Gas Vs Electric Water Heater Operating Cost Ontario

Consider both the purchase price and the long term costs of water heating options.

Gas vs electric water heater operating cost ontario.

0 92 electric 0 61 gas energy cost 0 06 per kwh 60 per therm. Disadvantages of gas water heaters. According to natural resources canada on average 19 of the energy used in canadian homes comes from the water heater regardless of whether you have an electric vs. Current electric charges in the area are about 15 per kwh natural gas is about 1 40 a ccf propane is about 3 00 a gallon and oil is about 3 20 a gallon.

And propane is sold by the gallon with 91 500 btu per gal. Gasoline costs 10 5 cents per kwh and its cipk is 258 4 grams. Natural gas costs 3 82 cents per kwh and its cipk is 187 9 grams. Based on fuel rates as of december 2018.

Currently gas water heaters cost substantially less to operate than electric water heaters. An electric hot water heater ranges in costs from about 300 to 700 while a gas heater ranges from 400 to 800. A natural gas water heater saves you approximately 180 a year compared to electric. A tankless electric water heater has an average cost between 800 and 1 500 plus an additional 800 to 1 200 for installation.

Cost of a gas hot water heater. The typical water heater holds anywhere from 151 litres to 227 litres of hot water. In general however statistics show that a gas water heat will cost around 30 month for the average home while an electric heater will cost you closer to 42. An electric water heater with a storage tank has an average cost between 300 and 700 plus an additional 300 to 500 for installation.

This information is based on an average family of 2 4 persons and is obtained from manitoba hydro s website where you can look at this information in further detail on their operating cost comparison form. You benefit from lower operating costs. Although electric heating offers significantly lower installation costs gas heating provides consumers with a much lower cost per 1 million btu 18 in comparison to the 32 consumed by electric heating systems. You have access to a continuous supply of hot water.

They use less energy to heat the water compared to an electric water heater. A gas water heater offers more accurate temperatures and is able to heat the water at a faster pace. Quantity of water heaters to be purchased unit s 1 unit see assumptions for various daily water use totals. Compare natural gas water heating costs to electricityfor your area.