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Induction range vs gas range: cost-of-cooking math

Electrification

Induction at 85 percent efficiency boils water in 3:48 vs gas at 6:42. The per-meal cost, install cost, and the IRA $840 induction rebate breakdown.

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Cooking cost: induction vs gas per meal

Induction $0.18/meal. Gas $0.31/meal. Same pan, same recipe. 42 percent savings.

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Induction cooktops deliver 85 percent of input energy to the pan. Gas ranges deliver 40 percent. Water boil time: induction 3:48 vs gas 6:42 for the same pan. Per-meal cost: $0.18 induction vs $0.31 gas at current US average rates. 5-year cooking-cost savings: roughly $640 for a 1.5-meal-per-day household. Installation: $1,800 to $3,500 for an induction cooktop including 240V circuit if needed.

Boil time and efficiency

1 gallon water at room temp: induction boils in 3:48 on high. Gas boils in 6:42 on high. Electric resistance coil boils in 4:12.

Energy efficiency: induction 85 percent, gas 40 percent, electric coil 70 percent. Induction wins both speed and efficiency.

Install cost and 240V requirement

Induction cooktop cost: $1,200 to $2,800 for unit. Install with existing 240V: $300 to $600. New 240V circuit: $1,500 to $2,500 if no existing.

Total install: $1,800 to $5,000 depending on electrical work. IRA HEAR program covers up to $840 for income-qualified.

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Common questions

Quick answers from the editorial desk

Induction with cast iron?
Cast iron works perfectly on induction. The pan is ferromagnetic. Cast iron actually outperforms stainless on induction heat transfer.
Panel amp need?
240V 40-50 amp circuit typical. 30 amp for smaller portable cooktops. Confirm with your installer based on the specific cooktop wattage.
Can I install on counter without re-wiring?
Plug-in portable induction cooktops (1500W) work on 120V. Full built-in cooktops need 240V.
IRA HEAR vs HER?
HEAR (Home Electrification and Appliance Rebate) covers individual appliances for income-qualified households. HER (Home Efficiency Rebate) covers whole-home efficiency upgrades. Both stack with 25C tax credit.

Further reading

Pillar guide, cluster siblings, and state pages cited above

Sources

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