An electric furnace is one of the most power-hungry appliances in a home, using 10,000–15,000 watts. If you have one, it likely dominates your winter electricity bill.
watts
hrs/day
$/kWh
Daily Cost
$9.60
60.0 kWh
Monthly Cost
$288.00
1800.0 kWh
Yearly Cost
$3504.00
21900.0 kWh
For perspective...
At $3504.00/year, this is a major energy expense — equivalent to a car payment. Strongly consider more efficient alternatives.
Energy-Saving Tips for Your Electric Furnace
A heat pump can be 2-3x more efficient in mild climates
Seal air leaks around windows and doors to reduce heating demand
Lower the thermostat by 1°F to save roughly 3% on heating costs