NATURAL GAS
ELECTRICITY
Cost to buy & install $ 3,500 TO $ 5,500
Cost to buy & install $ 2,000 TO $ 3,000
ELECTRIC FURNACE
NATURAL GAS FURNACE
$ 14,350 25-YEAR COST TO RUN
$ 34,025 25-YEAR COST TO RUN
Cost to buy & install $ 1,700 TO $ 1,900
Cost to buy & install $ 800 TO $ 1,200
60 GALLON ELECTRIC WATER HEATER
POWER-VENTED NATURAL GAS WATER HEATER
$ 1,000 10-YEAR COST TO RUN
$ 3,100 10-YEAR COST TO RUN
TOTAL INVESTMENT: $23,000 OR LESS
TOTAL INVESTMENT: $39,000 OR MORE
The cost to buy, install and run indicated above is an average and will vary depending on your home, specific heating needs, and other conditions. This average cost to run is based on a August 1, 2017 natural gas rate of $0.2325/m 3 and an electricity rate of $0.08196/kWh.
Available in accessible formats upon request.
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