Heat Pump Water Heater Vs Gas Cost

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.

Heat pump water heater vs gas cost. 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. Can be 2 to 3 times more energy efficient than conventional electric resistance water heaters. 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. Depending on where you live natural gas can cost about 84 less than propane gas.

A water heat pump will only use around 190 worth of energy per year almost half of what a natural gas heater must use. These savings are somewhat offset by the higher purchasing and installation costs of a heat pump. Electric heat pumps cost less coming in at about 100 to 200 a month. Here are the costs for a season of heating a home.

Heat pump water heaters use electricity to move heat from one place to another instead of generating heat directly. This difference in operating costs makes it clear. To move the heat heat pumps work like a refrigerator in reverse. 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.

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

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

Electricity is more stable in costs. Installing a new heat pump water heater can cost about 4 000 8 000. Pros for heat pump water heaters.