Use a Lot of Propane? 3 Ways to Save Money When Buying Propane

Business Blog

Propane is used for more than running your BBQ. In many areas, propane is one of the primary fuel sources for a home. If you depend upon propane to fuel your home, you will want to know how to save money on the purchase of propane.

Upgrade to a Bigger Tank

First, you are going to want to consider upgrading to a bigger tank. The price of propane can vary significantly throughout the year based on supply and demand. When you have a larger tank, you can wait to fill the tank up until the prices are at their lowest, especially if you have a big enough tank to provide for your fuel needs throughout the year. Getting a larger tank will allow you to purchase more propane when the pricing is more favorable.

Try to Lock in Your Rate

Many propane companies will allow you to lock in the rate you pay for your propane. You can pay a small fee to put a price-lock cap on your propane, so you can pay less for your propane, but you will never pay more than the price-lock cap that you have in place.

This is a good strategy if you don't have a propane tank big enough to supply you with fuel for an entire year. It is a good strategy if you use a lot of propane. The best time to lock in your price is during the summer months when prices tend to dip for propane due to a dip in demand.

Contact Different Providers

In some areas, there may be only one provider of propane. In other areas, there may be multiple providers of propane. If you are lucky enough to live somewhere with multiple providers of propane, use that to your advantage. Call around and see what type of prices and services the different companies offer. For example, one company may offer to put in a monitor that alerts them when your tank is low, and they will come out and fill it. Another company may put you on a set schedule. Find a company that offers the prices and services you need if you have multiple options in your area.

If you depend on propane as a fuel source for your home, there are steps you can take to control the cost of this fuel. First, you can upgrade to a larger tank so that you can buy and store more propane. Second, you can lock in rates when they are low, helping control your overall fuel costs for the year. Finally, you can comparison shop among the different providers in your area. These are all easy steps you can take that will allow you to enjoy greater control over what you pay for propane.

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