Those with natural gas and electric heat save less - $72 and $130, respectively - but, as you'll see in the next section, these numbers don't tell the entire story. Projected US heating costs for winter 2022-23įor those using oil or propane as fuel, the savings are significant: $434 for propane and $506 for oil just through the winter season alone. The chart of anticipated costs for various fuel types to heat a home in a climate 10% colder than the national average for winter 2022-23. Below is what the US Energy Information Association predicts US households will spend on heating this winter, from Oct. How much does it cost to heat the average home?Ĭomparatively, the cost to heat a house varies widely, based largely on home size and fuel type. That comes out to just under $50 per month. If you run it for eight hours per day, you'll pay about $1.60 per day. On average, you can expect to pay about 20 cents per hour to run an average space heater that is 1,500 watts and can heat a standard room. These prices might also dictate how long you'd like to run your space heater. This will determine the cost per hour that you can expect to incur by running your space heater. As a result, you'll have to take the word of the manufacturer when it comes to energy efficiency.įinally, you'll need to take into account your state or municipality's electricity rates. This is tricky when it comes to space heaters because they are not currently evaluated by the Environmental Protection Agency's EnergyStar program. The second thing that you'll want to consider is energy efficiency.
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