So I have been spending some time looking at CNG Fueling stations. I was going to bring this up on the thread I remeber on this site about anouncing that GM was starting to sell CNG trucks/suv's or something to that line.
So currently here in Washington, NG is at $2 per Thousand Cubic feet.
So what would the ROI be on changing over?
Your looking at about 500-1000 for a cng conversion kit for your auto and about $5000 for a home fueling kit. The current thought is this make the best sense for America to kick the Oil Habit, we need a stepping stone to the eventual holy grail of Pure Electric. Since the US has the 2nd largest reserves of NG in the world and most people have NG at their house, it would tend to make sense for people to install a CNG home fueling system and if they do not want to deal with fueling overnight, get a holding tank so it can fill up the tank with CNG and this would give you a fast typical 3-5 min fueling time.
Here is a site that breaks down details at the time of CNG ROI based on January 2011.
http://www.mudomaha.com/naturalgas/pdfs/cng.faq.pdf
One thing is the crazy high cost of a conversion kit as I have found them much cheaper than stated here. Also the stated cost of a $1.78 per gallon. The same gallon of CNG give the same as a gallon of gas.
if you drive 12000 miles a year at $4 a gallon at an average MPG of 25 you use 480 gallons of gas at $1920 fuel bill yearly.
12000 miles a year at $1.78 per CNG gallon (local CNG Pump) at 25MPG using 480 gallons of CNG equals $854.40 per fuel bill for the year.
12000 miles a year at .86 per CNG gallon (home) at 25MPG using 480 gallons of CNG equals $412.80 per fuel bill for the year.
With a average additional cost of $5K for the vehicle and about $5K for the Fueling system at home does it make sense for you to conver over?
If you go with CNG but no home fueling station, you end up with about 4 1/2 years for ROI.
If you go with CNG and Home Fueling station you end up with about 6 1/2 years for ROI.
So DOES it make sense to convert or change your vehicles over to driving CNG for you?????
http://www.cngprices.com/index.php
CURRENT CAR LIST
Honda Civc GX (factory CNG)
Chevy Impala (2010)
Chevy Silverado (2010-2012, 5.3 or 6L)
Chevy Savana (2010)
Ford Transit Connect (2010-2012)
Ford Crown Victoria (2010-1011)
Ford F150 (2010-2012)
Ford F250/350 (2011-2012)
Ford E450 (2011-2012)
Ford Escape (2011-2012)
Izusu NPR (2012)