Electric Hot Water Heater Cost Per Year

Water heater operating cost comparison tank technology fuel type energy source uef uniform energy factor annual operating costs standard 50 gallon gas storage tank natural gas 0 60 309 standard 50 gallon gas storage tank propane 0 60 745 standard 50 gallon electric storage tank electricity 0 95 626 tankless technology fuel type energy source uef uniform energy factor annual operating.

Electric hot water heater cost per year.

For a heater with an energy factor of 6 and a propane cost of 3 89 per gallon or 00004251 per btu that works out to 1 061 per year. Average daily usage gallons per day gallons. Generally speaking a gas water heater will cost less per month than an electric model since natural gas prices tend to be lower than the cost of electricity. The average person uses about 20 30 gallons of hot water per day next you can adjust your current water heater s energy factor as well as the energy factor of your new water heater.

Hot water cylinders tanks come in many shapes sizes and capacities ranging from 40 to over 400 litres in larger homes. Based on fuel rates as of december 2018. Consider both the purchase price and the long term costs of water heating options. Hot water immersion heater elements are usually rated at 3 or 6 kilowatts kw.

Most water heaters include a label listing the annual. A 50 gallon 5 500 watt water heater with a 90 ef and an electricity rate of 16 per kilowatt hour will cost 781 to operate each year. Natural gas 0 36 per m 3 electricity 0 11 per kwh. Running a bath will use approximately 60 80 litres of water.

Going by the examples given above where the electric heater costs 438 in fuel vs. The comparison assumes a storage tank water heater as the input type. A natural gas water heater saves you approximately 180 a year compared to electric. Compare natural gas water heating costs to electricity for your area.

64 energy factor 0 92 electric 0 61 gas energy cost 0 06 per kwh 60 per therm. For gas instantaneous and gas boosted solar water heaters the running costs take the electricity use into account. Electricity tariffs are based on a general or peak rate of 31 9c kwh and an off peak rate of 20 9c kwh. At the bottom of the calculator are more settings you can adjust for further accuracy such as the cold water intake temperature the water heater temperature and the cost of electricity.

The calculation for an electric heater is similar except. Annual energy costs are based on a melbourne household with the stated average daily hot water use. Annual energy cost annual emissions kg year gas room heater 3 star natural gas 530 1 680 5 star natural gas 455 1 440 3 star lpg 1 305 1 935 5 star lpg 1 115 1 655 electric room reverse cycle 2 star 555 2 245 5 star 380 1 535 electric portable heater no ratings 1 605 6 525 electric fixed heater.