Formulas are presented that parameterize the heating rate and coefficient of turbulent heat conduction produced by saturated internal gravity waves (IGW) in the upper atmosphere. Estimates of these values are made using observational data. The parameterization of IGW influences are introduced into a one‐dimensional model of global mean thermal and composition balances of the upper atmosphere. Computations are performed for different values of IGW energy fluxes entering into the upper atmosphere from below. It is shown that realistic vertical profiles of the global mean temperature can be obtained using different values of IGW energy flux into the upper atmosphere. Increasing the IGW intensity leads not only to an increase of the heating rate due to wave energy dissipation, but also to an increase in the coefficient of turbulent heat conduction and cooling rate produced by turbulence generated by the wave. So, near an altitude of 100 km the main part of solar heating is compensated by infrared cooling on one hand, and the main part of wave dissipation heating is compensated by turbulent cooling on the other hand. These quasi‐balances generally hold for different values of IGW intensity.