Induction Conversion Payback Calculator

Compare the gas you stop buying with the electric load you add, then layer in ventilation savings, solar offsets, and rebates to see how fast an induction retrofit pays for itself.

Cooktop, electrical upgrade, labour, permits, and any cookware replacements.
Average monthly gas bill attributable to cooking usage only (USD).
Expected electric cost for similar usage on induction at your tariff.
Optional. Defaults to $0. Include lower hood cleaning or filter replacement per month.
Optional. Defaults to 0%. Share of the electric load covered by solar or time-of-use arbitrage.
Optional. Defaults to $0. Subtracts from upfront cost (include federal, state, or utility rebates).

Actual energy costs vary by region—confirm rates with your utility and electrician before committing to an installation budget.

Examples

  • Upfront $1,200, gas $35/mo, induction $18/mo, ventilation $6/mo, solar 25%, incentive $200 ⇒ Net upfront: $1,000.00 • Monthly savings: $20.50 • Annual savings: $246.00 • Payback: 48.8 months (4.1 years).
  • Upfront $1,600, gas $48/mo, induction $26/mo, no vent savings, incentive $400 ⇒ Net upfront: $1,200.00 • Monthly savings: $22.00 • Annual savings: $264.00 • Payback: 54.5 months (4.5 years).

FAQ

Should I include cookware costs?

Yes—add them to the upfront cost if you need to replace pots or pans that are not induction compatible.

What if my utility offers time-of-use rates?

Estimate your induction electricity bill at the rates you'll pay most often, then adjust the self-generation offset to reflect any cheap off-peak charging windows.

Is ventilation savings guaranteed?

Not always. Include it only if you plan to downgrade or remove existing gas-specific ventilation and maintenance expenses.

What payback horizon should I consider acceptable?

Many homeowners target three to six years. Compare the calculator output to appliance lifespan, warranty coverage, and the comfort or indoor air quality improvements you value.

Additional Information

  • Monthly savings equals avoided gas bill minus the adjusted electric load plus any ongoing maintenance savings.
  • Self-generation offset reduces the electric cost by the stated percentage to capture rooftop solar or load shifting benefits.
  • Rebates and incentives subtract directly from upfront cost before computing payback.
  • Result units: USD for cash flows and months/years for payback

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