Heat Pump Water Heater Vs Gas Cost

If you have harsh winters you ll save more money with a furnace since the heating system is more efficient below freezing than a heat pump.

Heat pump water heater vs gas cost.

On average however a gas heater costs around 200 to 400 a month to run. Lasts about 10 15 years. The upfront cost for installing a heat pump is usually cheaper than the cost to install a furnace. Electricity is more stable in costs.

Electric heat pumps cost less coming in at about 100 to 200 a month. Very low running costs. Depending on whether propane or natural gas is used and the location of your pool cost can range from about 3 00 to 9 00 per hour to heat your pool. These savings are somewhat offset by the higher purchasing and installation costs of a heat pump.

Heat pump units such as the stiebel eltron 58 gallon accelera 220 water heater available from supplyhouse are pricier than non heat pump models they can run 800 to 2 500 more than a. At lowe s a 50 gallon heat pump water heater goes for around 1 100 while its older conventional cousin the electric water heater can be purchased for closer to 300. Running costs for a heat pump water heater cost approximately 150 650 a year depending on the electricity rate and the average outdoor temperature. Can be put on a night rate electricity supply to get a cheaper rate.

According to energy gov an electric heat pump water heater might have lower energy costs because of its higher efficiency than a gas fired conventional storage water heater even though local natural gas costs might be lower than the electricity rates. Can be 2 to 3 times more energy efficient than conventional electric resistance water heaters. A water heat pump will only use around 190 worth of energy per year almost half of what a natural gas heater must use. Pros for heat pump water heaters.

To move the heat heat pumps work like a refrigerator in reverse. This difference in operating costs makes it clear. It does not use a fuel to create heat and so is much more efficient that other options including natural gas heaters. Installing a new heat pump water heater can cost about 4 000 8 000.

Also if you don t have natural gas lines running to your home you have to have the gas lines installed in order to use a gas furnace and this can be extremely expensive. Depending on where you live natural gas can cost about 84 less than propane gas. Here are the costs for a season of heating a home.