Introduction
One of the most important decisions a homeowner can make is the choice between gas and electric heat. This decision can be complicated, due to the many factors that contribute to the cost of heating a home. In this article, we will explore the differences between gas and electric heat, compare the cost and value of each option and give you the tools to determine which is cheaper for you.
The Cost Comparison: Gas vs Electric Heat
Before delving into this comparison, it is important to note that natural gas is much cheaper than propane gas. Most homes will use natural gas for their heating needs, but if your home uses propane gas, its cost will be drastically different than the figures we present below.
Gas heat uses natural gas as fuel, while electric heat uses electricity. The cost per kilowatt-hour (kWh) for electricity is significantly higher than the cost of natural gas per therm. This means that electric heat costs more per unit of heat produced than gas heat.
In addition to the cost of fuel, installation costs for an electric heating system can be higher than those for a gas heating system.
Heating on a Budget: Which is Cheaper – Gas or Electric?
If you are on a tight budget, you may be wondering which option is cheaper for you. It is important to note that both gas and electric heat can be affordable, depending on your circumstances.
To save money on your heating bill, you can adopt simple tips, such as adjusting your thermostat by a few degrees, weatherizing your home, and reducing drafts.
Overall, Natural gas heat is cheaper than electric heat when comparing fuel prices alone. This means that if you are on a tight budget and want to heat your home on a budget, gas heat tends to be a more cost-effective option.
The Ultimate Showdown: Gas Heat vs Electric Heat
When it comes to the ultimate showdown between gas and electric heat, there are several factors to consider aside from cost, such as comfort level and installation costs.
While gas heat provides more even heat at a lower cost, electric heat offers better air quality (non-vented) and requires less installation time.
The Numbers Game: Weighing the Cost of Gas and Electric Heat
The cost of gas heat is typically lower than the cost of electric heat. For gas heat, the national average is around $0.95 per therm, while the average cost of electricity is around $0.14 per kWh.
The average household will use around 746 kWh per month, with a typical electric heating cost of $103 per month. A household that uses a gas heating system will pay around $65 a month, which is a savings of $38 per month.
It is important to note that the cost of gas and electricity varies depending on the location.
The Pros and Cons of Gas Heat and Electric Heat on Your Wallet
When considering the pros and cons of gas heat and electric heat, it’s important to consider both your lifestyle and budget. Here are some examples:
Gas Heat Pros: low fuel cost, even heating, works during power outages.
Gas Heat Cons: requires hook-up to natural gas line, may pose health risks if furnace is not properly ventilated, lower energy efficiency.
Electric Heat Pros: safe and clean, flexible, easy to maintain, can be used as zone-heating, and works well in Southern climates.
Electric Heat Cons: higher fuel cost per unit of heat, may not work during power outages, limited to areas where electricity is available.
Determining the True Cost: A Comparison of Gas and Electric Heat
The total cost of ownership is the best way to compare gas and electric heat over a typical 5-10 year period. The total cost of ownership includes all costs associated with purchasing, installing, operating, and maintaining both types of heating systems.
Based on a typical 5-10 year period, the total cost of ownership for gas heating systems is typically lower than the total cost of ownership for electric heating systems.
Heating Your Home: Is Gas or Electric Cheaper in the Long Run?
In the long run, the decision is highly dependent on your priorities, home and location. If cost is your primary concern, a gas heating system tends to be more cost-effective and well-suited for colder climates where heating systems will be used heavily. If air quality is your priority, go for an electric heating system.
Other factors, such as the availability of natural gas in your region, your lifestyle, and your home’s insulation and ventilation, can all play a role in your decision-making process.
Conclusion
In conclusion, determining which heating system is cheaper for your home depends on a variety of factors. Gas heat is generally the cheaper option per unit of heat produced but may require high installation costs. Electricity heat is more expensive but offers greater air quality. Consider your lifestyle, locality, and investment goals before deciding.
By comparing the cost and value of gas and electric heat, you should now have a better understanding of which option is best for your specific needs. Consider the tips we’ve suggested and choose the option that suits your long-term needs, saves money, and keeps your home comfortable and energy efficient.