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I'll offer some of my thoughts and experiences with conservation by
temperature set back during the night and during unoccupied times.
(1) The general idea follows from Newton's Law of Cooling that
thermal-energy loss is proportional to the temperature difference. That
being the case, the closer your inside temperature is to the outside
temperature, and the longer it stays that way, the more money you'll
save. This would imply you should turn the heat as low as possible when
you are not home and, as low as you can tolerate when you are asleep.
(2) In my house it does not do any good to turn the thermostat below 60F
on a typical day when the outside temperature is 25F or above (which is
cut