Propane Vs Electric Water Heater Operating Cost

Cost approximately 10 less per month to operate than comparable electric units.

Propane vs electric water heater operating cost. The cost to operate a propane water heater vs an electric water heater is a marginal difference. 0 92 electric 0 61 gas energy cost 0 06 per kwh 60 per therm. However due to the energy efficiency of propane water heaters when compared to electric water heaters having a propane water heater will save you money in the long run. An enthusiastic do it yourselfer with basic electrical knowledge can usually replace an electric water heater and save on installation costs typically an extra 350 to 450 depending on where.

Efficiency propane fuel cost and your in home energy usage all factor into your cost savings. Most conventional water heaters cost 300 to 600 less than half the cost of tankless varieties. The 27 kilowatt hour per gallon energy density of propane means that it costs 3 67 to produce as much energy using electricity as it would cost to produce the same amount of energy using propane. Choosing a propane water heater instead of an electric water heater will cost you more during installation.

Quantity of water heaters to be purchased unit s 1 unit see assumptions for various daily water use totals. To calculate the annual operating cost of a propane water heater you need to divide 41 045 by the heater s energy factor and multiply the result by 365 and the fuel cost per british thermal unit. Over an average life span they can save homeowners nearly 2 000 more than an electric unit. However if you purchase high quality equipment the cost savings of switching to a propane water heater will eventually win out.

Installation is also cheaper usually about 300 to 500 bringing the total cost in the range of 600 to 1 100. Propane water heaters can save you roughly 70 80 per year compared to electric water heaters. However high efficiency tank water heaters can be pricey running up to 1 500. How much does a storage tank water heater cost.

Heat more than twice as much water in an hour as comparable electric models. On average are 42 less expensive than electric heaters. However there are several more factors you need to consider. Propane gas water heaters.