be interested in taking advantage of. Natural gas is a renewable resource meaning that it will never run out. This makes it a great way to save on taxes because it only needs to be used for a short period of time. The government is currently allowing residents of Texas to invest in natural gas through a tax credit. You may want to talk with your accountant about this type of credit as well.