Anticipated savings will be the difference between annual natural gas electricity heating oil or propane costs for various heating equipment.
Is natural gas cheaper than electricity in bc.
The prices of both natural gas and electricity vary depending on where you live in canada.
However if you only have electricity then the choice between the two fuels becomes a little less clear.
If you live in an area where electricity costs less than gas then a heat pump is also the better option.
Why choose a heat pump over a gas furnace.
2 300 square feet with average insulation.
Supply shortages and rising prices however have narrowed and perhaps even closed the gap at times.
Propane once had a reputation as a lower cost alternative to electricity for home heating.
Information from the executive office of energy and environmental affairs about last winter s projected home heating costs shows lower costs were expected for electric heating rather than natural gas.
Usually electricity can be found at cheaper prices in hydro abundant provinces such as quebec and british columbia while natural gas tends to be less expensive in natural gas rich provinces such as alberta.
5 000 after rebates but it is vastly more energy efficient.
Some may be convinced that gas is the cheaper alternative while others think that electricity is the cheaper option.
Although natural gas is a greenhouse gas when released into our environment propane is not on the same level as it has no toxicity to harm the environment.
Gas furnace come down to where you live.
Electricity is cheapest in provinces that rely mostly on hydro such as british columbia manitoba and quebec but is more expensive in other provinces.
In fact while a gas furnace is always less than 100.
But what do the numbers say.
A typical household is defined as a single family house approx.
1 these are approximate annual costs for space heating of a typical household in specific fortisbc and bc hydro service areas as identified.
If you live in the south where winter temperatures may only reach 40 to 60 degrees then a heat pump is the best fit for your home.
Most of the reasons you would choose a heat pump vs.
Gas is cheaper than electricity so provided you have a natural gas connection it will often work out cheaper to opt for gas over electricity wherever you can.
Comparisons of natural gas and electric heating often only consider baseboard heaters which are very inexpensive to install but use more electricity than heat pumps and therefore can be expensive to run.
Determining when a heat pump costs less to run than a gas furnace depends on a lot of factors.
