Propane Water Heaters cost more up front than electric water heaters. A 100-watt light bulb will consume 1.2 kWh, per day. $0.09 per kWh for electricity is the Federal average price in the U.S. $0.93 per therm for gas is the Federal average price in the U.S. Average shower (8 minutes) = 10 gallons of hot water, Average clothes washer (one load) = 7 gallons of hot water, Average dishwasher (one load) = 6 gallons of hot water. Forrestal Building1000 Independence Avenue, SWWashington, DC 20585, About the Federal Energy Management Program, Strategic Programming & Integration Planning, Energy & Project Procurement Development Services, Weatherization and Intergovernmental Programs Office. Using the data points above, using a heater for 8 hours costs: Propane is the more cost-effective fuel in this scenario, and as you can see, the cost gap between the two energy sources is growing with higher voltage appliances. Where you live might make your decision for you. On average, natural gas-fired units cost … Next, you can adjust your current water heater’s Energy Factor as well as the Energy Factor of your new water heater. To start, propane is a primary energy source, whereas electricity is secondary, that is to say, propane can be used ‘as is’ and electricity can only be used once it’s been created by another energy source. What can SANTA do for you? While electricity has zero emissions, that doesn’t mean it’s 100% efficient. In fact, according to The U.S. National Library of Medicine, about 62.7% of electricity generated is from fossil fuels (coal, natural gas, and petroleum), and 30.1% is attributed to coal. 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 … For this reason, it’s possible for homeowners to have either an above-ground or underground propane tank without any worry of contamination. Lifetime energy cost is the sum of the discounted value of the annual energy costs based on assumed water heater life of 13 years. It’s become one of the most common fuels for heating and cooling homes because it’s clean, efficient,... All marks are the property of Santa Energy Corporation. The annual heating costs presented by the calculator exclude the cost of converting to a different heating system, which may be significant. Future electricity price trends and a discount rate of 3.2% are based on Federal guidelines. "Base model" has an efficiency that just meets the national minimum standard for gas and electric water heaters. Which is the Best Propane Tankless Water Heater for You? An electric hot water heater ranges in costs from about $300 to $700 while a gas heater ranges from $400 to $800. This downloadable tool allows the user to vary interest rates, installation costs, maintenance costs, salvage values, and life expectancy for a product or an entire energy project. There are often stipulations that come with the rebates though, so it’s wise to do your research to see if the options provided by the state make sense for your home. The average cost of propane per year (for homes that use propane for heating plus other other appliances) is $2,000-$3,000. And, coal mining accounts for roughly 9% of total U.S. methane emissions and nearly 1% of total U.S. greenhouse gas emissions, according to EIA, which is not environmentally-friendly. In short, propane is the most energy efficient of the two grills — and might be better for the taste of your food as well. ... We Compared Gas vs Electric Tankless Water Heaters | The Result? "Base model" has an efficiency that just meets the national minimum standard for gas and electric water heaters. Using the calculator … A BTU (British Thermal Unit) equals the energy needed to raise the temperature of one pound of water by one degree F. System Efficiency - Measure of the percentage of potential energy … While this is more expensive on average than electric… Your selection of a water heater using gallon(s) per day will have a $ energy cost savings per water heater over an estimated 13 year life expectancy compared to the model. We’re happy to help with all your heating and cooling needs. A gas water heater with a tank has an average cost between $400 and $1,000 for the unit and between $500 and $700 for installation. However, high-efficiency tank water heaters … How Much Does a Storage Tank Water Heater Cost? Costs vary by region and by the household for both propane and electricity. This cost calculator is a screening tool that estimates a product's lifetime energy cost savings at various efficiency levels. The professionals at Santa Energy can help you determine whether propane or electricity is best for your home. * See assumptions for various daily water use totals. The same machine would take 0.068 gallons (8530.3540825 BTUs/hr.). However, if you purchase high-quality equipment, the cost-savings of switching to a propane water heater will eventually win out. A gas water heater unit is about $850 on average, but more efficient models can cost up to $1,400. Your equation would look like this: 0.10 x 27 =, Then, look up the price of propane on the. Natural or propane ) or electricity is a compressed gas stored as a liquid region, the source! Fuel will run out and the Google Privacy Policy and Terms propane vs electric water heater cost calculator Service apply a. 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