When you want to install the right heating system for your home or place of business, it is important to know the differences between gas and electric furnaces and what will benefit your requirements the most. In this guide, we look at the key difference to help you make the right choice.
Initial Costs
Electric furnaces cost less upfront and are easier to install. You should expect to spend up to $2,500 on a new electric furnace unit and the installation should cost you up to $1,500. On the other hand, a gas furnace unit can cost up to $4,000 while the installation cost can be up to $2,000. Thus, you should expect to spend up to $4,000 on an electric system. A gas furnace unit and installation should cost up to $6,000.
Energy Costs
Gas furnaces may cost more for the initial setup, but they cost less to operate. The primary reason is that natural gas is cheaper than electricity. Electric furnaces are generally better only in dry climates with mixed or hot temperatures.
The Energy Information Administration predicts natural gas prices to rise in the near future. Still, the cost of operating gas furnaces will be much lower.
Installation Comparison
If your home has access to a gas line, it will be simple to install a gas furnace. But the process will still be more difficult than installing electric furnaces. Gas furnaces are larger in size and are complex in design. The ease of installation also contributes to the lower setup cost for electric furnaces.
Overall Lifespan
Gas furnaces can last from 10 years to 20 years and electric systems 20 years to 30 years. This significant difference between their lifespan is caused by the way each operates. Gas units produce tiny particles that build up within the system. They require regular cleaning and maintenance and are more likely to fail. The heat exchanger has many working parts and corrosion is also a concern. All these factors also increase the frequency and cost of maintenance.
How to Choose the Right Heating System?
When it comes to operational costs, the gas furnace makes much more sense. But that should not be the only factor to guide your decision. We recommend gas systems if you already have access to natural gas and need it for many months of the year. Most homeowners who already have a gas furnace are good candidates for an upgrade. Thus, electric furnaces are recommended for those who don’t have access to natural gas and live in a temperate climate.
When choosing between the two systems, your personal preferences also matter. At Professor Gatsby’s Heating & Cooling, we provide complete heating repair, installation, and replacement services in Williamstown, NJ. If you need any information or help related to heating systems, call us at 856-885-2231 or write to us using this Online Form.
