| I'm sure there are lots of variables, but I'm going for generalities here... |
| Gas is generally cheaper. I lived in a house with all electric and now with mostly gas. Gas is much cheaper. |
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It does depend on many factors, however a brand new, high efficiency electric heat pump system is competitive with a gas furnace in our region with has a lot of cool but not freezing weather.
I see people splitting the difference by having a hybrid system using electric AC/heat pump plus a gas furnace. http://www.residential.carrier.com/knowledge/guides/hybridheat.shtml If you're looking for lowest up front cost and operating costs, just go with a gas furnace. |
| Gas was cheaper for me. |
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I have electric A/C but everything else is gas. In previous house, I had all electric. It is more expensive to have all electric then to do electric a/c and gas heat.
Hope this helps. |
+1 Heat pumps have come a long way in the last couple of decades, but gas is still often cheaper. |
| I had a heat pump in my previous rental and how have a gas furnace. Gas is way cheaper. |
| the per btu cost of gas is something 1/4 the price of electric. |