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Electric Furnaces
Electric is the cheapest way to go in terms of initial costs. Electric furnaces don’t require special venting, fuel pipes or storage tanks. They’re easy to maintain. The units are small and inexpensive to install. They tend to be fairly safe since there’s no fuel combustion involved. And they last a long time – 15 to 20 years on average. Unfortunately, electric furnaces, though more efficient than they were 10 years ago, still are the least efficient alternative and may bring higher heating bills. As with your other choices, generally, the more you pay for a unit, the more efficient your system will be and the more money you can save in the long run. But when you’re talking about the cumbersome process of moving electricity from a power plant, along miles of power lines to your home and converting it to heat, the term efficiency is relative.
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Gas Furnaces
Natural gas furnaces often cost a bit more than electric, and unless you’re replacing an existing unit, they come with the added expense of putting in gas lines from the street and building extensive ductwork. But they’re usually much more efficient, and that can translate to lower utility bills. A fairly abundant resource in the United States, natural gas has become a relatively inexpensive fuel source. Natural gas furnaces also have the advantage of warming up the home extremely quickly compared to other fuels, so consider that you’re not only paying for efficiency, you’re paying for convenience and comfo