Cost Comparison Formulas:
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Definition: This calculator compares the operating costs of gas versus electric water heaters based on energy usage and local utility rates.
Purpose: Helps homeowners and businesses determine which type of water heater would be more cost-effective for their needs.
The calculator uses these formulas:
Where:
Explanation: The calculator computes both costs and compares them to show which option is more economical.
Details: Choosing the right water heater can lead to significant long-term savings on energy bills and reduce environmental impact.
Tips: Enter your monthly gas usage in therms, gas price (default $1.20/therm), electric usage in kWh, and electric price (default $0.15/kWh).
Q1: How do I find my gas usage in therms?
A: Check your gas bill - it typically shows monthly usage in therms. Divide annual usage by 12 for monthly average.
Q2: What's a typical gas water heater usage?
A: Average is 30-50 therms/month for a family of four, but varies by efficiency and usage patterns.
Q3: What's a typical electric water heater usage?
A: Average is 300-500 kWh/month for a family of four, but varies by efficiency and usage patterns.
Q4: Should I consider other factors besides cost?
A: Yes - also consider installation costs, equipment lifespan, and environmental impact of each option.
Q5: How accurate are these calculations?
A: They provide estimates. Actual costs depend on water usage patterns, equipment efficiency, and local utility rates.