Easy Ways to
Save Money
An energy
cost comparison
Operating efficiency is
propane's
number one advantage
The Department of Energy Average Representative Costs of residential
fuels are as follows:
| Energy
Source |
National
Average
Cost |
Cost
Per
Million
BTU's |
Efficiency |
| Electricity |
8.29 cents
per kWh |
$24.30 |
27% |
| Natural Gas |
83.7 cents
per therm |
$8.37 |
91% |
| #2 Heating Oil |
1.23 dollars
per gal |
$8.86 |
86% |
| Propane |
1.03 dollars
per gallon |
$11.28 |
93% |
| More than seventy percent
of the energy value of electricity is lost in it's generation
and transmission process. In contrast, only seven
percent of the energy value of propane is lost in its
production and distribution. Fuel efficiency will
vary with the efficiency of the appliances in the home. |
Step 1
Check the price of propane in your
area and insert the per gallon cost in the calculator
below.
Step 2
Compute your kilowatt hour (kwh) rate.
To do this, divide your total electric bill by the number of
kilowatt hours you used. Insert the figure into the second
field in the calculator below.
Step 3
Since we are assuming that propane
is 80% efficient, it will take slightly more propane to do the
same job. So the cost per gallon of propane is automatically
multiplied by 1.25 by the calculator. Since electricity
is considered to be 100% efficient at the appliance, the cost
per kwh is unchanged.
Step 4
Click the 'Calculate Totals' button.
The results of the calculation are shown in the fields below
the calculate button.
Now you can easily
compare the cost of propane versus electricity to do the same
job.
|
