Electric Hot Water Heater Cost Per Year

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.

Electric hot water heater cost per year. Annual energy costs are based on a melbourne household with the stated average daily hot water use. The calculation for an electric heater is similar except. Based on fuel rates as of december 2018. Compare natural gas water heating costs to electricity for your area.

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. For gas instantaneous and gas boosted solar water heaters the running costs take the electricity use into account. 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. Running a bath will use approximately 60 80 litres of water.

64 energy factor 0 92 electric 0 61 gas energy cost 0 06 per kwh 60 per therm. Average daily usage gallons per day gallons. The comparison assumes a storage tank water heater as the input type. Going by the examples given above where the electric heater costs 438 in fuel vs.

Electric immersion water heater running costs calculator. Quantity of water heaters to be purchased unit s 1 unit see assumptions for various daily water use totals. 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. 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.

Natural gas 0 36 per m 3 electricity 0 11 per kwh. Consider both the purchase price and the long term costs of water heating options. Electricity tariffs are based on a general or peak rate of 31 9c kwh and an off peak rate of 20 9c kwh. Hot water cylinders tanks come in many shapes sizes and capacities ranging from 40 to over 400 litres in larger homes.

224 for gas you would save 214 per year using gas although the exact numbers you see would depend on all the other variables in play such as the. 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. Most water heaters include a label listing the annual.