NYSEG: fuel comparison calculator: Calculate Your Savings With Natural Gas

Calculate Your Savings With Natural Gas

Natural Gas Worksheet

Instructions: Select your current fuel type and fill in the boxes to calculate your savings.

OilPropaneKerosene

Current Fuel: OIL (fuel cost data as of 2/10/2016)

Step #1	Calculate your cost for oil :		X		=
		Total gallons of oil used the last 12 months		Price you paid per gallon		(A) Total cost for the last 12 months

Step #2	Calculate your cost with natural gas :		X		=
		Total gallons of oil used the last 12 months		NATURAL GAS equivalent cost per gallon of oil		(B) What your natural gas cost would have been the last 12 months

Step #3	Calculate your savings with natural gas :		-		=
		(A)		(B)		SAVED per year

NOTE: Savings are based on average home using 1012 therms per year and a natural gas price of $0.88 per therm. Your savings may vary.
NOTE: This calculation assumes replacing your existing furnace with a new furnace of the same efficiency. However, most new furnaces will be more efficient than the one they replace, resulting in greater savings.