Propane is an economical, easy-to-use energy source that you can potentially use for multiple items in your home, including your appliances, fireplace, and heating system. Even though winter is months away, now is the time to consider starting to budget for your propane fill-ups. Check out a couple moves you can make now to ensure that your tank fill-ups don't break your budget.
Sign Up for a Payment Plan
Instead of putting the cost of your propane tank fill-up on a credit card or squeezing it out of your paycheck, ask your propane supply company if they offer a payment plan. Typically, a propane payment plan permits you to split the cost of filling up your tank over several months, making it less stressful to fit the cost into your budget. For example, if it costs $200 to have your tank refilled, your payment plan might permit you to pay $50 for four months to pay your bill up.
If your propane company does offer customers payment plans, see if there are any fees for enrolling in the service or if the company charges interest on the amount of your payment plan. This will allow you to better anticipate the total cost of your propane fill-up.
Consider Pre-Purchasing Your Propane
How often you have to fill up your propane tanks depends on a few different factors, like what items in your home are equipped to use propane, your individual energy usage, and the size of your propane tank. If you find that you usually have to refill your tank multiple times, consider pre-purchasing your propane.
When you pre-purchase your propane, you pay for your anticipated usage ahead of time at an affordable price. The price of propane is not static; instead, it fluctuates based on the market. It's common for the price of propane during the cooler months to be more expensive than the summer months. Pre-buying your propane makes it possible for you to pay for your anticipated propane usage at budget-friendly summer prices instead of expensive winter prices.
While there's no guarantee that pre-buying propane will lower your energy costs 100 percent of the time, statistically, it's likely to be a money-saving move. The cost of propane usually increases in the winter due to the increased demand. A mild winter may keep prices comparable to summer prices, but this is a fairly rare occurrence.
Minimize the impact of pre-buying your propane by seeing if your propane company permits you to utilize a payment plan for propane that you pre-purchase.
For more information about your options, reach out to a propane supply company.