At an average cost of $15.19 per thousand cubic feet for natural gas in the six months ending in June 2022 5, we estimate the average household spends $577.19 on natural gas per year. 3 We divided that number by the total number of households in the United States (122,354,219 4) to determine that the average home consumed 38,004 cubic feet of natural gas in 2021. residential sector consumed 4.65 trillion cubic feet of natural gas in 2021. 2 By multiplying 11,000 by 0.1441 we get the average cost of electricity per household per year: $1,562.
Energy Information Administration (EIA), the average home consumes 11,000 kilowatt-hours (kWh) of electricity per year 1(*), and the average price of electricity in the 12 months ending in June 2022 was 14.41 cents per kWh. Here’s what goes into the $284 ($388 in Canada) figure: Average cost of electricityĪccording to the U.S. Your smart thermostat can help you save up to 26% or $284 ($388 in Canada) on your annual heating and cooling costs.
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