save up to $2,000* per year, every year.

Natural Gas Furnaces - Cost Comparison

Natural Gas Furnaces are designed to offer you maximum heating comfort with a variety of models available at different prices and efficiencies.

Comparing the purchase price of new natural gas furnaces is easy. What requires more thought is the long term costs of each furnace.

This chart can help you see the difference not only between oil, electric and natural gas furnaces, but also between the mid and high-efficiency models of each.  Natural gas is the right fuel for home heating. The numbers prove it.

 

Natural Gas Cost

Electric Baseboard Cost

Approximate Annual Savings Over Electric Baseboard Up To

Fuel Oil Cost
(83% AFUE)

Approximate Annual Savings Over Oil Up To

Propane
Cost

Approximate Annual Savings
Over Propane
Up To

Mid Efficiency

$537 $2,391 $1,854 $2,335 $1,798 $2,710 $2,173

High Efficiency
(ENERGY STAR,
Min 90% AFUE)

$481

$2,391

$1,910

$2,335

$1,854

$2,402

$1,921

High Efficiency
with ECM (var.
speed motor)

$463

$2,391

$1,928

$2,335

$1,872

$2,384

$1,921

Mid Efficiency
with ECM (var.
speed motor)

$520

$2,391

$1,871

$2,335

$1,815

$2,693

$2,173

Two stage
furnace
ultra efficient)

$429

$2,391

$1,962

$2,335

$1,906

$2,252

$1,823

Notes:
Based on fuel rates as of January, 2014.
Natural Gas $0.2304 per m3
Electricity $0.1308 per kWh
Fuel Oil $1.1018 per Litre
Propane $0.8534 per Litre

* Assumptions to create the cost comparison were based on a standard home located in the Union Gas service area with 4 people per household. Cost comparison does not include monthly fixed charges.