Which Is Cheaper To Run Propane Or Electric Furnace

A new heat pump would cost a homeowner 25 600 to buy and operate over 15 years compared to 26 900 for a replacement furnace that continues burning heating oil or 39 200 for propane.

Which is cheaper to run propane or electric furnace.

Propane is cheaper than electric. The average lifespan of a propane furnace is about 20 years while electric heat pumps last about 14 years. An electric heat pump produces heat below the temperature of your body while a propane gas furnace keeps the air at a temperature of approximately 140 degrees fahrenheit operating in short intervals so that it doesn t boost operating costs. With a propane heating system in recent years has cost far less than heating with an electric system in addition over time propane water heaters can cost one third less to operate and recover water twice as quickly as.

The cost of a new electric furnace ranges from 1 000 to 2 500 while a gas furnace will cost between 3 000 and 4 000 before installation. Installing a heat pump is often cheaper. Department of energy heating a home in the u s. Homeadvisor s complete heat pump or forced air furnace guide defines the differences between electric and gas heat pumps and gas electric propane and oil furnaces.

Because propane furnaces are estimated to be 90 percent efficient compared to electric heat s 100 percent efficiency it s necessary to add 10 percent to 27 33 to find the actual number of gallons. Electric furnaces are generally less expensive to purchase than gas furnaces and cheaper to install. With the propane backup generator propane furnaces will continue to run even when the power goes out. Over time propane furnaces also maintain their efficiency better than electric heat pump systems.

Compared with electric heat propane is better in so many ways. Electric heat pumps are more energy efficient than gas furnaces and require much less electricity to operate than electric furnaces. An electric heat pump. Electric furnaces produce no direct emissions but the power plant that produces the electricity.

The cost to have a gas furnace installed averages 4 500 and the cost to install an electric furnace runs about 4 000 but you could pay up to 10 000 or. Electric furnaces are typically only better in dry climates with hot or mixed temperatures. Compare costs efficiency installation operating costs and more for electric heat pumps vs gas heating to determine which hvac system is best for your home.