Heating Bill Comparison

Let’s take a look at the cost of heating our homes in East Tennessee.

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It’s officially Fall, Y’All, and it’s the time of year for lovely leaves (which haven’t reached their peak yet,) gorgeous, bright harvest moons, and crisp nights and mornings. We haven’t yet hit a hard frost this season, and lots of people stay comfy even in the chillier weather by shutting their windows and bundling up in warm sweaters and socks.

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But we know the real cold is on its way! And, since we’re proud of how affordable the cost of living here in Tennessee is, we thought we’d take a look at how much it costs to heat a home in our fair state. Electricity Local is a website that compares the cost of electricity, and how much electricity is used, with the rest of the country. According to them, Tennesseans spend an average of $123 per month on the household electric bill. If you read further, you’ll notice that’s actually higher than the average electric bill in America, by a little over 14%.

But wait, didn’t we say bills are lower, here?

They are! The rate for electricity in Tennessee averages 10.1 cents/kWh, ranking us 37th in the nation. That’s pretty good. Our cost for electricity is about 15% lower than the average in this country. And, because the cost of electricity is more affordable, more people use electric means (like heat pumps) to heat their homes in the cooler months!

If you opt to subsidize your heating needs with gas, or good old firewood, then your electric bill will be even lower. We also have plenty of choices in Tennessee for solar power, which can be purchased on a lease-to-own basis or with a lump sum. Going this route means your electric bills will dwindle down to nil. In many cases, solar power consumers get paid by TVA (Tennessee Valley Authority), because their solar panels produce enough power to sell some back to the grid! That’s a pretty sweet way to put our average of 204 days of sunshine per year to good use.

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But, what about other sources of heat for the home? Around here, natural gas is pretty popular. It delivers heat quickly. In comparing the cost of gas with electricity, we can check out Energy Models, a website that specializes in this sort of thing. The biggest challenge in the comparison is that electricity is measured by kWh, and natural gas rates come in dollars per therm. Those aren’t easily convertible units! We went to this website for a better explanation:

There are 100,000 Btus per therm of natural gas. There are 3413 Btus per kilowatt hour of electricity.

To Calculate The Comparison:

Multiply the cost per kilowatt hour X 29.3 to get the cost of 100,000 Btus of electricity and compare that cost, to the cost of one therm of natural gas, which can be found on your monthly statement.

Example: If your cost of electricity is $.08 per Kwh, then multiply $.08 X 29.3 = $2.34 for 100,000 Btus of electricity, then compare that cost, to the cost of one therm of natural gas, which can be found on your monthly statement.

The upshot is this: natural gas is, actually, cheaper to use in heating your home. BUT, installing a natural gas heater, and maintenance, too, costs more money.

 

If you want to make East Tennessee your home this fall, check out DarleneReeves-Kline.com!

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