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COST SAVINGS COMPARISON

COST SAVINGS COMPARISON

Natural gas, propane, oil, electric

If you are wondering, how much does natural gas cost? Take a look at how natural gas appliances can help you save on utility costs. Compared to electric, oil and propane, natural gas saves money annually.

 

Space Heating

Equipment Description Estimated Annual Operating Costs
Savings if Converted to Natural Gas Operating Life-Cycle Cost
Standard Efficiency      
Natural Gas - Average Furnace, 80% AFUE $506 - $7,589
Residential Heating Oil (#2) - Average Furnace, 80% AFUE $1,238 $732 $18,576
Propane - Average Furnace, 80% AFUE $1,912 $1,406 $28,674
All Electric Furnace/Resistance Heat  $1,965 $1,459 $29,482
Electric - Standard Efficiency Heat Pump, 8.7 HSPF $838 $332 $12,566
High Efficiency      
Natural Gas - High Efficiency Furnace, 92% AFUE $440 $6,599
Residential Heating Oil (#2) - High Efficiency Furnace, 92% AFUE $1,077 $637 $16,153
Propane - High Efficiency Furnace, 92% AFUE $1,662 $1,222 $24,934
Electric - High Efficiency Heat Pump, 9.5 HSPF $787 $346 $11,798

 

Water Heating

Equipment Description Estimated Annual Operating Costs
Savings if Converted to Natural Gas Operating Life-Cycle Cost
Standard Efficiency      
 Natural Gas - Standard Water Heater, 0.59 EF  $145 -  $1,877
 Residential Heating Oil (#2) -Standard Water Heater, 0.59 EF  $353   $209  $4,594
 Propane - Standard Water Heater, 0.59 EF  $546  $401  $7,092
 Electric - Standard Water Heater, 0.9 EF  $436  $292  $5,676
High Efficiency      
Natural Gas - Condensing Tankless Water Heater, 0.95 EF  $90  -   $1,166
Residential Heating Oil (#2) - Condensing Tankless Water Heater, 0.93 EF  $224  $209  $2,914
Propane - Condensing Tankless Water Heater, 0.93 EF  $346  $401  $4,499
Electric - High-Performing Water Heater, 0.95  EF  $414  $292  $5,377

 

Cooking

Equipment Description Estimated Annual Operating Costs
Savings if Converted to Natural Gas Operating Life-Cycle Cost
Natural Gas - Standard Cooktop, 40% Efficient $40 - $406
Electric - Standard Cooktop, 74% Efficient $101 $61 $1,009

 

Clothes Drying

Equipment Description Estimated Annual Operating Costs
Savings if Converted to Natural Gas Operating Life-Cycle Cost
Natural Gas - Standard Dryer, 2.67 EF $30 - $302
Electric - Standard Dryer, 3.01 EF $124 $93 $1,236

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