Regardless if your furnace is powered by gas or electricity, it’s an indispensable part of your home. However, though both of these types of furnace have the same function, this doesn’t mean they’re operated in the same way. Keep in mind that one choice isn’t necessarily better than the other–the better option for you depends on different variables. These include budget, maintenance requirements, local climate, fuel price and your home’s size. In this post, Tyler Heating, Air Conditioning, Refrigeration LLC, one of the best HVAC companies in the area, shares a quick comparison between gas and electric furnaces.
Life expectancy. The unit’s service life is an important factor to consider. An efficient gas furnace can run smoothly for around 20 to 25 years, coupled with proper maintenance and repairs. On the other hand, electric furnaces last longer than gas furnaces. Granted, they have higher operating costs, but require minimal maintenance, which is better for some in the long run.
Initial cost. Your furnace replacement contractor will tell you that gas furnaces cost $1,200 for the furnace alone, but this amount rises to between $3,500 and $4,000 when installation fees are included. If you don’t have an accessible source of gasoline, you can opt for an electric furnace. The main benefit of an electric furnace is the low initial cost. A generic electric furnace will set you back from $400 to $1000, with an average cost of $650, which means they’re generally cheaper than gas furnaces.
Long-term difference. Gas furnaces have a higher upfront price, but their operating costs are significantly lower than electric furnaces. The cost to run an electric furnace is about 2.5 times higher than a conventional gas furnace. Your savings will increase the bigger your home is. However, you’ll still need to consider local gas prices. Gas prices tend to skyrocket in rural areas, but in a general sense, you can expect long-term savings with a gas furnace.
Tyler Heating, Air Conditioning, Refrigeration LLC takes pride in our consistency and reliability in meeting preventive maintenance tasks. With our unmatched services, we’ll make sure you get the most from your heating and air conditioning system. We prioritize our customers’ satisfaction over all. Contact us for heat pump repair services and more. We serve Milford, CT, and the surrounding areas. Call us today at (203) 660-2031 or fill out this contact form to schedule your consultation.