The Energy Information Administration reported that households using natural gas are expected to spend about a third less this winter for heating, saving about $320 over last year.
Homes using heating oil and propane could see costs drop 17 to 23 percent.
"We've found that 40 percent of Americans said last winter's heating bills caused them to cut back on eating out, entertaining, or making other personal expenditures," said John Pagano, vice president of Insulating Systems Business, Owens Corning.
The following tips will help you save money and conserve energy:
If you have less than 11 to 12 inches of attic insulation, you may need more.
If you use a humidifier during the winter, the "heat index" inside your home will rise, making 68 degrees F. feel like 76 degrees F.
Pull on a sweater instead of turning up the heat. Your fuel bill goes up by 3 percent for each degree you turn up the thermostat.
The pocket of air trapped by storm windows acts as an insulator and reduces heat loss through the window by 25 to 50 percent.