Comparison of Heating Costs in Ontario

A rule of thumb guide to help Ontario homeowners choose the lowest cost way to heat their homes.

Of course how you choose to help your home will depend on what fuel types you have available in your home and also the cost of installation and what existing equipment you have. But we thought it might be useful to strip away the complexity of efficiencies, differing units and different ways of charging and produce a simple at a glance list.

Using the latest energy prices in Ontario we have pulled together a list of energy costs by fuel type from lowest to highest:

Energy Cost Comparison Chart

Heating TypeHeat per $1 spent (BTU’s) *
Geothermal WaterFurnace Heat Pump91,724
High Efficiency (Modulating) Natural Gas Furnace70,628
Air Source Heat Pump51,195
High Efficiency Propane Furnace34,719
High Efficiency Oil Furnace29,838

* The more BTU’s per dollar spent, the more heat you get per dollar, the cheaper it is for you to heat your home.

So how does older equipment compare:

Older Gas FurnaceElectric Furnace

Call us to have one of our consultants see how your home measures up for a new energy efficient furnace.

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