• 0 Posts
  • 2 Comments
Joined 2 years ago
cake
Cake day: June 12th, 2023

help-circle

  • I hear a lot that gas is cheaper for heating and I took that as the truth for a long time. A while ago I did the math though, and for my house is would have been nearly the same annual power bill if I replaced my 90% gas furnace and water heater with electric units. Although the price of gas is far more economical for heating, there’s a monthly gas usage fee that’s a flat rate. If you go all electric, you don’t pay that, and over the course of a year, I didn’t heat enough for the lower gas price to offset the flat fees. If instead of a regular electric furnace and water heater, they were heat pumps, electric would have been much cheaper than gas.

    This certainly would depend on your local prices and weather and how well your house is insulated, but if you need a new furnace, I’d do the math over a year to see if gas is still the most financially attractive option, especially if you can install an air or ground source heat pump.