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You can save money on your heating bill by making a few adjustments. The Edison Electric Institute suggests setting your thermostat to 68 degrees when you're home and 60 degrees when you're not or overnight. Each degree you lower the thermostat saves you 3% on your bill. Is your monthly heating bill taking you by surprise this season? There's good news. With just a few simple adjustments, you can take control of your home's energy use. According to the Edison Electric Institute, there are many simple and inexpensive steps you can take to save electricity. One tip is to keep your home's thermostat set at 68 degrees when you're home and 60 degrees when you're gone or during overnight hours. For each degree you turn down your thermostat, you'll save 3% on your heating bill.