Cost Formulas:
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Definition: This calculator compares the operating costs between gas and electric water heaters based on energy consumption and local utility rates.
Purpose: It helps homeowners and contractors determine which type of water heater would be more cost-effective for their specific situation.
The calculator uses two simple formulas:
Where:
Explanation: The calculator multiplies the energy consumption by the unit price for each fuel type to determine total operating costs.
Details: Comparing operating costs helps make informed decisions about water heater selection, considering both upfront and long-term costs.
Tips: Enter the energy consumption for both systems (typically found on EnergyGuide labels) and your local utility rates. Default values are provided for common averages.
Q1: How do I find my energy consumption values?
A: Check the EnergyGuide label on your water heater or manufacturer specifications. Typical values range 250-400 therms/year for gas and 3,500-5,000 kWh/year for electric.
Q2: Where can I find my local utility rates?
A: Check your utility bills or contact your gas and electric providers for current rates.
Q3: Which is usually cheaper to operate?
A: Gas heaters typically have lower operating costs in most regions, but this depends heavily on local utility rates.
Q4: Should I consider other factors besides cost?
A: Yes, also consider installation costs, equipment lifespan, maintenance requirements, and environmental impact.
Q5: How accurate is this comparison?
A: This provides basic operating cost comparison. For complete analysis, consult a professional who can assess your specific situation.