Compare the Cost of Fuel Use

(This page was updated October 5, 2026.)

On average, natural gas energy is somewhat cheaper to operate compared to electricity. It's true; natural gas is the cleanest of all fossil fuels, and it's so reliable and comfortable that you may just forget that you're doing something good for the environment (and your wallet, too).

Effective Rates for October 1 - December 31, 2026

Appliance Type Natural Gas Therms Natural Gas Electric Cost Savings Natural Gas Electric Usage kWh
Cooking 35 $43.40 $140.44 $97.04 789
Water Heating (Tankless) 100 $124.00 $427.76 $303.76 3,287
Clothes Drying 50 $62.00 $229.53 $167.53 1,289
Total (Tankless Water Heater) $229.40 $797.73 $568.33

Costs based on October - December 2026 energy charges. Current monthly customer charges: Duke - $14.27; CGS Energy - $16.00 (natural gas only).

Cost and Savings Amount
CGS Customer Charge $ (192.00)
Net Savings (Tankless Gas & Electric) $376.33
Net Savings Percentage 47%

 

Natural Gas Appliance Incentives

Gas Application* Allowances When Converting to Natural Gas Allowances When Replacing Existing Gas Appliance
Tank Water Heater $525 $350
Tankless Water Heater $675 $550
Home Heating $725 N/A
Range $200 N/A
Dryer $150 N/A
Pool/Spa Heater $250 $250

*Commercial incentives are also available - please verify with a Commercial Sales Representative. Incentives are only applicable when gas appliances are purchased at CGS Energy.

All other figures are annual average projections based upon the following:

  1. 1 therm = 100,000 BTUs of energy
  2. Natural Gas $1.24 per therm
  3. Duke Energy (per kWh) 0.17804 per kWh or $5.22 per therm equivalent

Interested in converting to gas energy for your home or business, call us at 727-562-4980 or contact us by email: info@cgsenergy.org!

Related Pages

Back to top