Having access to a reliable fuel source is critical for homeowners with appliances that run off propane. In order to ensure that you don't run out of propane, it can be beneficial to purchase your fuel in bulk.
Here are three tips that you can use to successfully purchase large quantities of propane fuel in the future.
1. Perform an energy audit.
In order to ensure that you have enough spare propane available to power your home over an extended period of time, you need to know how much fuel each of the appliances within your home are using on a regular basis.
Prior to placing a bulk propane order, you should take the time to complete an energy audit. Verify the fuel requirements for each of your appliances by consulting the owner's manuals or the manufacturers' websites. Add these totals together to determine your fuel needs each day, then multiply this amount by the number of days you want your fuel cache to last.
An energy audit helps you become familiar with your fuel needs so that you don't over or under purchase in the future.
2. Evaluate your storage capabilities.
If you are planning to purchase propane in bulk, you will need to be able to store your fuel cache safely. Propane is a highly combustible fuel, so proper storage is critical when it comes to ensuring the safety of your property.
You should check the size of your current propane tank to see if it is adequate. If your fuel needs exceed your tank's storage capacity, you will need to invest in a new tank prior to purchasing your propane in bulk.
3. Invest in a cap price plan.
When you are purchasing your propane in bulk, there are certain financial risks involved. You want to avoid signing a pre-buy contract, since these contracts lock in your fuel price. If the price of propane drops after you sign your contract, you are still responsible for paying the higher price.
Opt to invest in a cap price plan when purchasing large quantities of propane instead. These plans ensure that your costs won't rise above a certain amount, but if the market price of propane when you place your order is lower than the cap price, you pay the lower amount per gallon.
Being able to purchase your propane in bulk ensures that you will have access to a steady supply of fuel when you need it. Prepare for a bulk propane purchase by completing an energy audit, adding a larger tank (if necessary), and securing the right contract. For more information, contact a business such as Southall Gas LLC.