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Electric FurnaceCost: Purchase Price & Running Cost
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.
Average Purchase Price
$1,500–$4,000
Installed cost is typically $2,500–$6,000
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