What is the cheapest method of heating a home?
When it comes to heating homes in the Peoria area, one of the most pressing concerns for homeowners is which heating solution is the cheapest. Use this guide to understand your heating options and the variables that will affect which will cost the least in utility expenses. Variables That Affect Heating Costs The options typically considered for heating a home include gas furnaces, electric furnaces and heat pumps. Of these options, there are three primary factors that will affect which system will cost the least to operate. System Efficiency For furnaces, the efficiency rating is AFUE or annual fuel utilization efficiency. This essentially considers how much heat the unit produces compared to what it loses through exhaust. From this perspective, electric furnaces are always more efficient than gas units. However, heat pumps beat both electric and gas furnaces because they transfer heat rather than produce it. These units measure efficiency with HSPF or the heating seasonal performance factor. The heating seasonal performance factor is a ratio of how much heat a heat pump transfers compared to the electricity it consumes. Outside Temperature The outside temperature is a major factor in how much a system will cost to run. Once the...
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