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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.
Compact dryers range from $300 for basic 24-inch electric dryer to about $1,750 for a 24- electric dryer with stainless steel exterior and drum and more than a dozen dryer settings. Washer-Dryer Combo Prices A laundry center-a stacked washer and dryer unit-ranges from $750 to $2,000, with most falling under $1,300. An all-in-one washer-dryer unit, in which washing and drying take place in the same tub, ranges from $700 for a compact model to $1,700 for a full-size model with electronic controls, multiple wash cycles, stainless steel tub and noise-reduction features.