AGA just released its estimate for how much a customer could potentially save when they choose natural gas appliances over other major fuel types for residential space and water heating needs.
Based on estimated representative average fuel unit costs published by the United States Department of Energy (DOE) Office of Energy Efficiency and Renewable Energy, AGA estimated the annual costs for natural gas furnaces and water heaters when compared to their propane, oil and electric counterparts.
Bottom line? When you choose a natural gas furnace, water heater or combination of the two, you can save anywhere from $300 to $1,200 per year.
These tables break it down for you by each appliance option. The analysis is based on a 2,072 square-foot house located in St. Louis, MO, and represents a 5,000 Heating Degree Location. For more detailed information on how these numbers were compiled, view AGA’s recent press release.
2013 Space Heating Annual Cost Summary
(Estimated Annual Operating Cost)
| Heating Equipment Type | 5000 Heating Degree Days |
| 97% AFUE Gas Furnace | $524 |
| 80% AFUE Gas Furnace | $689 |
| 7.7 HSPF Electric Heat Pump | $1,005 |
| 97% AFUE Propane Furnace | $1,246 |
| 87% AFUE Oil Furnace | $1,518 |
| 80% AFUE Propane Furnace | $1,588 |
| 80% AFUE Oil Furnace | $1,632 |
| Electric Resistance Furnace | $1,725 |
2013 Water Heating Annual Cost Summary
(Estimated Annual Operating Cost from Low to High)
| Water Heater Type | Annual Cost |
| 50 Gallon Natural Gas (FHR = 74 gallons) | $265 |
| 50 Gallon Electric (FHR = 67 gallons) | $562n |
2013 Space Heating with Water Heater Installations
(Estimated Annual Operating Cost from Low to High)
| Space Heating/ Water Heating Type | Annual Cost |
| Natural Gas: 97% AFUE Furnace & Water Heater | $789 |
| Natural Gas: 80% AFUE & Water Heater | $954 |
| Electric: Heat Pump & Water Heater | $1,567 |
Every day, America’s local natural gas utilities safely and reliably deliver savings like this to their more than 71 million residential, commercial and industrial customers across the country. By providing access to the nation’s most affordable, efficient and clean domestically-produced energy source, AGA’s member companies are helping to realize a secure economic and energy future for our country.
