Get matched with top energy efficiency auditors in Nemo, SD

You can save money on heating oil through a combination of improving home efficiency and smart purchasing strategies.

Home Efficiency and Usage:

• Improve Insulation: Ensure your home, especially the basement and attic, is well-insulated and sealed against drafts to prevent heat leakage.

• Manage Your Thermostat: Use a properly calibrated and programmable thermostat. Lower the temperature by a few degrees, particularly when you are away from home or asleep.

Purchasing Strategies:

• Buy in the Off-Season: Order heating oil during the summer months when prices are generally at their lowest. This strategy is most effective if you have a large primary tank or a separate storage tank to accommodate bulk deliveries.

• Consider a Delivery Contract: Some companies offer contracts with a set price for the term. This can lead to savings if market prices for oil increase, but you might pay more if prices drop.

A home energy audit costs about $420 on average, with prices ranging from $100 to $2,250 or more. The final cost depends on factors like your home's size, location, the thoroughness of the audit, and the specific tests performed. A basic Level 1 walk-through inspection typically costs between $150 and $200, while a comprehensive Level 3 audit with detailed testing and a report costs around $900. Homeowners may be able to use the 2022 Inflation Reduction Act’s Energy Efficient Home Improvement credit to cover up to $150 of the audit cost.

Costs for common individual tests include:

• Blower door test: $350

• Duct testing: $100

• HERS test: $375

• HERS certification: $200

• Infrared imaging: $200

Energy output depends on turbine size, average wind speed at your site, and system efficiency. A 5 kW turbine in a good wind location can generate 8,000 to 12,000 kilowatt-hours per year, which may cover a large portion of an average home’s needs. Accurate output estimates require a professional wind assessment and a review of your household’s energy usage patterns.

While some aspects of an appraisal, such as comparable properties nearby, are out of your control, there are several steps you can take to potentially increase your home's value. Make any necessary repairs and upgrades before the appraiser's visit, as they can only value what is currently part of the home, not its potential. Examples include renovating older areas, updating landscaping to boost curb appeal, and staging your home. You can also provide the appraiser with the cost of recent upgrades, which may increase your home's value by about 50% or more of what you paid for those improvements.