Natural Gas Vs Electric Heat Cost 2015

These savings are somewhat offset by the higher purchasing and installation costs of a heat pump. It does not use a fuel to create heat and so is much more efficient that other options including natural gas heaters. Assuming an electric heater with 100 percent efficiency homeowners should expect to pay roughly 34 32 per million btus of heat.

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The fuel type you currently have gas or electric the heating system you currently have furnace boiler heat pump.

Natural gas vs electric heat cost 2015.

These numbers will need some context. Cost of natural gas 1 10 for 100 000 btu. Natural gas is generally sold in therms where one therm is equal. Cost of heating oil 2 50 for 100 000 btu.

Cost of electricity 2 93 for 100 000 btu. On face value natural gas seems to be the clear winner but the annual energy bill is actually very close when considering electrical heat systems with upwards of 300 efficiency. However the cost difference between gas and electric heating for your home will totally depend on factors related to your home including. Although electric heating offers significantly lower installation costs gas heating provides consumers with a much lower cost per 1 million btu 18 in comparison to the 32 consumed by electric heating systems.

But the real loser in these comparisons. A website called diffen compared the natural gas and electricity costs related to heating and cooling. A water heat pump will only use around 190 worth of energy per year almost half of what a natural gas heater must use.

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