Heat Pump Water Heater Vs Gas Cost

Electric heat pumps cost less coming in at about 100 to 200 a month.

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. The upfront cost for installing a heat pump is usually cheaper than the cost to install a furnace. Depending on where you live natural gas can cost about 84 less than propane gas. 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.

Electricity is more stable in costs. Natural gas heaters are typically a few dollars cheaper to run per hour vs propane heaters. These savings are somewhat offset by the higher purchasing and installation costs of a heat pump. Fuel and natural gas prices will fluctuate based on market prices.

Very low running costs. Here are the costs for a season of heating a home. A water heat pump will only use around 190 worth of energy per year almost half of what a natural gas heater must use. On average however a gas heater costs around 200 to 400 a month to run.

Can be put on a night rate electricity supply to get a cheaper rate. Can be 2 to 3 times more energy efficient than conventional electric resistance water heaters. Lasts about 10 15 years. Installing a new heat pump water heater can cost about 4 000 8 000.

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. 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 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. It does not use a fuel to create heat and so is much more efficient that other options including natural gas heaters.

Pros for heat pump water heaters. 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. To move the heat heat pumps work like a refrigerator in reverse.