As mentioned in our last blog, November 1st marked an increase in electricity (and beer) prices. Now, Toronto homeowners are being hit by higher water and garbage prices. Where does it end?
Unfortunately, as a homeowner, you do not have many means of reducing water and garbage prices other than reducing water usage and waste. As an HVAC company, we can give you advice on how to reduce electricity prices, though. Here are a few tips.
If you’re using an electric water heater, consider switching to a gas water heater. All things being equal, gas water heaters are cheaper to maintain. The price per unit of energy tends to be less for gas water heaters, especially in a city where electricity is expensive, such as Toronto.
Your HVAC motor components tend to be the main consumers of electricity of all HVAC equipment (barring air conditioning, which you presently do not need). By upgrading your furnace’s blower motor or boiler’s circulator motor, you can save a significant amount of money on electricity. Consider upgrading from a PSC motor to an ECM motor.
The above tips can save you at least $100 per year on electricity. The motor upgrade will equal at least $100 of savings, while switching to a gas water heater can save you even more, especially if you use lots of water.