Natural Gas Vs Electric Cost

Electric standard dryer 3 01 ef.

Natural gas vs electric cost. This difference in operating costs makes it clear. Installation of an electric furnace averages 1 000 1 500while installation of a gas furnace averages 1 500 2 000. Electric for energizing a home is a debate common for homeowners who want to be both cost effective and energy efficient. The national average price of residential gas was 1 29 ccf in 2014.

In general however statistics show that a gas water heat will cost around 30 month for the average home while an electric heater will cost you closer to 42. On average however a gas heater costs around 200 to 400 a month to run. For example a brand new electric oven will generally cost anywhere from 700 to 1 500 while a gas oven will set you back between 900 and 2 000. While gas appliances are cheaper to run they are generally more expensive to purchase in the first place.

The cost of natural gas compared to electricity has some people confused about which option is really cheaper. 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. Electric heat pumps cost less coming in at about 100 to 200 a month. To start propane is a primary energy source whereas electricity is secondary that is to say propane can be used as is and electricity can.

Estimated annual operating costs. Though the two energy sources are comparable in many ways they are distinct in others as well. The cost of fuel. The cost of a new electric furnace is 1 200 on average to install.

The average price for a new gas furnace ranges from around 2300 to install depending on manufacturer. A website called diffen compared the natural gas and electricity costs related to heating and cooling. Natural gas standard dryer 2 67 ef. Savings if converted to natural gas.

Still even when gas prices are at their highest it s generally cheaper to run appliances on natural gas instead of electricity. The cost of a new electric furnace ranges from 1 000 to 2 500 while a gas furnace will cost between 3 000and 4 000before installation. But what do the numbers say. An electric hot water heater ranges in costs from about 300to 700while a gas heater ranges from 400to 800.