Heat Pump Water Heater Vs Gas Cost

On average however a gas heater costs around 200 to 400 a month to run.

Heat pump water heater vs gas cost.

Installing a new heat pump water heater can cost about 4 000 8 000. Here are the costs for a season of heating a home. Depending on where you live natural gas can cost about 84 less than propane gas. Fuel and natural gas prices will fluctuate based on market prices.

Running costs for a heat pump water heater cost approximately 150 650 a year depending on the electricity rate and the average outdoor temperature. Electric heat pumps cost less coming in at about 100 to 200 a month. Electricity is more stable in costs. Can be 2 to 3 times more energy efficient than conventional electric resistance water heaters.

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. 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. The upfront cost for installing a heat pump is usually cheaper than the cost to install a furnace.

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. 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. Very low running costs. Lasts about 10 15 years.

These savings are somewhat offset by the higher purchasing and installation costs of a heat pump. To move the heat heat pumps work like a refrigerator in reverse. This difference in operating costs makes it clear. 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.

A water heat pump will only use around 190 worth of energy per year almost half of what a natural gas heater must use. Natural gas heaters are typically a few dollars cheaper to run per hour vs propane heaters. Pros for heat pump water heaters.