Top best answers to the question «How much does an electric furnace cost to run a month»
Monthly Heating Costs
Electric heating typically costs $35 or more per BTU of heating. This can translate into several hundred dollars per month for home heating. If you live in an area where electricity is more expensive, the cost might be even higher.
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Follow Us: The cost of running an electric furnace varies depending on size of home, the type of furnace, cost of electricity and weather conditions. Generally, an electric furnace runs from 10 to 50 kilowatts of power. A home approximately 2,000 square feet averages about 18,000 kilowatts for heating purposes.
Average Cost to Operate an Electric Furnace Per Month or Year. The average cost of residential electricity is 13 cents per kilowatt hour in 2019. Considering the average home uses about 20,000 watts per hour of heating (with 2 total hours) for 40 kWh per day for heating, the figures come out to: Per hour: $2.60; Per day: $5.20; Per month: $158
If your energy usage is consistent, that’s a monthly cost of $144.19. Since heating and cooling make up almost half of your energy bill, you should be able to estimate your monthly heating costs and how to reduce them. Hopefully, this article has helped you understand how to calculate how much does it cost to run a gas or electricity furnace.