While this might be an easy choice for some people in our area, the question isn’t always as simple as it seems for others. We get it, if you’ve got the natural gas pipelines already installed in your house then it’s quite easy and affordable to have a gas furnace installed as a next step.
However, for those that are looking to save every penny they can, what are the exact differences in costs between gas and electric? How much does a natural gas furnace cost compared to an electric furnace in energy costs? What about initial costs?
If you’re wondering these questions then you’re not alone. Hopefully, we can shed some light on the intricate differences between these two types of heaters. If you’re looking to forego heating repair in Chesapeake, VA and you’re thinking about upgrading to a furnace that’s right for your home—keep reading and we’ll give you some tips.
Furnaces might be the most affordable heater in America, but not all furnaces are the exact same. Gas furnaces can cost upwards of $1,200 for the system alone, not taking into account the installation costs and labor. In the end, you could find yourself with a $4,000 bill for your natural gas-powered furnace.
However, electric furnaces run much cheaper to purchase initially. Electric furnaces don’t require any natural gas pipelines to be installed, so they usually run less than $1,000 in initial costs. This means that an electric furnace will be cheaper to install than a gas furnace, but these numbers aren’t the only things you should be looking at!
While the initial cost of an electric furnace is significantly lower than the cost of a gas furnace, the operating costs differ in the other direction. Natural gas furnaces are some of the most cost-effective heaters in the country, especially when the weather gets much colder than it is now. Electricity can be more expensive than natural gas and will cost more to heat your home, obviously depending on its size and condition.
Natural gas is clean-burning and the furnaces that burn it are now incredibly efficient. With AFUE ratings that reach 95%, there’s almost a 1:1 ratio of fuel to heat that can lower your winter bills tremendously. Electricity, on the other hand, will cost you large amounts of money for the next decade or two while you keep it—especially during cold winters. To put this into perspective, electric furnaces run 2.5 times more expensive than natural gas heaters. That equates to a lot of money over time, and that initial buying cost might be offset considerably.
Unless you’ve got a detailed understanding of the natural gas pipelines in your area and the electricity cost, you’re going to want to get a second opinion. While being more informed is always a good thing, having a professional give you an expert’s overlook on what type of heater would best suit your home is never a bad idea.
Don’t let yourself purchase a cheaper heater only to be plagued by terrible heating bills every winter. Make the smart initial decision and save yourself the most money in the long run.
Give the House Call Company a call for more furnace information. Contact us and see how we can make you smile.