Heat Pump Water Heater Vs Gas Cost

This difference in operating costs makes it clear.

Heat pump water heater vs gas cost.

Fuel and natural gas prices will fluctuate based on market prices. Here are the costs for a season of heating a home. Can be 2 to 3 times more energy efficient than conventional electric resistance water heaters. To move the heat heat pumps work like a refrigerator in reverse.

Running costs for a heat pump water heater cost approximately 150 650 a year depending on the electricity rate and the average outdoor temperature. Heat pump water heaters use electricity to move heat from one place to another instead of generating heat directly. 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. A water heat pump will only use around 190 worth of energy per year almost half of what a natural gas heater must use.

Lasts about 10 15 years. Electric heat pumps cost less coming in at about 100 to 200 a month. On average however a gas heater costs around 200 to 400 a month to run. Electricity is more stable in costs.

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. 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.

Pros for heat pump water heaters. Very low running costs. Installing a new heat pump water heater can cost about 4 000 8 000. 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.

Natural gas heaters are typically a few dollars cheaper to run per hour vs propane heaters. It does not use a fuel to create heat and so is much more efficient that other options including natural gas heaters. 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.