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High Energy Costs Strain Finances of Majority of US Adults This Winter, CNET Survey Finds

News RoomBy News RoomJanuary 30, 2025
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The frigid grip of winter across the nation has brought with it a surge in energy bills, impacting household budgets and raising concerns about financial stability. A recent CNET survey reveals that most American households anticipate spending an average of $688 on energy bills during the winter months (December through February). This financial burden is particularly acute in the Northeast, where households expect to pay an average of $804, reflecting the region’s harsher climate and increased reliance on heating systems. This upward trend in energy costs is not a new phenomenon; experts have observed a 30% increase over the past four years, intensifying the strain on household finances. The survey underscores the widespread anxiety surrounding rising energy costs, with six in ten US adults expressing concern about the impact of winter energy bills on their budgets. Alarmingly, 11% of US adults, representing approximately 28 million Americans, are already behind on their energy payments, highlighting the pressing need for solutions and assistance programs.

The survey findings reveal significant regional variations in anticipated winter energy costs. While the national average is $688, residents of the Northeast brace themselves for bills averaging close to $288 per month, significantly higher than the national average of $135 per month reported by the US Energy Information Administration last summer for the top ten states with the highest electricity costs. In contrast, those in the southern US anticipate lower monthly bills, averaging around $220. These regional disparities underscore the influence of climate and heating needs on energy consumption and costs. The financial strain of winter energy bills is evident in the survey results, with 62% of US adults expecting these costs to put a squeeze on their finances. A majority of respondents plan to adjust their spending habits, with 42% intending to cut back on nonessential purchases. Other coping mechanisms include delaying bill payments (18%), dipping into savings (13%), taking on extra work (7%), and borrowing money from friends or family (6%).

The primary driver behind escalating energy bills is the substantial energy consumption required for heating homes during the winter months. The type of heating system, the fuel used, and the overall energy efficiency of a home significantly influence the final bill. While appliances and lighting contribute to energy usage, heating accounts for the lion’s share of winter energy costs. Climate also plays a crucial role, determining thermostat settings and the frequency of furnace operation. While weather conditions are beyond individual control, homeowners can implement strategies to mitigate energy consumption and reduce costs.

Numerous strategies can help individuals manage their energy costs during the winter months. Lowering the thermostat, even by a few degrees, can significantly reduce energy consumption when combined with other energy-saving practices. Using space heaters strategically to warm specific areas, rather than heating the entire house, can also contribute to savings. However, excessive reliance on multiple space heaters can negate these benefits and even increase electricity bills. Proper insulation and weatherization are essential for minimizing heat loss and preventing drafts, maximizing the efficiency of heating systems. Ensuring well-sealed doors and windows, and adequate insulation in attics, basements, and walls, are crucial for retaining heat and reducing energy waste.

While short-term measures like adjusting thermostats and using space heaters can offer immediate cost savings, long-term solutions are crucial for sustained energy efficiency and lower bills. Upgrading to Energy Star-certified appliances can significantly reduce energy consumption over time. Replacing aging furnaces with heat pumps offers both heating and cooling capabilities while potentially saving up to $1,000 annually. A professional home energy audit, while requiring an upfront investment, can identify areas for improvement and potential upgrades. Community solar programs, where available, provide access to renewable energy without the need for rooftop solar panel installations. Although some of these upgrades may seem expensive initially, various credits and rebates, including the Weatherization Assistance Program and state-level incentives, can offset upfront costs and make energy-efficient choices more accessible.

For those facing financial hardship and unable to afford their energy bills, several resources and assistance programs are available. Utility companies often offer assistance programs, payment plans, and due date extensions to help customers manage their energy costs. These programs may include grants, discounted rates, and emergency assistance for eligible households. Additionally, federal programs like the Low Income Home Energy Assistance Program (LIHEAP) provide assistance with energy bills, weatherization, and energy-related repairs. Eligibility for these programs varies by state and depends on income and household size. Consulting with utility providers and exploring available resources is crucial for those struggling to pay their energy bills, ensuring access to essential services and preventing utility disconnections during harsh winter months.

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