You are here: Home Newsreleases 2008 Fuel Cost Comparison Chart Helpful Tool
 
Document Actions

Fuel Cost Comparison Chart Helpful Tool

Compare fuel, capital and labor costs when deciding whether to replace your heating system.

A fuel cost comparison chart is invaluable if you are thinking about replacing your heating system and want to determine the most cost-effective fuel source, a North Dakota State University energy expert advises.

“Fuel types are sold in different quantities, making comparisons difficult,” says Carl Pedersen, NDSU Extension Service energy educator. “By comparing various prices of fuels and heating efficiencies, you can determine which option is best for your situation.”

For example, a number of people use corn stoves in their homes. With the price of a bushel of corn hovering around $5, they might be asking themselves if burning corn is costing them more than traditional heating sources would. By using a fuel cost comparison chart, you can determine that corn at $4.98 a bushel burning at 65 percent efficiency is equivalent to electric heat at 5.5 cents per kilowatt-hour or a highly efficient (90 percent-plus) stove burning propane at $1.37 per gallon.

Fuel costs are not the only factor when comparing home heating systems, however. Capital and labor costs also need to be considered, Pedersen says. Comparing highly efficient units with older, less efficient models of heating also can be beneficial.

A well-insulated, 1,500-square-foot home in North Dakota will require about 80 million British thermal units (Btu) of heat in a year’s time. By determining the cost of those Btu for each type of fuel, you can calculate annual costs and annual savings for installing a new heating system.

Take an average 1,500-square-foot home heated with propane as an example. If propane costs $2.02 per gallon, the average cost of heating the home would be $2,342 per year with a 75 percent efficient furnace and $1,909 per year with a 92 percent efficient furnace, a cost difference of $433 per year.

“Using these calculations, you can determine the time required to recoup the costs of replacing an older furnace,” Pedersen says.

For more information and a detailed chart showing fuel cost comparisons, visit http://www.ag.ndsu.edu/pubs/ageng/structu/ae1015.htm.

If you have any questions on this or any other energy-related topic, contact Pedersen at (701) 231-5833 or carl.pedersen@ndsu.edu.


NDSU Agriculture Communication

Source:Carl Pedersen, (701) 231-5833, carl.pedersen@ndsu.edu
Editor:Ellen Crawford, (701) 231-5391, ellen.crawford@ndsu.edu
ND State Fair
4-H State Fair Results
Columns
Dairy Focus: Dairy Focus: Will 2014 be a Dairy Industry Year to Remember?  (2014-04-08)  The new farm bill represents a large shift in U.S. dairy policy.  FULL STORY
Spotlight on Economics: UAVs: The Key for Precision Agriculture?  (2014-04-21)  UAVs will improve precision agriculture by collecting larger amounts of data in a shorter period of time.  FULL STORY
BeefTalk: BeefTalk: Are 60 Percent Calving in First 21 Days?  (2014-04-17)  If the percentage of cows calving the first 21 days of the calving season is less than 60 percent and the percentage of cows calving the second 21 days of the calving season is greater than 25 percent, a serious re-evaluation of the herd needs to occur.  FULL STORY
Prairie Fare: Prairie Fare: “Microwave It” Guide Teaches Safe Food Handling and Provides Recipes  (2014-04-17)  Today, most households have a microwave oven and use it nearly every day.   FULL STORY
 
Use of Releases
The news media and others may use these news releases in their entirety. If the articles are edited, the sources and NDSU must be given credit.
 

Powered by Plone, the Open Source Content Management System