We may have had a recent heatwave here in Central Indiana, but winter isn’t over yet! As you turn your thermostats back up in Indianapolis, take a moment to learn a bit more about electric vs. gas heat.
Electric vs. Gas Heat
The cost of natural gas rose about 22% in 2016 over 2015, one of the highest increases since 2010. Fluctuating temperatures in Central Indiana also led to higher than average heat costs. Are there options if you already have a gas furnace in your house?
You can convert an existing gas furnace to a hybrid system by adding an electric heat pump. Conversion is less expensive than to switch to an all-electric heating system, which could cost $3,000 or $4,000 to upgrade meters, electrical boxes, wiring, etc. to get the right service to support the system
The heating system in your home converts fuel, generally electricity, oil, natural gas or propane, into heat. Heat is usually measured in “BTUs” or British Thermal Unit. A BTU is a small unit of heat, comparable to the amount of heat you get from one wooden match. According to Duke Energy, an average Midwest home may use 60 to 80 million BTUs each winter.
To compare different heating fuels and heating systems we need a common unit of measure that applies to all fuels. The “Cost per one Million BTUs” (MBTUs) is the best way to compare heating costs associated with different fuels and different heating systems. Each fuel and heating system will have its own Cost per MBTUs based on the efficiency of the system and the price of the fuel.