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A dryer is one of the least energy efficient appliances in a home and can easily account for 10% or more of energy usage. However, the concern over its cost is often somewhat exaggerated, as neither electric nor gas dryers cost more than $100 to $150 a year to operate â depending on local electricity and gas prices. This makes the appliance much cheaper to run than, for example, an electric water heater or refrigerator.
Typically, a gas dryer is a lot more efficient than an electric dryer and, therefore, is cheaper to operate. For the $400 you'll save by not having the outlet run, you could buy a new gas dryer and save money each month versus running the electric dryer.