Cost Savings

Space Heating

Equipment DescriptionEstimated Annual Operating CostsSavings if Converted to Natural GasOperating Life-Cycle Cost
Standard Efficiency   
Natural Gas – Average Furnace, 80% AFUE$574$8,606
Residential Heating Oil (#2) – Average Furnace, 80% AFUE$1,238$665$18,576
Propane – Average Furnace, 80% AFUE$1,912$1,338$28,674
All Electric Furnace/Resistance Heat $1,965$1,392$29,482
Electric – Standard Efficiency Heat Pump, 8.7 HSPF$838$264$12,566
High Efficiency   
Natural Gas – High Efficiency Furnace, 92% AFUE$499– $7,483
Residential Heating Oil (#2) – High Efficiency Furnace, 92% AFUE$1,077$578$16,153
Propane – High Efficiency Furnace, 92% AFUE$1,662$1,163$24,934
Electric – High Efficiency Heat Pump, 9.5 HSPF$787$288$11,798

 

Water Heating

Equipment DescriptionEstimated Annual Operating CostsSavings if Converted to Natural GasOperating Life-Cycle Cost
Standard Efficiency   
 Natural Gas – Standard Water Heater, 0.59 EF $164 $2,128
 Residential Heating Oil (#2) -Standard Water Heater, 0.59 EF $353  $190 $4,594
 Propane – Standard Water Heater, 0.59 EF $546 $382 $7,092
 Electric – Standard Water Heater, 0.9 EF $437 $273 $5,676
High Efficiency   
Natural Gas – Condensing Tankless Water Heater, 0.95 EF $102 –  $1,322
Residential Heating Oil (#2) – Condensing Tankless Water Heater, 0.93 EF $224 $123 $2,914
Propane – Condensing Tankless Water Heater, 0.93 EF $346 $224 $4,499
Electric – High-Performing Water Heater, 0.95  EF $414 $312 $5,377

 

Cooking

Equipment DescriptionEstimated Annual Operating CostsSavings if Converted to Natural GasOperating Life-Cycle Cost
Natural Gas – Standard Cooktop, 40% Efficient$46$460
Electric – Standard Cooktop, 74% Efficient$101$55$1,012

 

Clothes Drying

Equipment DescriptionEstimated Annual Operating CostsSavings if Converted to Natural GasOperating Life-Cycle Cost
Natural Gas – Standard Dryer, 2.67 EF$34$342
Electric – Standard Dryer, 3.01 EF$124$89$1,236