Cost of electricity 2 93 for 100 000 btu.
Natural gas vs electric heat cost 2019.
While natural gas remains the most widely used home heating fuel in the u s this type of fuel may not be available in all areas.
Gas furnace come down to where you live.
The nice thing about that expensive electric heat is that it only costs a few thousand for a minisplit that provides both winter heat and summer ac.
The installation and maintenance costs of a couple tens of thousands divided by a few decades of usage might rival the cost of the natural gas or oil fuel itself.
If the natural gas cost is 15 00 per 1 000 cubic feet the same 15 00 will purchase around one million btus this is the equivalent of slightly over 11 20 gallons of propane.
However this does not include installation costs so doubling this figure is probably not unreasonable especially if you don t shop around for a good deal on equipment and labor.
Doer analyzed weather forecasts and the projected prices and consumption for this winter for the major heating fuel sources natural gas heating oil propane electric heating to provide the following heating season cost projections for 2019 2020.
This and the cheaper cost of natural gas make gas heat a better option for colder climates.
Homeadvisor s complete heat pump or forced air furnace guide defines the differences between electric and gas heat pumps and gas electric propane and oil furnaces.
Installation costs for an electric heater are 700 to 1 000 while the cost to install a gas heater ranges from 1 000 to 2 000 depending on whether you have an existing gas line and vent.
The higher cost of a more efficient gas system will most often be offset by lower fuel costs in regions with harsh winters.
Most of the reasons you would choose a heat pump vs.
Cost of natural gas 1 10 for 100 000 btu.
This makes the total cost for a 40 gallon electric hot water heater between 1000 and 1 700 with the total costs of a 40 gallon gas hot water heater.
Why choose a heat pump over a gas furnace.
If you live in the south where winter temperatures may only reach 40 to 60 degrees then a heat pump is the best fit for your home.
These numbers will need some context.
Additionally a gas furnace will heat the home faster because the heat produced is hotter than the heat produced by electric coils.
Gas furnaces last approximately 15 to 18 years according to consumer reports and the average cost for gas furnace systems is around 3 000.
Natural gas cost comparison.
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.
If you live in an area where electricity costs less than gas then a heat pump is also the better option.
