electric heat cost?
#1
02-14-07, 03:54 PM
Join Date: Mar 2005
Posts: 33
electric heat cost?
How much more does it cost to heat your house with electric vs oil?
I have an oil boiler now and its costing me about 300 dollars a month for oil in the winter months and that does not include service calls and maintance.
Rickc
I have an oil boiler now and its costing me about 300 dollars a month for oil in the winter months and that does not include service calls and maintance.
Rickc
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#2
02-14-07, 04:18 PM
Super Moderator
Join Date: Jan 2001
Location: Manitoba
Posts: 9,919
Likes Received: 3
No one would have a clue as to which fuel would be less expensive.
If you describe your heating system, house size, insulation level, and most important the cost of oil and how much you pay per kwh for electricity.
Also, if you tell us roughly where you live someone may have an idea about what is generally cheaper in your area.
If you describe your heating system, house size, insulation level, and most important the cost of oil and how much you pay per kwh for electricity.
Also, if you tell us roughly where you live someone may have an idea about what is generally cheaper in your area.
#4
02-17-07, 10:06 PM
Join Date: Mar 2005
Posts: 33
Originally Posted by GregH
No one would have a clue as to which fuel would be less expensive.
If you describe your heating system, house size, insulation level, and most important the cost of oil and how much you pay per kwh for electricity.
Also, if you tell us roughly where you live someone may have an idea about what is generally cheaper in your area.
If you describe your heating system, house size, insulation level, and most important the cost of oil and how much you pay per kwh for electricity.
Also, if you tell us roughly where you live someone may have an idea about what is generally cheaper in your area.
I have a 35 year old 2 story 4 bedroom house.
I currently have a hot water boiler oil burning heating system.
I am pretty sure oil is the cheapest way but oil is 2.21 a gallon and I go through 150 gallons a month in the winter. Plus a service call or two. And I am guessing that it does consume some electricity!
Lately I have been having some problems with my boiler and I will have to replace the tank and was woundering if changing systems now would be a good idea?
Thanks
Rickc
#5
02-18-07, 11:39 AM
Member
Join Date: Jan 2007
Location: Upstate New York
Posts: 134
Here's the math:
Oil delivers 144,000 BTU's/Gallon and cost (around here) $2.60
of which 20% goes up your chimney. (We'll leave other losses etc alone for now)
Electric delivers 3.414 BTU/Watt and costs $.15/kw/hr (again, around here)
and is 100% efficient
If a home needs 50,000 BTU/hr to maintain (your needs don't matter, were comparing the cost of the fuels, remember...so the comparison ratio will stay the same.
In my area a heating system runs an average of 2600 hrs/yr
This puts the yearly demand at 130,000,000 btu.
This home would cost $2925 in oil to run for the year as compared to $5720 in electric. Electric is still almost twice as much, more in some areas. Electric costs are goverened by the market, just like oil, so both are constantly changing. Rate increases in the two are interdependent since fossil fuels are what is most commonly used to make electricity.
Hope this hels a little.
Oil delivers 144,000 BTU's/Gallon and cost (around here) $2.60
of which 20% goes up your chimney. (We'll leave other losses etc alone for now)
Electric delivers 3.414 BTU/Watt and costs $.15/kw/hr (again, around here)
and is 100% efficient
If a home needs 50,000 BTU/hr to maintain (your needs don't matter, were comparing the cost of the fuels, remember...so the comparison ratio will stay the same.
In my area a heating system runs an average of 2600 hrs/yr
This puts the yearly demand at 130,000,000 btu.
This home would cost $2925 in oil to run for the year as compared to $5720 in electric. Electric is still almost twice as much, more in some areas. Electric costs are goverened by the market, just like oil, so both are constantly changing. Rate increases in the two are interdependent since fossil fuels are what is most commonly used to make electricity.
Hope this hels a little.
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