The worksheet assumes that youâll need to replace about 80 percent of your pre-retirement income. Social Security retirement benefits should replace about 40 percent of an average wage earnerâs income after retiring. This leaves approximately 40 percent to be replaced by retirement savings. Keep in mind, this is an estimate and you may need more or less depending on your individual circumstances.
Equipment Costs. The average price for a new gas furnace ranges from around $2,300 to $3,000 depending on manufacturer according to a November 2012 article by Consumer Reports. Qualitysmith.com estimates the cost of a new electric furnace at $1,000 to $1,500 as of December 2012.lectric space heaters all have AFUE ratings of 100 percent. Assuming an electric heater with 100 percent efficiency, homeowners should expect to pay roughly $34.32 per million BTUs of heat. Natural gas is generally sold in therms, where one therm is equal to 100,000 BTUs.
savings of $60 per/yr. also if you have a water heater if you turn it down to 120 degrees it will save on your gas bill... Also, insulate your water heater the water will stay hotter longer w/o less heating time...y bills are Â£120 for water (fixed amount), Â£35 a month gas, Â£25 a month electric. Not sure why some people have quoted you Â£1000 a year, that seems pretty high but if you use your electrical stuff lots and have the heating on a lot then I guess it would easily be that much. Have fun in your new home!